Osama Daoud Abdellatif (DAL Group) becomes the first Sudanese private sector operator to obtain an AfDB loan ($75 million)
The businessman who heads the country’s largest conglomerate can now count on the support of the pan-African establishment. This marks a breakthrough development especially since Sudan remains on the U.S terrorism blacklist.
12/03/2020 at 17h15, by Aurelie Benoit
With this $75m package – signed on 5 March in Khartoum with the VP of the African Development Bank for Agriculture, Jennifer Blanke – Sudanese tycoon Osama Daoud Abdellatif has wrought a major achievement for his DAL Group. Indeed, this is the institution’s first loan to a private Sudanese group at a time when the country has been considered by Washington since 1983 as a “State supporting terrorism”, thereby curbing international investments, both from private undertakings as well as donor organisations.