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Sudan Launches Program to Protect Private Sector Employees from Corruption

A customer receives money from a teller inside the Bank of Khartoum, in Khartoum, Sudan. (Reuters)
A customer receives money from a teller inside the Bank of Khartoum, in Khartoum, Sudan. (Reuters)
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Sudan Launches Program to Protect Private Sector Employees from Corruption

A customer receives money from a teller inside the Bank of Khartoum, in Khartoum, Sudan. (Reuters)
A customer receives money from a teller inside the Bank of Khartoum, in Khartoum, Sudan. (Reuters)

Khartoum announced preparations to launch a counter-corruption program next April, which will vet Sudan’s private sector employees, estimated at about 75,000.

“This program will enable employees to become familiar with the management program used by companies around the world to assess internal fraud, corruption risks and external fraud,” said Sudan’s Al-Oula Center for Accounting Studies Director Adelah Mohammed Al-Tayeb.

The US Chamber of Commerce, during negotiations with Sudan in October, said that the implementation of the anti-corruption program will be the basis for trade between both private sectors and is vital for lifting sanctions.

The Center for International Private Enterprise (CIPE) oversees the anti-corruption program, as the US aims to ensure that the program is built in every country where it has commercial interests thereby ensuring that its trade partners have the ability to fight and prevent corruption.

Tayeb pointed out that the first phase of the program in Sudan will include the implementation of a technical survey of all employees in Sudanese companies and jobs listed in official state records.

The survey will cover 250 companies.

Sudanese banking sources said that most fraud risks and crimes, especially those which are financial, can be traced back to employees.

The risk of financial fraud is only possible through the falsification of documents, checks, counterfeiting, burglary and systems penetration to obtain the passwords of customer accounts.

“The concept of corruption is not limited to acts such as fraud and embezzlement. But greater efforts must be made to combat other forms of corruption, such as exploitation of status, conflict of interest, or financing private projects from public funds," said the journalist.

Head of the anti-corruption agency in Sudan, Al-Tayeb Mukhtar said that his country is currently preparing to complete the anti-corruption plan, which was approved by the Sudanese parliament several years ago.

One of the first steps in the fight against corruption in Sudan is establishing independent police prosecution.

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EU Needs Rare Earths Strategic Reserves against China Threat

File photo: A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Picture taken July 16, 2011. (Reuters)
File photo: A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Picture taken July 16, 2011. (Reuters)
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EU Needs Rare Earths Strategic Reserves against China Threat

File photo: A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Picture taken July 16, 2011. (Reuters)
File photo: A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Picture taken July 16, 2011. (Reuters)

European Union countries should create joint reserves of rare earths to prevent supply chain disruptions and economic blackmail from China, the EU's Commissioner for Industrial Strategy, Stephane Sejourne, told the Handelsblatt newspaper.

Sejourne also said he would launch further tenders this year to promote alternative raw material sources, the German newspaper said.

"All European countries today have strategic reserves for oil and gas. We should do the same for strategic raw materials," Sejourne was quoted as saying on Monday.

The European Union in June announced 13 new raw material projects outside the bloc to increase its supplies of metals and minerals essential to its competitiveness in the energy transition as well as defense and aerospace.

The announcement followed China's decision in April to impose export curbs on rare earth magnets until new licenses are obtained, leaving diplomats, carmakers and other companies from Europe and elsewhere scrambling to secure meetings with Beijing officials and avert factory shutdowns.

Sejourne also warned Beijing that the EU has the tools to defend itself in a potential trade war. "Europe must finally use the same weapons as its competitors," he said.

China in June said it attached great importance to the EU's concerns and would look into speeding up the approval process to ship rare earth exports to the EU.