Sudan Starts 2021 With 500% Increase in Electricity Prices

Sudan's Prime Minister Abdalla Hamdok and German Chancellor Angela Merkel (not pictured) address the media at the Chancellery in Berlin, Germany, on February 14, 2020. REUTERS/Hannibal Hanschke/File Photo
Sudan's Prime Minister Abdalla Hamdok and German Chancellor Angela Merkel (not pictured) address the media at the Chancellery in Berlin, Germany, on February 14, 2020. REUTERS/Hannibal Hanschke/File Photo
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Sudan Starts 2021 With 500% Increase in Electricity Prices

Sudan's Prime Minister Abdalla Hamdok and German Chancellor Angela Merkel (not pictured) address the media at the Chancellery in Berlin, Germany, on February 14, 2020. REUTERS/Hannibal Hanschke/File Photo
Sudan's Prime Minister Abdalla Hamdok and German Chancellor Angela Merkel (not pictured) address the media at the Chancellery in Berlin, Germany, on February 14, 2020. REUTERS/Hannibal Hanschke/File Photo

The Sudanese people have welcomed the new year with increased prices of electricity for the residential and industrial sectors, despite the government’s pledges to maintain the subsidies for electricity in the budget of 2021.

The budget, however, is expected to negatively impact the economic and social conditions.

The increases surpassed the 500 percent for the residential sector, and the price of kilowatt rose from 80 piasters to SGD6.35. As for the industrial sector, the price for one kilowatt rose to SGD10.

On the occasion of the country's Independence Day, Sudanese Prime Minister Abdalla Hamdok pledged to find solutions to the economic crises, signaling major and strategic breakthroughs in the economic file after removing the country from the US State Sponsors of Terrorism list.

During ongoing talks regarding the budget, the parties of Sudan's ruling political coalition asserted that no increases will be imposed on the subsidized services and goods, which include fuels, electricity wheat, medicine, and cooking gas.

The transitional government in Sudan has been imposing strict economic measures, since August 2019, starting from decontrolling fuel prices which aggravated the living condition.

Economist Kamal Karrar commented on this, saying that the increase in electricity bills by such a huge amount represents an additional burden that citizens, especially those with low-income, are obliged to bear.

This will have repercussions on various industrial and productive sectors in the country, Karrar added.



E-commerce Giant Alibaba Has Completed 3-year 'Rectification' Period

Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters
Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters
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E-commerce Giant Alibaba Has Completed 3-year 'Rectification' Period

Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters
Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters

China's State Administration of Market Regulation issued a statement on Friday saying Alibaba Group had completed three years "rectification" following a fine levied in 2021 for monopolistic behavior.
In 2021, the regulator slapped a record $2.75 billion fine on the e-commerce giant for abusing its market position by forcing merchants on its platforms not to work with rival platforms.
The regulator's statement said Alibaba's rectification work had achieved "good results" and that it would continue to "guide" Alibaba to continue to "regulate its operations and improve its compliance and quality."
The fine levied on Alibaba in 2021 came during a period of intense scrutiny for the business empire founded by billionaire Jack Ma, Reuters reported. A $37 billion IPO by the finance arm he founded, Ant Group, was also scuttled following Ma's public critique of the country's regulatory system in late 2020.
Alibaba, in its own statement, described the regulator's announcement on Friday as a "new starting point for development" and said it would continue to "promote the healthy development of the platform economy and create more value for society."