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
TT

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.



GAIN Summit in Riyadh to Showcase Global Experiences on AI Use in Supporting Business Leaders

GAIN Summit in Riyadh to Showcase Global Experiences on AI Use in Supporting Business Leaders
TT

GAIN Summit in Riyadh to Showcase Global Experiences on AI Use in Supporting Business Leaders

GAIN Summit in Riyadh to Showcase Global Experiences on AI Use in Supporting Business Leaders

The third edition of the Global AI (GAIN) Summit, organized by the Saudi Data and AI Authority (SDAIA) will be held in Riyadh on September 10-12.

The summit will showcase the global experiences in the field of artificial intelligence technologies, including those that focus on the importance of business leaders' understanding of rapidly developing AI technologies, and reflecting on how to increase production driven by strategic decision-making.

The deliberations of over 300 speakers, including experts, specialists, and decision-makers from 100 countries will present business leaders and those interested in the field of data and AI with promising options and opportunities to benefit from the technologies.

The speakers will deliberate on the most effective methods of utilizing AI to make strategic decisions, support responsible leadership, analyze the extent of the impact of AI on the growth of business activities and productivity, and motivate employees within an attractive work environment that meets the aspirations of business leaders.

The summit will underscore the importance of senior leaders and policymakers in making strategic decisions, determining the scope and directions of work, and achieving a competitive advantage for business. These decisions are guided by organizational policies, available resources, future plans, and other decisions based on AI.

According to a study by PricewaterhouseCoopers, productivity growth and improvement of manufacturing processes were five times faster when AI was used to adjust processes, identify shortcomings, and reduce waste and errors.

Predictive maintenance can also reduce downtime and speed up the pace of production, allowing the plant to increase production with the same or fewer inputs.