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Sudan Central Bank Raises Microfinance Ceilings, Bans Accounts of 157 Exporters
Source: Sudan Tribune
Sudan’s central bank raised microfinance lending limits on Monday and banned 157 companies from banking activities for failing to repatriate export earnings, the state news agency SUNA reported.
The central bank lifted the limit on microfinance loans to 4 million Sudanese pounds ($6,844) from 1.5 million pounds for productive sectors, and to 2 million pounds from 750,000 pounds for services, trade, and household sectors. The move aims to boost financial inclusion and support small businesses.
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