Agribusiness
Osama Daoud Abdellatif (DAL Group) becomes the first Sudanese private sector operator to obtain an AfDB loan ($75 million)

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.

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            ▪ 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.

http://www.jeuneafriquebusinessplus.com/en/803517/osama-daoud-abdellatif-dal-group-premier-operateur-prive-soudanais-a-decrocher-un-pret-bad-75-millions/

12/03/2020 at 18h15, by Aurélie Benoit, updated 13/03/2020

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.

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