Agricultural Bank: Plan to Build One Million Tons Capacity Silos

Wad Madani – Sudanhorizon
The Director General of the Sudanese Agricultural Bank, Salah Mohamed Abdel Rahim, announced the commencement of comprehensive structural reforms to enhance the bank’s operational and financial efficiency. This initiative, supported directly by the Central Bank of Sudan, has increased the bank’s capital to 171 billion Sudanese pounds, compared to approximately 15 billion pounds previously. Debt restructuring programs are also being implemented to address the bank’s financial shortfalls, thereby strengthening its capacity to fulfill its developmental role. Efforts are also underway to provide necessary resources and improve the working environment.
The Director General stated that the Agricultural Bank has launched a large-scale financing program targeting both collective and individual agricultural projects.
He said this programme is founded on a strategic vision to boost production during the upcoming agricultural season, focusing on supporting cash crops and diversifying the crop mix, according to the Sudan News Agency.
The Director announced the start of financing policies to provide essential inputs, including fuel and fertilizers (urea and DAP), to ensure the quality of agricultural operations and increase productivity.
He noted agreements with the Gezira Scheme administration to finance areas planted with strategic crops, in addition to expanding financing in the states of Sinnar, Blue Nile, and White Nile, and supporting rain-fed agriculture in Gedaref and Kassala.
The Director General pointed out that the bank’s strategy includes financing the winter season in the River Nile and Northern states as part of expanding its financing portfolio and increasing agricultural productivity nationwide. He also mentioned the bank’s plan to establish 17 grain silos with a total capacity of one million tons in cooperation with the Belarusian government, as well as developing refrigerated storage facilities in several horticultural crop-producing states, including Sinnar, Kassala, and the Northern State.
Abdel Rahim noted that the reforms extend to legal and administrative aspects through the preparation of a new legislative framework and the modernization of the organizational structure, with the introduction of specialized areas including trade finance, corporate finance, and the expansion of import and export activities, thus solidifying the bank’s position as a comprehensive development financial institution.

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