In October 2017, the US government decided to lift the OFAC sanctions as it recognizes the positive actions taken by the Sudanese government to maintain cooperation with the United States on counter-terrorism efforts.
In 1997, the United States imposed sanctions against Sudan in response to their government actions regarding national security. Those sanctions were established and managed by the Office of Foreign Assets Control, an agency part of the US Treasury Department. These Sudanese Sanctions Regulations imposed and enforced an extensive trade embargo that essentially prohibited US persons from doing business with Sudan.
The announcement of the US government regarding the revocation of the Sudanese Sanctions Regulations for 223 companies is synonymous of new opportunities as it will open Sudan to additional foreign trade. Middle East and China have been Sudan main trade partners during the sanctions' application. Nowadays, Sudan hopes to see an influx of foreign trade, as well as more US companies entering the market. While restrictions remain on certain exports, other industries such as Mining, Oil & Gas and Aid & Relief will experience significant growth in the coming months now that trades have been liberalized.
In this context, Bolloré Logistics is recognized for its high logistics expertise as it is implanted in Sudan since 1977 and shall much benefit from this recent opening to foreign trade. Our local team, composed of 93 employees in four sites provide services such as inventory management, Warehouse Management System, order preparation and secured storage. With two warehouses, representing a total storage capacity of 16,990 sqm, in Jabra and Zain, Bolloré Logistics strengthens its implementation to offer a qualified logistics expertise in Sudan. Those capabilities link to the high skilled employees allowed Bolloré Logistics in Sudan to establish long term partnerships with major players in the telecom, aid & relief and FMCG industries despite the US embargo. The end of the OFAC sanctions implies that Bolloré Logistics Sudan will be able to apply its projects management know-how for Mining and Oil & Gas industries and offer appropriate services to the new companies entering the Sudanese market. This is the opportunity to consolidate our logistics and services experience while engaging in new businesses.
Our team in Sudan remain available to share their local expertise regarding all inquiries for an implantation of new businesses in the country.