July 12, 2011AFRICA: Sudan Outlines Austerity Measures and New Currency
As part of a three-year economic emergency program, Sudanese President Omar al-Bashir announced a new currency and new budget austerity measures (Reuters), meant to compensate for an expected loss of oil revenues following South Sudan's secession.
The independence of South Sudan is a call for celebration but many difficult issues remain unresolved, says CFR's John Campbell. The outstanding delineation of 20 percent of the Sudan-South Sudan border and questions regarding divisions of oil revenues between the two countries must now be addressed.
Kenya: During a visit with Kenyan President Mwai Kibaki in Nairobi today, German Chancellor Angela Merkel urged the east African nation to cooperate with an investigation (DailyNation) by the International Criminal Court over 2008 post-election violence, and to complete the implementation of Kenya's new constitution.
