The Central Bank of Sudan launched an electronic system for capital flows on Wednesday, marking a symbolic break with decades of paper-bound bureaucracy.
The bank said the digital portal now governs all foreign investment transactions, replacing manual processes that long slowed the country’s financial machinery.
Officials described the platform as central to a broader push to modernize banking and tighten oversight of money entering and leaving Sudan.
The system digitizes procedures for foreign investors, offering an integrated environment to register and monitor investments as they cross borders electronically.
It tracks the full lifecycle of capital, from initial registration through profit transfers, loan movements, and eventual repatriation abroad.
Every step must comply with regulations set by the Central Bank, according to Wednesday’s statement announcing the rollout.
The initiative also creates a centralized database, giving regulators direct access to investor records and sector-by-sector investment breakdowns.
That database will map financial flows by economic sector and country of origin, the bank said, aiming to sharpen transparency.
Officials framed the change as a shift from opaque paperwork toward a searchable, real-time record of Sudan’s foreign capital movements.
Ahead of the launch, the Central Bank trained commercial bank staff extensively on the system’s components and operating procedures.
The training was designed to ensure smooth implementation and accurate performance once the platform went live nationwide, the statement said.
The move arrives as Sudan’s economy remains under severe strain, with the pound sliding and fuel shortages gripping several regions.
Analysts say digital financial infrastructure could help stabilize investor confidence, though implementation challenges remain amid ongoing instability.
The Central Bank did not specify a timeline for full nationwide integration across all commercial banking institutions.
