Sudan's Prime Minister resigns after mass protests
January 3, 2022, 6:47 am

Sudan's Prime Minister resigns after mass protests

Sudan Prime Minister Abdalla Hamdok-Abdalla Hamdok official Facebook page

The BBC reported Sudan's Prime Minister Abdalla Hamdok has resigned after another day of mass protests rocked the capital Khartoum.

Thousands marched against a recent deal he had done to share power with the army, who staged a coup in October.

Chanting "power to the people", protesters called for a return to full civilian rule. But military forces staged another violent crackdown, leaving two people dead.

Mr Hamdok's decision to quit leaves the army in full control.

It is another blow to Sudan's fragile attempts at a transition to democratic rule after a popular uprising led to the overthrow of Sudan's long-term authoritarian President Omar al-Bashir in 2019.

In a televised address, Mr Hamdok said the country was at a "dangerous turning point that threatens its whole survival".

He said he had tried his best to stop the country from "sliding towards disaster", but that "despite everything that has been done to reach a consensus... it has not happened".

Mass demonstrations demanding civilian rule start in Sudan

Civilian and military leaders had made an uneasy power-sharing agreement after the army staged a coup on 25 October and initially placed Prime Minister Hamdok under house arrest.

Under the agreement reached with Mr Hamdok in November, the reinstated prime minister was supposed to lead a cabinet of technocrats until elections were held. But it was unclear how much power the new civilian government would have, and protesters said they did not trust the military.

Sudan declares curfew in North Darfur State to curb widespread lootings

Thousands of people were on the streets of the capital Khartoum and the city of Omdurman on Sunday, chanting and calling on the military to leave politics alone.

On social media, activists have said 2022 will be "the year of the continuation of the resistance".

Sudan asks to investigate rape allegations against female protesters

More than 50 people have been killed at protests since the coup, including at least two on Sunday, according to the pro-democracy Sudan Central Doctors' Committee.

Coup leader Gen Abdel Fattah al-Burhan has defended last October's coup, saying the army had acted to prevent a civil war that was threatening to erupt. He says Sudan is still committed to the transition to civilian rule, with elections planned for July 2023.

Source: BBC

South African President promises deep investigation into parliament fire U.S. Secretary of Defense tests positive for COVID-19

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.