Sudan flooding kills at least 132 as dam collapse wipes out scores of villages


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At least 132 people have died in flooding caused by heavy rain this month in northern Sudan, authorities have said.

The collapse of a dam this week in eastern Sudan unleashed flash floods that inundated and damaged scores of villages, adding to the death toll.

On Monday, the UN said at least 20 villages were wiped out and at least 30 people died when the Arbaat Dam, north of the city of Port Sudan on the Red Sea, collapsed under pressure from surging water, following heavy rains.

Flooding adds to the woes of Sudan, which has been torn apart by civil war for the past 16 months.

“The area is unrecognisable. The electricity and water pipes are destroyed,” Omar Eissa Haroun, head of the water authority for Red Sea state, told his staff in a WhatsApp message, reported Reuters.

Between 150 and 200 people are missing, Reuters said.

The homes of about 50,000 people west of the dam were affected by the flooding, the UN said, citing local authorities. However, it said the true figure is likely higher, as areas east of the dam were inaccessible due to flooding.

Arbaat Dam was the main source of water for Port Sudan, the temporary seat of Sudan's government and location of the country's main Red Sea port and international airport.

Flooding in Tangasi in eastern Sudan's Meroe province. Authorities say 10 provinces have been affected. AFP
Flooding in Tangasi in eastern Sudan's Meroe province. Authorities say 10 provinces have been affected. AFP

Late on Monday, authorities said 10 provinces have been affected by flooding this month, causing the collapse of 12,240 homes and partially damaging 11,472 others.

At least 118,000 people have been displaced by the rains this year, according to UN agencies.

Deadly flooding is common in Sudan between the months of July and October when parts of the country are hit by heavy rainfall. The Blue Nile and White Nile also overflow during that time of year too, causing floods.

Most damage comes from the Blue Nile, which thunders down into Sudan from the Ethiopian Highlands. The Blue Nile and White Nile meet in Sudan's capital Khartoum.

The civil war in Sudan has pitted the army against the Rapid Support Forces paramilitary group. Tens of thousands of people have been killed in the fighting and more than 10 million displaced, of whom two million have crossed into neighbouring countries.

More than half of Sudan's estimated 50 million people are facing acute hunger, with famine declared this month at a large displacement camp in the western Darfur region. A cholera outbreak this month has killed dozens of people.

Agreement was reached this month at peace talks in Geneva for two corridors to be used for the delivery of humanitarian aid. Negotiations featured the UAE, the US, Saudi Arabia, Egypt, Switzerland, the UN and the African Union.

However, the talks, which were boycotted by Sudan's military, made little headway towards achieving a ceasefire.

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Al Shafie Ahmed reported from Kampala, Uganda.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

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“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: August 28, 2024, 3:42 AM