Impact of Banking Finance on Economic Development of Gum Arabic Traders in North Kordofan, Sudan
[1]
Mawada Abdelrahman Abdelmajed Mohamed, Department of Banking and Finance Studies, Faculty of Economic and Commercial Studies, University of Kordofan, Elobied, Sudan.
[2]
Ibrahim Fadel Elmola Elbashir, Department of Banking and Finance Studies, College of Business Studies, Sudan University of Science and Technology, Khartoum, Sudan.
[3]
Awad Elkarim Suliman Osman Khalifa, Department of Gum Arabic Research, Institute of Gum Arabic Research & Desertification Studies, University of Kordofan, Elobeid, Sudan.
The study was conducted in Elobied Central crop market, Sheikan locality, North Kordofan, Sudan to investigate the Impact of Banking Finance on the Economic Development of Gum Arabic Traders in North Kordofan in term of income, livelihood. Moreover, the paper is intended to describe the impact of banking finance on the dynamic of Gum Arabic traders and companies in the market, beside the change of gum Arabic quantities and the improvement on the Marketinfrastructure and services during the financing periods. Primary data were collected via structured questionnaires based on stratified random sampling technique, while secondary data were collected from market records and documents. A set of research tools encompassing descriptive statistics, linear regressionand Kurskal – Wallis Test were used. The results of the study showed that the Banks provides Finance for the Gum Arabic Traders with increasing trend (R2 = 0.96). All respondent indicated that the Banking finance led to increase their income mainly the city trader received high annual income compared to the village traders with is significantly different according to Kurskal – Wallis Test (χ2 = 11.14***). Also, the majority of respondents 99%, 95%, 93%, and 90% mentioned that the income generated from Trading in Gum Arabic contribute in covering living expenses, health, schooling, and social aspects respectively. The trend with regard to of number of the Gum Arabic stakeholders and Gum Arabic quantitiesat Elobeid Central Crops Market expressed different tendencies; number of registered traders showed increasing trend (R2 = 0.79) and the number registered companies revealed slight increase (R2 = 0.57), and the trend of Gum Arabic quantities showed increasing decreasing trend (R2 = 0.02). Concerning the improvement in the Elobied Crop market, the majority of respondent 95%, 99%, and 98% reviled that the market infrastructure, market services and marketing information system was improved respectively.
Banking Finance, Gum Arabic, Trades, Economic Development, Market
[1]
Abdel Aziz Elsaid Hussien Hamad, Abdelmoneim Awadallah Babiker, Awad Elkarim Suliman Osman Khalifa, Muneer Elyas Siddig Eltahir, Abdelatief Hassan Ibrahim (2018). A Comparative Study Between tapping Acacia senegal by Sunki and Axe in West Kordofan, Sudan. American Journal of Engineering, Technology and Society. Vol. 5, No. 1, 2018, pp. 1-4.
[2]
Abdulgadir, Abdulmajid (2015), “Secretary General of the Gum Arabic Council”. Google Earth, http://news.sudanvisiondaily.com/details.html?rsnpid=219702.Accessed in July 2015.
[3]
Adam, H. E. (2011). Integration of remote sensing and GIS in studying vegetation trends and conditions in the Gum Arabic belt in North Kordofan, Sudan, Berliner Verlag, Germany, ISBN 978-3-941216-58-7.
[4]
Ballal M. E. (2011). Formulating a strategy for production, value addition and marketing of WFPs from arid and semiarid lands (ASAL) in Sudan. Report for IGAD.
[5]
Couteaudier, T. Y. (2007). Export marketing of Sudanese Gumarabic, multi donor trust fund-national, World Bank, Khartoum: http://data.worldbank.org/country/sudan Accessedon 03 June 2016.
[6]
Khalifa, AE. S. O. (2016), Socio-economic Impact of climatechange and Adaptation strategies in the Gum Arabic belt ofNorth Kordofan, Sudan. PHD thesis, Institute ofEnvironmental Studies, University of Khartoum, Sudan.
[7]
Mahmoud T. E., Abdelateif; Ibrahim, Mohamed; Taha, AwadElkarim; Khalifa, Hassan; Adam, Jürgen; Pretzsch, Eckhard; Auch, Mohamed; Elsayed, Hatim; Elamin, Osman; Adlan, Zeinab; Hamad, Muneer; Siddig, Mohamed; Elhaja; Fathi; Baldo, Asmamaw; Alemu, Elbasha; Bakhat (2016). Recent Changes in Local Marketing Patterns of Gum Arabic in Kordofan, Sudan. Journal of Agricultural Science & Engineering. ISSN: 2381-6821 (Print); ISSN: 2381-6848 (online). American Institute of Science (AIS), USA.
[8]
Mahmoud, T. E., Maruod. E. M., Khiery, El Naim, M. A., Zaied. M B. (2014). competitiveness of Gum Arabicmarketing system at El Obeid Crops Market, North KordofanState, Sudan. World Journal of Agricultural Research 2 (5): 252–256.
[9]
MFE, Ministry of Finance and Economy (2007). “Marketingof Agricultural products in North Kordofan state, currentsituation and future prospects”, North Kordofan State, Sudan.
[10]
OmPsU, Omrowaba Producrs Union (2005), “Explaining Executive Board Members of Producers Union”. Records of Forests National Corporation, Omrowaba Locailty, North Kordofan State, Sudan, pp 17.
[11]
Sara, S, A., Rabah, A., Ali H. I. & Mahmoud, T. E. (2016). Acacia seyal gums in the Sudan: A review. The seventhgraduate studies and scientific research conference, University of Khartoum, 20-23 February 2016. www.sgcac.uof k.edu
[12]
Taha, M. E., Rizig, H. A., Elamin, H. M. A., Eltahir, M. E. S. and Bekele. T. (2015). Role of non-wood forest products inwelfare of beneficiary stakeholders in Sheikan Locality, NorthKordofan State, Sudan. International Journal of Agriculture, Forestry and Fisheries. Vol. 3, No. 4, 2015, pp. 129-136.
