News / Africa

Investment Conference Sparks Interest in South Sudan

People pass by the Ministry of Petroleum and Mining in Juba, November 7, 2012.People pass by the Ministry of Petroleum and Mining in Juba, November 7, 2012.
x
People pass by the Ministry of Petroleum and Mining in Juba, November 7, 2012.
People pass by the Ministry of Petroleum and Mining in Juba, November 7, 2012.
Mugume Davis Rwakaringi
Around 50 companies registered with the government of South Sudan after last week's investment conference in Juba, taking what officials call a key first step toward doing business with the world's newest nation.

Other investors showed keen interest in doing business with South Sudan, including Elam Mohamed of the Pannell Kerr Forster international business advising firm.

“We can bring investors here with funds to invest and, certainly when I go back, I will submit a report. It will be a positive report in any case and I am sure that I can convince a lot of investors to come, especially in agribusiness, in energy, telecom sector and big projects in infrastructure,” he said.

South Sudan emphasized six priority areas of investment at the conference – agriculture, health, infrastructure, mining, petroleum and tourism.

Robert Moroz, managing director of U.S.-based financial advisers Prime Africa Group, said the company, which already does business in other African countries, is eager to tap into the South Sudanese market but has had trouble getting information about available opportunities.

“I can tell you that, with the priority sectors that have been outlined, I can see a lot of opportunities here and I encourage other investors to come in and take advantage of these opportunities because they are not going to last forever,” he said.

Deputy Finance Minister Mary Jervas Yak said officials listened to attendees and took on board how to improve the investment climate in South Sudan.

“One of the investors talked about the constraints that he faced and one of them was access to hard currency to be able to import raw materials," she said.

Yak says she plans to meet with Central Bank officials to discuss how to fix the problem.

She also said she fully expects the conference will pay off for South Sudan’s economy.

“We thought that people may be scared because they think that South Sudan is insecure and it may not be a conducive place for investing. But the turnout has shown that there is interest out there to invest in South Sudan,” she said.

You May Like

Lesotho Faces New Round of Violence, Political Crisis

Brutal killing of military officer has sent former leaders back into S. Africa where they're watching anxiously as regional officials head in to try to restore peace More

Video US Diplomat Expects Adoption of Bosnian Massacre Anniversary Resolution

Samantha Power says there's broad consensus about killings in Bosnia's war, but Russia calls resolution 'divisive,' backs UN countermeasure More

America's Most Exotic Presidential Pets

From alligators to bears, the White House has been home to some unusual presidential pets over the years More

This forum has been closed.
Comment Sorting
Comments
     
by: koki from: southsudan
December 14, 2013 1:48 PM
Anyway it's obvious in our that corruption is leading, but may God bless our lovely nation.

by: Akoon Madut Atem from: kwajok south Sudan
December 11, 2013 3:08 PM
This is the only way forward to help the poor and develop the new nation,but our peoples are chronically corrupted.over 50 investors registered will just be turn into something else not actually means for really investments.we shall just ask God to take away corruption in people's hearts
In Response

by: michael from: Ghana
December 13, 2013 6:45 AM
Sir, i perfectly agree with you, the corrupt ones has vended the society but will God help us to know the right people...

by: daniel manyok 1987 from: The world
December 11, 2013 5:11 AM
Nothing good for civils
That is the lives of leaders,is ik
But hopeness for the rests.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Olympics Construction Scars Sacred Korean Mountaini
X
July 02, 2015 4:10 AM
Environmentalists in South Korea are protesting a Winter Olympics construction project to build a ski slope through a 500-year-old protected forest. Brian Padden reports that although there is strong national support for hosting the 2018 Pyeongchang Winter Olympics, there are growing public concerns over the costs and possible ecological damage at the revered mountain.
Video

Video Olympics Construction Scars Sacred Korean Mountain

Environmentalists in South Korea are protesting a Winter Olympics construction project to build a ski slope through a 500-year-old protected forest. Brian Padden reports that although there is strong national support for hosting the 2018 Pyeongchang Winter Olympics, there are growing public concerns over the costs and possible ecological damage at the revered mountain.
Video

Video Xenophobia Victims in South Africa Flee Violence, Then Return

Many Malawians fled South Africa early this year after xenophobic attacks on African immigrants. But many quickly found life was no better at home and have returned to South Africa – often illegally and without jobs, and facing the tough task of having to start over. Lameck Masina and Anita Powell file from Johannesburg.
Video

Video Family of American Marine Calls for Release From Iranian Prison

As the crowd of journalists covering the Iran talks swells, so too do the opportunities for media coverage.  Hoping to catch the attention of high-level diplomats, the family of American-Iranian marine Amir Hekmati is in Vienna, pleading for his release from an Iranian prison after nearly 4 years.  VOA’s Heather Murdock reports from Vienna.
Video

Video UK Holds Terror Drill as MPs Mull Tunisia Response

After pledging a tough response to last Friday’s terror attack in Tunisia, which came just days before the 10th anniversary of the bomb attacks on London’s transport network, British security services are shifting their focus to overseas counter-terror operations. VOA's Henry Ridgwell has more.
Video

Video Obama on Cuba: This is What Change Looks Like

President Barack Obama says the United States will soon reopen its embassy in Cuba for the first time since 1961, ending a half-century of isolation. VOA White House correspondent Luis Ramirez reports.
Video

Video Hate Groups Spread Influence Via Internet

Hate groups of various kinds are using the Internet for propaganda and recruitment, and a Jewish human rights organization that monitors these groups, the Simon Wiesenthal Center, says their influence is growing. The messages are different, but the calls to hatred or violence are similar. VOA's Mike O’Sullivan reports.
Video

Video US Silica Sand Mining Surge Worries Illinois Residents, Businesses

Increased domestic U.S. oil and gas production, thanks to advances known as “fracking,” has created a boom for other industries supporting that extraction. Demand for silica sand, used in fracking, could triple over the next five years. In the Midwest state of Illinois, people living near the mines are worried about how increased silica sand mining will affect their businesses and their health. VOA’s Kane Farabaugh has more in this first of a series of reports.
Video

Video Blind Somali Journalist Defies Odds in Mogadishu

Despite improving security in the last few years, Somalia remains one of the most dangerous countries to be a journalist – even more so for someone who cannot see. Abdulaziz Billow has the story of journalist Abdifatah Hassan Kalgacal, who has been reporting from the Somali capital for the last decade despite being blind.
Video

Video Texas Defies Same-Sex Marriage Ruling

Texas state officials have criticized the US Supreme Court decision giving same-sex couples the right to marry nationwide. The attorney general of Texas says last week's decision did not overrule constitutional "rights of religious liberty," and therefore officials performing wedding services can refuse to perform them for same-sex couples if it is against their religious beliefs. Zlatica Hoke reports on the controversy.
Video

Video Rabbi Hits Road to Heal Jewish-Muslim Relations in France

France is on high alert after last week's terrorist attack near the city Lyon, just six months after deadly Paris shootings. The attack have added new tensions to relations between French Jews and Muslims. France’s Jewish and Muslim communities also share a common heritage, though, and as far as one French rabbi is concerned, they are destined to be friends. From the Paris suburb of La Courneuve, Lisa Bryant reports about Rabbi Michel Serfaty and his friendship bus.
Video

Video Saudi Leaks Expose ‘Checkbook Diplomacy’ In Battle With Iran

Saudi Arabia’s willingness to wield its oil money on the global diplomatic stage appears to have been laid bare, after the website WikiLeaks published tens of thousands of leaked cables from Riyadh’s Ministry of Foreign Affairs. VOA's Henry Ridgwell reports.
Video

Video In Kenya, Police Said to Shoot First, Ask Questions Later

An organization that documents torture and extrajudicial killings says Kenyan police were responsible for 1,252 shooting deaths in five cities, including Nairobi, between 2009 and 2014, representing 67 percent of all gun deaths in the areas reviewed. Gabe Joselow has more from Nairobi.

VOA Blogs