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.
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

Video In US, Columbus Day Still Generates Controversy

Holiday marks date Columbus discovered Americas, but some are offended by legacy because he enslaved many natives he encountered More

Video Through Sports, Austria Tries to Give Migrants Traction

With 85,000 people expected to claim asylum in Austria this year, its government has made integration through joint physical activities a key objective More

Video Kickboxing Champion Shares Sport With Young Migrants

Pouring into Europe by hundreds of thousands, some migrants, especially youngsters, are finding sports a way to integrate into new host countries More

This forum has been closed.
Comment Sorting
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.
Amnesty Accuses Saudi Coalition of ‘War Crimes’ in Yemeni
Henry Ridgwell
October 12, 2015 4:03 PM
The human rights group Amnesty International has accused the Saudi-led coalition of war crimes in airstrikes against Houthi rebels in Yemen. Henry Ridgwell reports the group says hundreds of civilians have been killed in strikes on residential areas.

Video Amnesty Accuses Saudi Coalition of ‘War Crimes’ in Yemen

The human rights group Amnesty International has accused the Saudi-led coalition of war crimes in airstrikes against Houthi rebels in Yemen. Henry Ridgwell reports the group says hundreds of civilians have been killed in strikes on residential areas.

Video No Resolution in Sight to US House Speaker Drama

Uncertainty grips the U.S. Congress, where no consensus replacement has emerged to succeed Republican House Speaker John Boehner after his surprise resignation announcement. Half of Congress is effectively leaderless weeks before America risks defaulting on its national debt and enduring another partial government shutdown.

Video New Art Exhibit Focuses on Hope

Out of struggle and despair often comes hope. That idea is behind a new art exhibit at the American Visionary Art Museum in Baltimore, Maryland. "The Big Hope Show" features 25 artists, some of whom overcame trauma and loss. VOA’s Deborah Block reports.

Video Columbus Day Still Generates Controversy as US Holiday

The second Monday of October is Columbus Day in the United States, honoring explorer Christopher Columbus and his discovery of the Americas. The achievement is a source of pride for many, but for some the holiday is marked by controversy. Adrianna Zhang has more.

Video Anger Simmers as Turks Begin to Bury Blast Victims

The Turkish army carried out new air strikes on Kurdistan Workers Party (PKK) targets on Sunday, a day after the banned group announced a unilateral cease fire. The air raids apparently are in retaliation for the Saturday bombing in Turkey's capital Ankara that killed at least 95 people and wounded more than 200 others. But as Zlatica Hoke reports, there are suspicions that Islamic State is involved.

Video Bombings a Sign of Turkey’s Deep Troubles

Turkey has begun a three-day period of mourning following Saturday’s bomb attacks in the capital, Ankara, that killed nearly 100 people. With contentious parliamentary elections three weeks away, the attacks highlight the challenges Turkey is facing as it struggles with ethnic friction, an ongoing migrant crisis, and growing tensions with Russia. VOA Europe correspondent Luis Ramirez reports.

Video Afghanistan’s Progress Aided by US Academic Center

Recent combat in Afghanistan has shifted world attention back to the central Asian nation’s continuing civil war and economic challenges. But, while there are many vexing problems facing Afghanistan’s government and people, a group of academics in Omaha, Nebraska has kept a strong faith in the nation’s future through programs to improve education. VOA’s Greg Flakus has more from Omaha, Nebraska.

Video House Republicans in Chaos as Speaker Favorite Withdraws

The Republican widely expected to become the next speaker of the House of Representatives shocked his colleagues Thursday by announcing he was withdrawing his candidacy. The decision by Majority Leader Kevin McCarthy means the race to succeed retiring Speaker John Boehner is now wide open. VOA National Correspondent Jim Malone reports.

Video German, US Officials Investigate Volkswagen

German officials have taken steps to restore some of the reputation their car industry has lost after a recent Volkswagen diesel emissions scandal. Authorities have searched Volkswagen headquarters and other locations in an effort to identify the culprits in the creation of software that helps cheat on emission tests. Meanwhile, a group of lawmakers in Washington held a hearing to get to the bottom of the cheating strategy that was first discovered in the United States. Zlatica Hoke reports.

Video Why Are Gun Laws So Hard for Congress to Tackle?

Since taking office, President Barack Obama has spoken out or issued statements about 15 mass shootings. The most recent shooting, in which 10 people were killed at a community college, sparked outrage over the nation's gun laws. But changing those laws isn't as easy as many think. VOA's Carolyn Presutti reports.

Video In 'He Named Me Malala,' Guggenheim Finds Normal in Extraordinary

Davis Guggenheim’s documentary "He Named Me Malala" offers a probing look into the life of 18-year-old Malala Yousafsai, the Pakistani teenager who, in 2012, was shot in the head by the Taliban for standing up for her right to education in her hometown in Pakistan's Swat Valley. Guggenheim shows how, since then, Malala has become a symbol not as a victim of brutal violence, but as an advocate for girls’ education throughout the world. VOA’s Penelope Poulou has more.

Video Paintable Solar Cells May Someday Replace Silicon-Based Panels

Solar panels today are still factory-manufactured, with the use of some highly toxic substances such as cadmium chloride. But a researcher at St. Mary’s College, Maryland, says we are close to being able to create solar panels by painting them on a suitable surface, using nontoxic solutions. VOA’s George Putic reports.

VOA Blogs