News / Africa

Economic Conference a Lesson for South Sudan, says Official

South Sudan's President Salva Kiir addresses 66th United Nations General Assembly, New York, September 2011 (file photo). South Sudan's President Salva Kiir addresses 66th United Nations General Assembly, New York, September 2011 (file photo).
x
South Sudan's President Salva Kiir addresses 66th United Nations General Assembly, New York, September 2011 (file photo).
South Sudan's President Salva Kiir addresses 66th United Nations General Assembly, New York, September 2011 (file photo).
TEXT SIZE - +
Peter Clottey

This is Part Three of a six-part series on African Investment
Continue to Parts:     1 / 24 / 5 / 6

An economic adviser to South Sudan President Salva Kiir says the recent conference of the New York Forum Africa provided a learning platform that would help Africa’s newest nation formulate policies to attract investors.

Aggrey Tisa Sabuni, who led the South Sudan delegation to the conference, said Juba highly values the three-day meeting held in early June in the Gabonese capital, Libreville.

Learning through the experiences of others, he said, is the easiest and fastest for the country to move forward. “Interacting with government delegations as well as chief executive officers of various companies,” he explained, “facilitates and enables South Sudan to know how things are done globally,” said Sabuni.

The forum brought together international investors and African business leaders in an effort to foster partnerships. Organizers say the forum created an environment in which leaders from different sectors and industry experts could consider new ideas for promoting growth.

Observers said the gathering lived up to its billing as one of the largest gatherings for economic, business, and political leaders looking for new investment opportunities in Africa.

Sabuni said “South Sudan should start from where the rest of Africa is [today] -- and not to start 50 or 60 years [behind]” because of the decades spent fighting the Republic of Sudan for independence. “[At the forum] we got exposed [to new ideas and the lessons on development from other countries], and exposure is a very key issue,” said Sabuni.

The East African Community (EAC) is expected to decide later this year whether to accept South Sudan’s request to join the sub-regional group.

Sabuni underscored the importance of its application.

“At a global level South Sudan will be able to be pulled up by the [boot] straps by the East African Community nations,” continued Sabuni. “[The EAC’s] legislative framework, its infrastructure, its way of managing the economy, banking, the macroeconomic aspects, which we are still in the process of establishing or instituting, will be fast tracked…. So there is quite a lot that South Sudan is expected to learn from its neighbors.” 

Some South Sudanese have expressed concern that ongoing tension with neighboring Sudan is creating instability and preventing much-needed investments needed to develop.

Sabuni concurs but adds that South Sudan is working with international partners to resolve its disagreements with its northern neighbor. He admitted Juba needs to do more to attract foreign investors.

“When we started our legal framework, our institutions, our capacity issues were awfully deficient,” Sabuni said.

“Now, in terms of investment, recently the Minister of Commerce, Industry and Investment was able to put in place what we call a one-stop shop center. This was just accomplished early this year…this is the required legal framework establishing the appropriate environment for doing business, being able to register a company within a period not exceeding seven days. These are the things we are trying to put in place.”

South Sudan shut down its oil production over disagreements with Sudan. Sabuni said the government is implementing policies to ensure the country doesn’t rely too much on the natural resource.         
         
 “The shutdown of oil production in a way I think is a blessing, because it has enabled the leadership to focus on diversification of the economy with agriculture as the leading sector,” said Sabuni.

He said the government is working closely with its neighbors in the region to help it find alternative ways of exporting oil if the government decides to resume production.

Sabuni expressed hope talks between South Sudan and Sudan will help ease tensions and resolve outstanding issues.
Clottey interview with Aggrey Tisa Sabuni adviser to South Sudan president
Clottey interview with Aggrey Tisa Sabuni adviser to South Sudan presidenti
|| 0:00:00
...
 
🔇
X

You May Like

Algerians Vote in Presidential Election

There were few media reports of protests and clashes around the country, but so far no significant violence More

Sharks More Evolved than Previously Thought

The discovery could “profoundly affect our understanding of evolutionary history” More

Pakistan Military Asked to Protect Polio Workers

Request comes as authorities say a Taliban ban on vaccinations in 2012 and deadly attacks on anti-polio teams have prevented thousands of children from getting inoculated More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid