News / Africa

South Sudan Woos Investors at Conference

FILE - An oil processing facility is seen at an oilfield in Unity State, South Sudan, April 22, 2012.FILE - An oil processing facility is seen at an oilfield in Unity State, South Sudan, April 22, 2012.
x
FILE - An oil processing facility is seen at an oilfield in Unity State, South Sudan, April 22, 2012.
FILE - An oil processing facility is seen at an oilfield in Unity State, South Sudan, April 22, 2012.
Charlton Doki
South Sudan President Salva Kiir declared the world's newest country open for business in a speech to kick off an international investment conference in Juba Wednesday.

"God has blessed us and endowed our young country with vast resources in terms of fertile lands, forests, water resources, minerals and petroleum resources... Those who wait too long may miss the vast investment opportunities that our country offers," he told the conference, which the organizers say has brought more than 800 delegates from some 50 countries to Juba.

U.S. Special Envoy for Sudan and South Sudan Donald Booth called on the government to enact legislation that enhances protection for foreign and domestic investors.

“A formally adopted land act would allow investors access to land and secure land tenure, and I think that’s what I have heard from many investors is absolutely crucial," Booth said.

"A framework for public-private partnerships would also allow the government and investors to maximize returns on private money and leverage economic growth,” the U.S. official added.

Booth urged investors to take advantage of the fact that South Sudan this year became eligible for the Africa Growth and Opportunity Act (AGOA), which allows African countries to export goods to U.S. markets 

The South Sudanese National Assembly is looking at draft laws on land rights, microfinance, and trademarks, among others, all of which would make for a more attractive investment environment. 

But the head of the United Nations mission in South Sudan, Hilde Johnson, said passing laws was not enough to draw investors to South Sudan; officials also have to enforce the laws.

“Rules need to be abided with, also in practice," Johnson said, urging the government to make "sure that the justice sector works.”

South Sudan hopes to attract investors to six key areas -- agriculture, health, infrastructure, mining, petroleum, and tourism -- to boost the country's economy, create jobs, and eradicate poverty.

You May Like

Philippines, Muslim Rebels Try to Salvage Peace Pact

Peace process faces major setback after botched military operation to find terrorists results in bloody gunbattle between government forces, Moro Islamic Liberation Front fighters More

Republicans Expect Long, Expensive Presidential Battle

Political strategist says eventual winner will be one who can put together strongest coalition of various conservative groups that make up Republican Party More

Video New Wheelchair Is Easier to Use, Increases Mobility

Engineers have come up with a lever-operated design that makes use of easily accessible bicycle technology More

This forum has been closed.
Comment Sorting
Comments
     
by: David Rudnick from: Los Angeles, CA
December 21, 2013 2:09 AM
To my brothers and sisters in Southern Sudan,

God has truly Blessed you with an amazing and beautiful country. Please be sure to protect it against the oil sharks and be sure to put protective measures in place for the environment and the local people as well. A tax that benefits education will give your country international applause.
God Bless
-FDR

by: lwanga charles from: Kampala Uganda
December 05, 2013 1:50 AM
South Sudan has been so backward interms of economic development. i think that issue will help the country to experience some economic reforms since it is gifted by oil.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Liberia's Almost Last Ebola Patient Grateful but Still Grievingi
X
Benno Muchler
March 26, 2015 3:41 PM
Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Liberia's Almost Last Ebola Patient Grateful but Still Grieving

Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Cambodian Land Grabs Threaten Traditional Communities

Indigenous communities in Cambodia's Ratanakiri province say the government’s economic land concession policy is taking away their land and traditional way of life, making many fear that their identity will soon be lost. Local authorities, though, have denied this is the case. VOA's Say Mony went to investigate and filed this report, narrated by Colin Lovett.
Video

Video US, South Korea Conduct Joint Military Exercises

The Eighth U.S. Army Division and the Eighth Republic of Korea Mechanized Infantry Division put on a well orchestrated show of force for the media this week during their joint military training exercises in South Korea. VOA’s Seoul correspondent Brian Padden was there and reports the soldiers were well disciplined both in conducting a complex live fire exercise and in staying on message with the press.
Video

Video Space Program Status Disappoints 'Last Man on the Moon'

One of the films that drew big crowds last week at the annual South by Southwest festival in Austin, Texas, tells the story of the last human being to stand on the moon, U.S. astronaut Eugene Cernan. It has been 42 years since Cernan returned from the moon and he laments that no one else has gone there since. VOA’s Greg Flakus reports.
Video

Video Young Filmmakers Shine Spotlight on Giving Back

A group of student filmmakers from across the United States joined President Barack Obama at the White House this month for the second annual White House Student Film Festival. Fifteen short films were officially selected from more than 1,500 entries by students aged 6 through 18. The filmmakers and their families then joined the president and a group of celebrities for a screening of their films. VOA’s Julie Taboh reports.
Video

Video VOA Exclusive: Interview with Afghan President Ashraf Ghani

Afghan President Ashraf Ghani, during his first visit as president to Washington, gave a one-on-one interview with VOA Afghan Service reporter Said Suleiman Ashna, about his request for a change in U.S. troop levels, the threat from the Islamic State, and repairing relations with the United States and Pakistan. The interview was held at Blair House, late Sunday, in Pashto.
Video

Video California Science Center Tells Story of Dead Sea Scrolls

The ancient manuscripts were uncovered in the mid-20th century, and they are still yielding clues about life and religious beliefs in ancient Israel. As VOA's Mike O'Sullivan reports, an exhibit in Los Angeles shows how modern science is bringing the history of these ancient documents to life.
Video

Video Angelina Jolie Takes Another Bold Step

Hollywood actress and filmmaker Angelina Jolie has revealed she had her ovaries and fallopian tubes removed to lower her odds of getting cancer. Doctors say the huge publicity over her decision will help raise awareness about the importance of cancer screening. VOA’s George Putic has more

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More