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

Ukraine Purges Interior Ministry Leadership With Pro-Russian Ties

Interior Minister Avakov says 91 people 'in positions of leadership' have been fired, including 8 generals found to have links to past pro-Moscow governments More

US Airlines Point to Additional Problems of any Ebola Travel Ban

Airline officials note that even under travel ban, they may not be able to determine where passenger set out from, as there are no direct flights from Liberia, Guinea or Sierra Leone More

Nigerian President to Seek Another Term

Goodluck Jonathan has faced intense criticism for failing to stop Boko Haram militants 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.
Talks to Resume on Winter Gas for Ukrainei
X
Al Pessin
October 25, 2014 4:21 PM
Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Talks to Resume on Winter Gas for Ukraine

Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.

All About America

AppleAndroid