South Sudan has unveiled measures aimed at attracting investment.
According to the minister of trade and investment, the cabinet has authorized several key investment policies and projects, and he has invited investors from the region to come and invest in South Sudan.
Dhieu Mathok Diing, Minister of Investment, said that his ministry has re-established the five investment directorates, which include administration and finance, research and planning, investment promotion, and investment service.
“In order for us to work in harmony and coordinate with our colleagues undertaking investment at the state level, we have created a state affairs department in the national ministry of investment called ‘state affairs’ to deal with investment operations at the state level. So this is the new thing,” said Minister Mathok.
He also said that the ministry has a three-year work plan in place to accomplish the aforementioned projects and activities. Oil and gas, agriculture, and mining are among the major investment industries of South Sudan.
The investment ministry also said that they are working on relaunching the investment corner program on national television (SSBC) to investigate opportunities to attract both private and public investors, as well as plans to construct an investment tower.
Minister Mathok said that a lack of peace will damage investment in South Sudan and urged the country’s youth to avoid fighting in order to create a favorable environment for investors.
“Stop thinking about difficulties, stop thinking about conflict, and stop worrying about the government collapsing because instability does not go hand in hand with investment.” The idea that weapons are being moved about the city, men in uniform are being moved around, and military tanks are being moved around may be very scary to investors who want to invest in the country,” he stressed.
According to the Investment Ministry, the majority of investors have expressed a willingness to invest in South Sudan but have been disappointed by the country’s insecurity.