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Kiir lures foreign investors despite institutional weaknesses

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December 5, 2013 (JUBA)- South Sudan president Salva Kiir has urged domestic and foreign investors to take up available investment opportunities, regardless of institutional weakness and challenges of governance and insecurity in the country.

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South Sudan’s Salva Kiir speaks at the opening of the two-deday investment conference in Juba on December 4, 2013 (Photo: Larco Lomayat)

“South Sudan is ready and open to business. God has blessed us and endowed our young country with vast resources, in terms of fertile lands, forests, water resources, mineral and petroleum resources among others,” Kiir said at a cocktail party organised at the end of a two-day investment conference.

“Those who wait too long will miss the vast investment opportunities that our country offers. The time to invest in South Sudan is now, not tomorrow”, he added.

The two-day investment conference, held in the capital, Juba, showcased business and investment opportunities in South Sudan, creating a roadmap for the country’s diversification programme.

At least 600 investors, officials said, graced the forum held on the theme, “Investment for Economic Diversification and Prosperity.”

Kiir, while opening the forum a day on Wednesday, told investors that successful business was about venturing and taking a business risk, stressing that his administration was exerting efforts to create an encouraging environment for investments.

“We must work collectively to exploit these resources for the benefit of our people. I would therefore like to assure our investors that government is putting in place the necessary policies, laws and regulations in order to create an encouraging environment for both domestic and foreign investments”, said the South Sudan leader.

Several dignitaries, including the United States special envoy for the two Sudans, Donald Booth attended the investment forum, which focused on agriculture, health, mining, petroleum, tourism and infrastructure as priority sectors.

Booth, in his remarks, urged the South Sudanese leadership to put in place laws to protect domestic and foreign investors in the country.

"I think a proper framework for public-private partnerships would allow government and investors to maximize returns on private money and leverage economic growth”, he said.

He also encouraged South Sudanese investors to ensure they benefited from the US-initiated Africa Growth and Opportunity Act (AGOA), which allows African member countries to export their goods to American markets.

WHAT CITIZENS SAY

Independent observers and ordinary citizens have, however, expressed fears and doubt whether real investors would accept investing in a country with weak institutions.

“I absolutely support the president on the need to attract the attention of both foreign and domestic investors so that they complement efforts of the government. A nation is never developed by individual institutions. It is shared efforts between public and private institutions", said Dut Dau Deng, a South Sudanese businessman.

"What the government does is to create an enabling environment for investment in term of providing security and developing infrastructures like roads, power and good policies”, he added.

Deng further claimed that "political interests and interferences" have surpassed interests in the economy, which is now forgotten".

"Lack of political will to encourage an environment conducive for investment operations destroy the economy", added the businessman.

Alfred Sebit, a South Sudanese returning from the diaspora to his home state of Central Equatoria, said wealthy multinational companies with investment in the country are always held back by allegations of corruption, human right abuses and limited press freedom to promote transparency and accountability.

“I have lived in the United Kingdom for 18 years and what I found there is that business groups, especially the wealthier ones, prefer investing in countries where the media operate freely because media helps enhance transparency and accountability", said Sebit.

Another thing is an environment for investment and policies. Investors go to countries with political and economic stability, he added.

Meanwhile Tut Gatluak Pal said it was high time the government reached out to the rebel groups so that peace and development are extended to areas like Jonglei state, which needs roads for the delivery of basic services.

“I come from Ayod County in Jonglei State, which is a peaceful place but not connected to Bor and Malakal, due to lack of road network and also insecurity in the neigbouring communities, making it difficult for the government to deliver services to the people in the area”, Pal explained in an interview with Sudan Tribune.

Bol Deng, also a native of Jonglei currently in living Juba echoed Pal’s view, explaining that a large number of business group and humanitarian organizations have repeatedly complained about the deteriorating security situation in the area, saying it discourages foreign investment.

“The recent attack in Twic East justifies the fear with the foreign investors. As I am talking to you, a large number of business partners have changed their minds and destinations to other countries. I went to the United States and Australia twice this year looking for business partners but the responses I got in these trips were only fears about insecurity, especially in Jonglei”, said Deng.

But president Kiir, despite all these concerns raised, said his administration was strengthening the capacity of the ministries and the institutions to efficiently and effectively regulate and guide the development of the economy.

“Partnership with the private sector and other economic partners is important to our Government. We believe that successfully attracting investments in these sectors will have a major impact on our economy", Kiir told investors at the conference.

"Our Government is therefore open to proposals from the private sector to implement investments under the public private partnership (PPP) approach. We expect this approach to help us in dealing with major infrastructure projects", he stressed.

(ST)

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Kind regards,

The Sudan Tribune editorial team.
  • 6 December 2013 06:51, by Ayuiu Makuac Lam

    Am blaming my president Kiir of allowing Riak Machar to hold SPLM meeting with political bereau PB. Executives.

    repondre message

    • 6 December 2013 07:10, by Wicdail

      Ayuiu Makuac Lam,
      This is beyond your stupid president capability to stop a great men led by Machar from their political freedom. You have to swallowed or else. We have fat up with your stupidity get it.

      repondre message

      • 6 December 2013 07:28, by Wicdail

        International investors particularly Western investors are not stupid to invests in RSS under Kirr leaderships. They knows this in and out that Kirr’s government is too deformed to be reform while Kirr is still its leader. Kirr has got no value in the eyes of international community. So we are not just wasting times with him haha haha we all stupids under incompetence leader.

        repondre message

        • 6 December 2013 16:57, by swassy

          ONLY THOSE SO-CALLED FOREIGN INVESTORS WHO MIGHT BE BASICALLY THIEVES BUT WEARING THE COAT OF INVESTORS COMBINE HAND WITH YOU THE THIEF AND THE SYSTEM PRETEND TO COME FOR INVEATMENT.

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      • 6 December 2013 07:51, by Naath

        Wicdail.Hopeless Ayuiu Makuac Lam is talking nonesens,while the event is already underway to started,his uncle call Dr machar last night for apology but too late hopeless lock out.1988 Dr Garang call dinka Barelgazel as foolish Majority,now become true,their foolishness become reality.Hopeless kiir call for investment while foreign companies are severing for corruptoin.Good luck makuac

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        • 6 December 2013 09:25, by Mayom County Boy

          WE NEED DEVELOPMENT IN OUR COUNTRY REPUBLIC OF SOUTH SUDAN .
          THAT IS WHY PRESIDENT KIIR IS ALLOWING FOREIGN INVESTORS TO COME TO THE COUNTRY FOR INSTUTIONAL DEVELOPMENT’ THAT MAY MAKE COUNTRY TO GROW UP PEACEFULL.
          I WISH MY PRESIDENT IS WORKING HARD BUT BECAUSE IS OFFICAILS WHO ARE IN THE GOVERMENT ARE WRONG’ THAT IS WHY THE GOVERMENT IS UP SIDE DOWN A BIT !

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    • 6 December 2013 07:19, by Naath

      Makuac lam,your president is very confuse tribal man,how many foreign companies was shutdown by this primitive leader,kiir is hopeless,if your uncle attempt to boycott this event then I will not be responsible for action,please stay away,just wait for the outcome.your uncle fails to unit southern,to much killing, corruptonist,tribalism,all are your failure so stop bitching around

      repondre message

  • 6 December 2013 06:58, by Ahmado

    To KIIR
    you should think wise how can you risk life of investors? while you know very well that you have poor governance toward the country and expect them to operate while there is insecurity in the country. what is their benefit? it means what happening in the country you are behind it.

    repondre message

    • 6 December 2013 07:06, by Rami Tot

      hahahahaha poor governance Mr incompetent hahahahaha
      poor security too hahahahah weak go to hell

      repondre message

    • 6 December 2013 07:21, by Tutbol

      South Sudan must be vigilant of these foreign investors? they must be gazetted by the S Sudanese to be vetted upon by the S Sudanese of what their interests & integrity in regard to our peoples. Never trust the European, the US & their attack dog, apartheid-inspired Jewish state----they have planted in the Middle East to terrorize the innocents for the benefits of those criminals Europe, the US...

      repondre message

      • 6 December 2013 07:26, by Tutbol

        ...that think its work for the safety of every loving peoples in the world, when it only works for the rich criminals!

        repondre message

  • 6 December 2013 08:00, by Tata

    Mandela spent 27 years (> 25% of his life) in prison, ruled for 4 years and quit presidency. Why? he was a freedom not power fighter. He surrendered power to SA people to shape their country as they like.
    Hence, it is the right of Riek and allies to declare New Party and avoid the word "oust". S. Sudanese will highly appreciate rather than war, which is backward. We need a Party with clear unique

    repondre message

    • 6 December 2013 08:13, by Tata

      philosophy, vision and agenda, not copying and paste of the same SPLM words. In SS there is no political party except SPLM. The other groups are neither political party nor pressure group. They lack philosophy and vision. They deliver nothing to people while in shadow government. People are dying of hunger and natural disasters and non of them offer assistance or pay visit to the affected areas.

      repondre message

    • 6 December 2013 08:38, by Wicdail

      Tata,
      What is wrong for keeping SPLM under a different person rather than Kiir? You hopeless people you don’t even feel ashamed to quoted a great legend of all times Mr Nelson Mandela who have never let his country its people down through bad governance. if that is your argument, who suppose to quits in this case? Be rational and reasonable when comment.

      repondre message

  • 6 December 2013 08:25, by Ayuiu Makuac Lam

    Naath and Wacdail
    please, please i can make sucide if Riak Machar become president of this nation. Please your stupid candidate Riak Machar will not share power with Monyjang, how come for manority to Rule Majority.

    repondre message

    • 6 December 2013 08:44, by Wicdail

      Hahahaha inferior. What is the meaning of Monyjang/Dinka? tell me if you know what they meant.

      repondre message

    • 6 December 2013 09:42, by Naath

      That’s why slaves/jaang are using the word majority that will not help their own poor management. Dinka still hoping that they are majority than Naath, Mr makuac you are black lie, late as wait for the sensuous so that you can claim the majority at this stage no one knows who are majority mr slave. Good luck for your knockout from the top job, now you will see the really democracy in South sudan.

      repondre message

      • 6 December 2013 16:40, by Rezingving monynok

        naaath , midit and all idiotic militias mafias
        it is known through out the whole world that the only people who will put this country into problems are militias ,as you man machar trying hard to put the country into chaos but will not happen like 1991 ,you fucking fools the nation is tired of you ,be responsible ,damned militias power hunger

        repondre message

  • 6 December 2013 08:56, by Ayuiu Makuac Lam

    We the Dinkas of Bhar el Ghazal will open court against Murderer Dr. Riak Machar, Riak he killed thousand of people in Lake state particularily Akot and other parts of Rumbek central county. How come for him to rule us?

    repondre message

    • 6 December 2013 10:07, by Bentiu son

      Makuac Lam,Kiir boys carry your own cross don’t generalized Dinka Bahr el Ghazal whom most suffered a lot under painful Kiir dictatorial regime.Look,situation in Lake Sate under dictator care taker Governor Matur Chot, North BEG State under dictator Malong Awan n Western BEG under puppet Governor Zaria Hassan who sold the Greater Fartiit alive during Wau massacre this year.Enough is enough idiots

      repondre message

  • 6 December 2013 09:51, by Rami Tot

    @ Ayuiu Makuac Lam
    hahahahah take him to court if u can

    repondre message

    • 6 December 2013 18:36, by Peacocktail

      International Criminal COurt is Free from corruption and any allegation labeled against someone is taken serious by Juries. they are working to determined whose claims are right. Dinka can easily lodge massacre files against Dr. Machar and you shall see the drama. the World must not be fooled to commit atrocieties and yet move free. Big No. Justice first on Dr. Riek Macar

      repondre message

  • 6 December 2013 10:29, by siddaw

    It’s sad indeed that the investors have already been scare off over the glutonic traits of our own leaders. it’s only the Almighty God who can really help but Junub is truly the land of a stray leaders.
    Menh de Jieng Mathondit.

    repondre message

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