South Sudan Says Its Stable Enough For Investment

By Staff Writer

South Sudan is stable enough to welcome investments after six years of crisis sent most foreign investors out of the country, the Minister of Presidential Affairs, Dr Barnaba Marial Benjamin said.

Speaking at the opening of the South Sudan Oil and Power Conference in Juba on Tuesday, Benjamin urged domestic and foreign investors to take up available investment opportunities in oil and other minerals in the country.

“We have a lot of resources that we need people to come and invest in,” Benjamin told delegates from both the region and internationally attending the conference

“We have oil, gold, agriculture and wild life, among other minerals that we have in the country and we want whoever is willing to come and invest with us here in South Sudan,” he said.

“Don’t worry of anything, the government is working to bring stability in the country.”

Benjamin noted that the 2018 peace agreement is “progressing well” with the parties in the unity government having the political will to “fully implement the peace deal for the country to have stability.”

Benjamin urged banking institutions in the country to provide loans to businesses in order to spur local investments.

The Petroleum Minister, Puot Kang Chol said the main priority in the sector is increasing foreign investment as a foundation for economic recovery.

Chol welcomed investors into the country and urged them on collaborating with their local counterparts.

The Minister of Investment, Dhieu Mathok said the country’s wealth of untapped resources should attract foreign investments.

“South Sudan is blessed with a lot of resources, we need industries and we cannot do it alone. We need investors to come and invest in South Sudan,” Mathok said.

“We are now working hard to address some of the challenges that used to face the investors who want to invest in our country.”