|
|||||||||||||||||||||
Information for InvestorsSouthern Sudan and its capital Juba is one of the booming cities in the region. Given the many years of civil war, Southern Sudan is literally being built from scratch. The road network, housing, banking sector, insurance, schools and other amenities in the huge country all need urgent attention and the focus is on the donor community, the government, and above all, commercial investors.
Southern Sudan is an emerging market. A lot has been done since the signing of the Comprehensive Peace Agreement (CPA) in 2005. Juba, for instance, has been transformed from the virtual ghost town it used to be into a remarkable commercial hub that was unimaginable just a couple of years ago. But the investors still need to be patient as the government and other stakeholders put the necessary infrastructure and systems in place. The stark reality is that Juba cannot become "a Nairobi", for instance, in 2-3 years. Nonetheless, Southern Sudan is a virgin country and a lot of businesses are currently setting shop in Juba city as well as other towns in the ten states such as Wau and Malakal.
The Government of Southern Sudan (GoSS) is keen to cultivate and nurture a conducive investment environment in the country. GoSS has put in place necessary procedures and systems to facilitate rapid business setup in the country through the respective ministries and commissions. GoSS also organizes trade fairs in which potential investors are able to meet government officers as well as their potential Sudanese counterparts in Juba and other places. These have been a great success.
The GoSS has also taken specific steps to promote investment in the country. Some of these include:
The specific investment policies include:
This article was updated on Oct 21, 2009
|
|
||||||||||||||||||||