South Sudan's English Daily Newspaper
"We Dare where others fear"
By Simon Deng
The Minister of Investment Dhieu Mathok Diing Wol on Tuesday revealed plans to establish One-Stop Shop Center for registering foreign investors in the country.“We have developed a concept that needs to be shared with the investment promotion agencies such that we agree on the model best for South Sudan,” said Mathok during the one-day conference on mapping of investment opportunities and preparing guidance on investment promotion held in Juba.
Mathok said that they are validating reports on investment opportunities and establishment of One-Stop Shop Center for investment.
“We are passing through very serious economic situation and we are now trying also to underline some of the challenges we are facing in the ministry of investment such that we can be able to have investment environment which is attractive to everyone,” he said.Mathok disclosed that they are also working to improve security and procedures which are attractive to investors, adding that insecurity is among the challenges obstructing investments in the country.
“We want to simplify the procedures to investors such that they can be able to come to South Sudan with their capital, we have a lot of investors visiting South Sudan but they do not invest because of the challenges including insecurity,” he said.James Wani Igga, the Vice President for Economic Cluster revealed that insecurity in the country is caused by proliferation of arms in the hands of unauthorized people.
“The internal security has become a big challenge in recent times, internal conflict including ethnic and economic upheavals have had debilitating effects on the economy, most notably by scaring investors from certain parts of our country,” said Wani.Titus Osundina, the United Nations Development Programme (UNDP) Deputy Country Representative said that the eruption of conflict in December 2013 disrupted the initial progress made in building vibrant economic governance system at both national and state level. “To promote inclusive economic growth and harness the full potential of private sector contribution, identify investment opportunities and using One- Stop Shop as facilitating vehicle for private and public investment is very essential,” he said.