South Sudan's English Daily Newspaper
"We Dare where others fear"
By Simon Deng
The Minister of Investment, Dhieu Mathok Diing Wol said the government is forging a first ever inclusive investment policy that is expected to create a business and investment friendly environment.
“The policy is going to come with solutions, we will create another window for trade, we will strengthen South Sudan pounds by trying to produce more and sell and then we get hard currency instead of selling oil, we are going to sell other things,” Wol during the opening of the validation workshop on investment policy in Juba yesterday.
Wol said the investment policy will address issues of insecurity, infrastructure, strengthening institutions and as well addressing the issue of legal framework which is necessary.
He said the investment policy will bring forth new institutions and mechanisms including the South Sudan Investment Council which is going to be led by the president and will create attractive business environment for both South Sudanese and foreign investors.
“The policy is going to change the situation. It is going to contribute to the improvement of the economy, and we are aiming to strengthen institution doing business,” he said.
“If the policy is implemented the way we are now seeing it then there is going to be big change.”
Lingane Sene, the economic advisor for the United Nations Development Program (UNDP) said the investment policy will address issues of legal and regulatory frameworks necessary for improving investment climate.
“This investment policy can be used as a catalyst that should be able to shape the future of investment in South Sudan, there are given number of benchmarks that South Sudan needs to attract investors, it can be a foundation to over challenges,” Sene said.
George Costa, the chairperson for the specialized committee on investment at the National Legislative Assembly said the parliament is committed to enact laws necessary to create conducive business environment.
“The investment policy is very important, we must have regulatory framework for investment in South Sudan, the country needs investment to create job opportunities, we need to see how investors can be attracted to the country,” Costa said.
