Foreign Investment in the country’s Future is a brilliant idea by the President
By Dut Deng kok
As the African continent’s second- richest oil producer, south Sudan’s reputation in the global marketplace as a resource-endowed developing nation is well established. Indeed, over the course of these last two decades, the nation’s oil, mineral wealth and agriculture have been the leading destination for foreign investment.
Though contrary to popular belief, the most valuable asset in South Sudan, my country, is not what lies underneath its surface, rather, it’s who walks upon it.
I’m referring of course to South Sudanese themselves. Young and growing younger, the country’s population presents global investors with an exciting frontier market in the heart of Africa. Moreover, the power construction in Juba’s emerging middle class will drive precipitous demand for consumer goods, housing, healthcare, infrastructure and electricity.
Fortunately, recent developments indicate that foreign investors are keen to respond to what they see as one of eastern Africa’s most promising economies.
Key among them is a series of new deals in 2019 between Juba, private and state-backed investors from Europe, the Middle East and elsewhere. These investments, although they range in size and scope, target critical sectors of the south Sudan’s economy, International projects in infrastructure, healthcare, information and communications technology, and power generation not only respond to new demand from the middle class, but also address some of the country’s obstinate barriers to growth and development.
The best example of this is in South Sudan electricity sector, will rise the demand, inefficient tariffs, an overdependence and other issues have contributed to unreliability, deterring international investors and ultimately that will not handicapping the country’s economy. Unfortunately, this issue is made especially apparent in times of economic crisis.
. There’s no doubt that these projects will further diversify the city (Juba)’s energy, thus improving reliability for commercial and individual consumption. Over time, the improved distribution and reliability of electricity in South Sudan will incentivize greater investment from domestic and international investors alike, particularly in electricity-intensive industries such as mining, infrastructure, and irrigation, for instead Jonglei canal is one of the best projects, why do we wait for rain to come? Whether it’s through an act of benevolence or purely a pursuit of profit, the role that Chinese investors play in construct South Sudan’s energy sector cannot be understated.
South Sudan’s government has long been aware of the same obstinate barriers to growth and development that international investors are now working to address. This understanding has guided Juba’s commitment to attracting foreign investors in a bid to accelerate South Sudan’s emergence onto the global stage.
This campaign is not confined to the energy sector however. In fact, we want the government to initiate several public-private partnerships with international institutions in a variety of sectors.
For instance, a deal signed last year between the government of South Sudan and Israel’s government & Projects will support the construction and installation of much-needed agricultural facilities in the country. This multi-million dollar project supposed to include plans to develop modern irrigation systems, as well as an advanced technical training center. This project will provide socioeconomic protections to South Sudanese farmers, who are simultaneously the nation’s largest and most vulnerable labor force demographic.
And an earlier project between China and south Sudan Government, aims to renovate the country’s Road from Juba Bar El-Ghazal, with financing from grants. Should the project move forward, to improved road network outcomes would yield tremendous economic benefits for the citizens of South Sudan?
These and other examples ought to be interpreted as reassuring signs of a mutual confidence in South Sudan’s future. Though this is to be expected, available data shows that inbound foreign, especially United Arab Emirate, direct investment in South Sudan will increase the economic, and was one of the leading brilliant ideas decided by H.E the president of the Republic of South Sudan Gen.Salva Kiir mayardit to bring in a member and non-member countries of The Common Market for East Africa.
And while it’s possible that this is a result of the relative ease of doing business in South Sudan, the more likely explanation, however, is that global investors are sunny on South Sudanese potential, and recognize Juba’s efforts to support it.
H.E the President of the Republic, You are typically excellent at solving complex problems and I encourage you to work collaboratively with young people in this country in order to bring total peace and services delivery to the people of south Sudan. We want you to build up the strong institutions; strong institution is what defines the reality of the citizen of this country.
Dut Deng kok is a south Sudanese opinion writer and he can be reach Via email; firstname.lastname@example.org