USD 500M For development
Government officials and senior participants to the South Sudan investment
roadshow in a group photo
By Mandela Nelson Denis in Juba and agency
African Export-Import bank has announced 500million US dollar for South Sudan during the South Sudan Investment Road show that kicked off at Prestigious Willard Continental Hotel in Washington District of Columbia on 11th Friday.
Information from private sector delegation to the South Sudan Investment Road Show said most of the fund would go to Agriculture, Mining and developmental initiatives.
The DC event saw impressive participation from American corporations, private equity funds, business leaders and influential political leaders who all expressed interest in South Sudan.
Nhial Deng Nhial, Minister of Foreign Affairs and International Cooperation in his key note speech to the audience at the conference, said that South Sudan was open for investment.
Nhial urged investors across the world to come and invest in South Sudan.
Dr. Benedict Oramah, the President of the African Export Import Bank (Afreximbank), said the bank had positive relationship with South Sudan.
Dr. Oramah revealed how South Sudan became a member of the African Export Import two years ago and since then they had extended USD 200 million to South Sudan for agricultural and petroleum development.
He affirmed to the prospective investment that the Bank was willing to co-invest in projects in South Sudan.
The Secretary General of South Sudan Investment Authority Dr Abraham Maliet said that many people in the country were ready to get up and work.
He added that the country was new and everything is up for investment.
“South Sudan is a country steaming of wildlife, insurance, fishery any investment you can think of can happen,” said Abraham.
During the Road show Dr Chol Deng of Nile Pet met with other investors and discussed the possibility of expanding the state owned firm and to build the technical capacity of local people in the Oil and Gas Industry.
The investment Road show that kicked off on the 11th April in Washington continued to New York on the 12th April.
On the 18th April the team is expected to hold another investment conference in Dubai and on the 24th April they will be in Johannesburg South Sudan.
The main aim of the investment road show is to invite investors across the globe to come and invest in the country.
South Sudan boost of untapped investment opportunity in the field of Mining, Agriculture, wild life and Fishery plus many others.
With the prevailing peace and stability in South Sudan many investors are expected to make a U-turn to Africa’s youngest nation to invest.