South Sudan to formulate policies to aid in investment

South Sudan to formulate policies to aid in investment

Dhieu Mathok, Minister of Trade and Investment [Photo: Matik Kueth, The City review]

The government of South Sudan is developing policies intended to enhance the country’s business environment.

Addressing the media during the second day of the Ethiopia-South Sudan Business and Investment Forum at the Pyramid Hotel in Juba on Tuesday, the Minister of Trade and Investment, Dhieu Mathok, said the government is working to strengthen the investment atmosphere in the country, including the private-public partnership policy.

“As a nation, we are trying our best to improve the investment climate, the investment environment in the country. We are now aware of the laws that we saw in the movement. They have been now reviewed, and we are doing better with the business community,” Mathok said.

He added, “I can say that the concerns and the interests are taking more. We are also developing policies which will enhance the business environment, among them is the public-private partnership policy. This is very important.”

According to Mathok, this will contribute to the improvement of the country’s corporate environment.

“The good thing is that we are doing it together with the East African Community because we are part of the region, and this is also another opportunity to the Ethiopian business community that now [means] we have a wider business community, not only in South Sudan,” he stressed.

“Therefore, whenever you produce something that you mean to be selling to South Sudanese or South Sudanese business, make sure that you are going also to trade with East Africa because we are a community of more than 100 million people,” he noted.

He urged Ethiopian investors to establish branches in Juba so they could conduct business in South Sudan, stressing the country’s legislation on foreign company registration.

“I want to see the plans of your companies in Juba. We want you to come to South Sudan, open the branches, and produce locally here so that we have the opportunity to employ our young people. We have very special laws. Our laws require 100 per cent registration of the company. If you lie, we will do so. I want to see your companies in this country very soon,” he said.