South Sudan establishes attractive investment laws
By James Gatdet Dak
April 26, 2008 (JUBA) — The Government of Southern Sudan’s Investment Authority sets out a legal framework to guide potential investors in various sectors of investment opportunities and laws to regulate such investments.
An Investment Provisional Order, 2008 was passed by the Council of Ministers’ meeting on Friday. This will be operational by May 2008 if signed into law by the President of the Government of Southern Sudan, pending its approval by the Southern Sudan Legislative Assembly (SSLA) thereafter.
The Framework guarantees protection of both foreign and national investors, which allows foreign investors to repatriate capital and profits from Southern Sudan.
Local business persons in Southern Sudan are also encouraged to develop their business potentials and if possible forge partnerships with foreign investors.
The Southern Sudan Investment Authority will be collecting, compiling and publishing information on investment opportunities from relevant government institutions at central and state levels of government and coordinate areas of priorities with such institutions.
“The objective of the Investment Authority is to attract and sustain significant levels of domestic and foreign investment” explained Michael Makuei Lueth, Minister for Legal Affairs and Constitutional Development as he read out the contents of the Legal Framework.
The Framework calls for formation of the Board of Directors to be headed by a Secretary-General who shall establish a secretariat with membership of most of investment sectors of government the institutions.
The Board of Directors shall be a policy-making body for investment and will be issuing licenses.
Sectors highlighted for business potentials include, but not limited to, agriculture, energy, mining, industry, physical infrastructure, transport, housing, animal resources, hotels, health, education, etc.
(ST)
Bozic Rade
South Sudan establishes attractive investment laws
Dear Good Sudanese,
Long time will passed to attract the investors again or you are targeting on one which are new in your country?
I am one who tray to bring some investment opportunity for more investor’s behind of me an I fold in it.
My trying was more than two years and is many stories interesting for the public which I can’t even write because of heavy are badness.
1. Registering of the company was simple robe ring and after spending all the money and slipping under shed we /investors/ was treated like sucks of the money.
2. The second step was Ministry of Commerce and Supply to send his officers on spaying as and trying to stilling business idea; example he open the company “Alkebulan” investment promotions in Uganda and this office was acting in the some manner.
3. Just on the border –Oraba Kaya- I was robed by police man he took my cameras video and digital….
4. My business was stolen from Director of Administration from police and he is doing that business /printing vehicle number plate/ in very primitive way giving bad quality.
5. My office equipment is still remain in Yei police for traffic police, and there using my program of registering vehicle.
I wish you all the best and prosperity,
Bozic Rade SS. Former investor