The delegation includes Minister of Agriculture and Food Security Onyoti Adigo Nyikwec, Minister of Mining Gabriel Thokuj Deng, Secretary General of the South Sudan Investment Authority Abraham Maliet Mamer, Managing Director of Nilepet Chol Thon Abel, and Chairman of the South Sudan Petroleum Commission Ceasar Marko.
The African Energy Chamber (AEC) commended Afrexim Bank for providing a US$500mn financing facility to fund power transmission, infrastructure and agricultural projects. They also commended President Cyril Ramaphosa and his energy minister Jeff Radebe for committing US1bn to oil and gas infrastructure projects in South Sudan.
NJ Ayuk, Centurion Law Group CEO and AEC executive chairman, said, “We are hopeful that the arrival of the South Sudanese delegation to South Africa will result in even more investment deals being announced. Johannesburg is the financial capital of Africa and I am bullish that we will be able to raise more money to secure and promote lasting peace and investment in South Sudan.”
The chamber believed South Sudan’s leadership has an obligation to creating an enabling environment of investors to put more money into the country. To achieve these great benefits, South Sudan needs to safely open up new oil blocks to exploration especially to African investors. Recent discussions between AEC, South Sudan President Salva Kiir and his cabinet agreed that economic growth must be the front and centre of South Sudan’s peace and recovery efforts.
“Investors need an enabling environment and we are spending a lot of money to help South Sudan achieve that. It is business that creates jobs and hope. Economic revival and business are the solution; not aid. Our leaders in government need to understand this. We cannot afford smallness in our drive for peace, Investment and stability when what South Sudan and most of Africa really need are big pragmatic common sense solutions,” Ayuk added.
The AEC has declared that they will support South Sudan and its people, but they will reject narrow agendas wherever they come from and put the country first.
Newer news items:
- Dilemmas of peacekeeping: what we learnt from talking to people in South Sudan - 23/04/2019
- S. Sudan aims to become food self-sufficient by 2022 - 23/04/2019
- South Sudan Kiir rejects Machar demand to delay transitional gov’t - 22/04/2019
- Egypt to host African summits Tuesday on Sudan, Libya - 22/04/2019
- Sudan's military council warns against road blocks as protests continue - 22/04/2019
Older news items:
- South Sudan: Peace Pact Intact Despite Bashir Exit - Oryem - 22/04/2019
- UPDATE 4-Saudi Arabia, UAE to send $3 billion in aid to Sudan - 21/04/2019
- African Energy Chamber and Oil Industry Investors Welcome South Sudan Investment Drive in South Africa - 21/04/2019
- South Sudan Opposition Seeks 6-Month Extension on Peace Deal - 21/04/2019
- South Sudan: International Rescue Committee Urges New Approach to Malnutrition - 20/04/2019
Popular news items:
- No oil in troubled waters - 25/03/2014 - Read 19288 times
- School exam results in South Sudan show decline - Bikya Masr - 01/04/2012 - Read 15475 times
- Former Lost Boy Gives Back to South Sudan - Care2.com (blog) - 31/05/2012 - Read 14624 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 - Read 14205 times
- With prisons full, South Sudan to introduce mobile courts to clear backlog of ... - Washington Post - 11/10/2012 - Read 11759 times