JUBA, Jan. 12 (Xinhua) -- South Sudan's vice president said on Tuesday that rampant corruption amid intermittent insecurity is frustrating foreign investors in the country.
James Wani Igga, vice president for economic cluster said that without mitigating the two vices, investors will continue to shy away from the country.
"There is a need to fight corruption because there is no investor who can go to a country where corruption is prevailing," Igga told journalists in Juba.
South Sudan was ranked in the 2019 global corruption index by Transparency International at 179 out of 180 countries.
He disclosed that the economic cluster that he leads will fight corruption by all means.
The economic cluster was formed last year by President Salva Kiir to investigate irregularities in revenue collection with the aim of boosting the economy which has been crippled due to years of conflict.
Igga disclosed that the country is yet to guarantee maximum national security to create a conducive environment for investors, adding that implementing the 2018 revitalized peace agreement is also crucial to win investor confidence.
He warned that the presence of arms in the hands of civilians continues to remain a threat to investors.
Newer news items:
- Sudan lifts ban on travel from countries with new coronavirus variant - 13/01/2021
- Ghanaian peacekeepers South Sudan mercy mission - 13/01/2021
- Uganda’s election shows dangers of a captured state - 13/01/2021
- Newly-Wed Sudanese-South Sudanese Couple Fear Persecution - 13/01/2021
- Ethiopia warns Sudan over military build-up amid border tensions - 13/01/2021
Older news items:
- Logistics Cluster South Sudan River Movement Strategy 2021 - 12/01/2021
- E.African business bloc urges adjusting virus test cost - 12/01/2021
- IGAD Special Envoy meets Machar over peace implementation - 12/01/2021
- Profiles of three front runners of Uganda's presidential election - 10/01/2021
- Reaching those most Vulnerable Amid Floods and Conflict in South Sudan - 10/01/2021
Popular news items:
- No oil in troubled waters - 25/03/2014 - Read 20246 times
- School exam results in South Sudan show decline - Bikya Masr - 01/04/2012 - Read 18052 times
- Former Lost Boy Gives Back to South Sudan - Care2.com (blog) - 31/05/2012 - Read 16065 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 - Read 15169 times
- With prisons full, South Sudan to introduce mobile courts to clear backlog of ... - Washington Post - 11/10/2012 - Read 12703 times