South Sudanese cabinet ministers and business leaders met with South African investors in the final leg of their global investment drive. The investment tour visited Washington, New York and Dubai before coming to Johannesburg.

The South Sudanese delegation includes that country’s agriculture and food security minister, mining minister, the secretary of the South Sudan Investment Authority, Nilepet’s Managing Director and the Commission Chairman of South Sudan Petroleum. A number of South African organisations participated in the meeting, looking for investment opportunities.

South Sudan offers investment opportunities

Afrexim Bank has provided a $500-million financing facility to fund power transmission, infrastructure and agricultural projects, while President Cyril Ramaphosa and Energy Minister Jeff Radebe have committed $1-billion in oil and gas an infrastructure projects in South Sudan. Centurion Law Group CEO and African Energy Council (AEC) Executive Chairman NJ Ayuk says that these bankable deals should be closed quickly as they will create opportunities for both the South African and South Sudanese people.

“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,” he says.

Ayuk adds that the Chamber believes South Sudan’s leadership also has an obligation to creating an enabling environment for 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. It's time to build refineries, pipelines, urea, ammonia, fertilizer plants, power plants, large agricultural fields and set up technology hubs. Recent discussions between The African Energy Chamber, South Sudan President Salva Kiir and his cabinet agreed that economic growth must be front and centre of the peace and recovery efforts of South Sudan.”

According to him, securing investments is not the problem. Investors need an enabling environment, and the AEC will proudly and vigorously support South Sudan and its people, but will reject “narrow agendas” wherever they come from and put the country first.

“We call upon all of African Energy Investors and corporate leaders to do the same. The Chamber will stand squarely with those who do. 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,” he concludes.

Image credit.


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