Jenifer James
Africa-Press – South-Sudan. The Council of Ministers approved the guidelines for establishing one-stop shops in the country to aid in investment.
The approval came after the Minister of Investment, Dhieu Mathok, presented the plan to the cabinet Friday.
Addressing the media after the meeting on Friday, the Deputy Minister of Information, Jacob Korok, said the guideline would create investment opportunities in the country.
“The guideline is mapping the investment opportunities in the Republic of South Sudan and also providing guidelines for the establishment of one-stop shops and investment centres in South Sudan,” Korok said.
According to Korok, the main goal is to map and develop resources for investment opportunities that will mirror the potential of the country.
“This project, or this proposal, is very important in terms of mapping investment opportunities in the country,” he said.
Korok said this investment would create business avenues and job opportunities in South Sudan.
“We encourage foreign investors to come and invest in South Sudan. Guidance and guidelines for the establishment of a one-stop shop investment are the main goal, and the purpose of this is to enhance coordination of investments, cooperation within and across at the different levels of the government, and provide holistic, integrated, and well-coordinated services,” he said.
In March, the minister of investment, Dhieu Mathok, announced plans to set up a one-stop shop for foreign investors in the country. He was speaking during an investment promotion conference.
Mathok said the move to open up a one-stop shop for investors will boost the registration of foreign investors in the country.
Mathok said that the ministry has developed a concept that needs to be shared with the investment promotion agencies so that we can agree on the model best for South Sudan.
Mathok said the ministry is still validating reports on existing investment opportunities in the country.
“We are passing through a very serious economic situation, and we are now also trying to underline some of the challenges we are facing in the ministry of investment so that we can have an investment environment that is attractive to everyone,” he concludes.
Source: The City Review South Sudan
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