S. Sudan’s Kiir urges investments to enhance economic growth

South Sudan’s President Salva Kiir on Tuesday called for more investors into the country, declaring an open investment policy as part of efforts aimed at ensuring all investors are equally and fairly treated.

He was speaking at the inauguration of Radisson Blu, a 5-star hotel in Juba.

“I am delighted to be with you to participate in the official opening of this iconic hotel. The inauguration of Radisson Blu Hotel in Juba today is a clear sign that Juba’s landscape is changing for the better,” explained Kiir.

The South Sudanese said the opening of the five-star hotel in Juba sends a clear message to investors to utilize business opportunities in the country.

“To these undecided investors, please come and invest in South Sudan. Do not allow negative press that does not acknowledge progress achieved in this country to stop you from investing your money in South Sudan,” he Kiir.

Kiir commended the courage shown by the hotel management and encourage other businesses and companies interested in South Sudan as a destination for their investment to come and do business in the country.

“We have 183 hotels in South Sudan. 83 hotels are here in Juba and the remaining hotels are across the country. South Sudan and its people will reward you. Your investment will pay a handsome dividend,” he stressed.

Kiir vowed to ensure that the country’s investment laws are reviewed to create a balanced approach that protects investments, the right of the workers and further ensure that the local employees have a living wage.

Analysts, however, say the president’s message aimed at attracting businesses, following years of protracted conflict and stagnant growth despite prevailing opportunities to improve the economy and avoid a return another civil war.

Source: Sudan Tribune