South Sudan is an emerging market. A lot has been done since the signing of the Comprehensive Peace Agreement (CPA) in 2005. Juba, for instance, has been transformed from the virtual ghost town it used to be into a remarkable commercial hub that was unimaginable just a couple of years ago. But the investors still need to be patient as the government and other stakeholders put the necessary infrastructure and systems in place.
The Government of the Republic of South Sudan (GoSS) is keen to cultivate and nurture a conducive investment environment in the country. The government has also taken specific steps to promote investment in the country. Some of these include:
- Establishment of Southern Sudan Investment Authority (SSIA);
- Development of investments laws which spell out the investment guidelines in the country;
- Equal treatment and opportunity for local and international investors;
- Enactment of specific laws that support investment by making provisions for attractive fiscal regimes, protection of industrial and intellectual property rights, credible guarantee of legal security and investment stability, repatriation of profits and dividends, custom duties exemptions, as well as reduced red tape and bureaucracy.
The specific investment policies include:
- Policy of non-discrimination. Foreign investors are allowed to invest in, and run businesses in any sector in Southern Sudan;
- Guarantees against expropriation. The government shall not nationalize any enterprise. Further, no investor will be compelled (by law or otherwise) to cede any part of investment capital;
- Protection of Intellectual Property laws. The government shall protect all intellectual property and rights of all persons and investors. All trademarks, copyrights, patents, etc will be enforced;
- Access to Public Information. Investors have open and direct access to all laws and decisions of courts, other adjudicative bodies and to any public information;
- Repatriation of capital, profits and dividends. Investors have the right to freely repatriate their money in freely convertible currency or dispose of it in any manner they deem fit, subject to tax and other lawful obligations;
- Dispute Resolution. Any aggrieved investor has recourse to the courts of Southern Sudan, which have jurisdiction over business disputes. Parties to a dispute are also free to specify alternative dispute resolution mechanisms they may agree upon. Any investor in dispute with the GoSS has recourse to internationally accepted dispute resolutions mechanisms.
South Sudan Investment Authority (SSIA)
The SSIA is a corporate body established under the Investment Promotion Act 2009 to promote investment in South Sudan. Functions of SSIA:
- To initiate and support measures that will enhance the investment climate for both national and non-national enterprises and persons.
- To collect, collate, analyze and efficiently disseminate information about investment opportunities and sources of investment capital, incentives available to investors and the investment climate.
- To initiate organize and develop image – building activities to represent South Sudan as an ideal investment destination and engage in such other promotional activities for investments.
- Provide advice to the government on investment policy in general, and where appropriate, focus economic sectors for investment encouragement.
- To promote decentralization of investment activities in accordance with the development policies of the government of the Southern Sudan.
- To assist the investors by providing support services, including assistance to procure authorizations and permits required for the establishment of operations of enterprises and to facilitate and coordinate between public and private sector investment related matters.
- The body is as well charged with the responsibility of receiving and processing all the applications for investment certificates.
- In accordance with the provisions of Article 59(2)(b) read together with Article 85(1) of the Interim Constitution of Southern Sudan, 2005; the Southern Sudan Legislative Assembly, with the assent of the President of the Government of Southern Sudan, hereby enacts the following: read more on the link.
Chumber of commerce
The South Sudan Chamber of Commerce, Industry and Agriculture, (SSCCIA) is the umbrella body representing and advocating for the private sector in the Republic of South Sudan. It is a membership-based organization, whose foundation dates back to 2003.
Whether you are a local business person, a foreign investor, a nongovernmental organization or development partner, you will derive great benefits and services from engaging with the SSCCIA, through quality services we provide to our membership and beyond.