Juba Economic Forum: PAOSMI affirms readiness for support & collaboration with South-Sudan
Olugbenga George, Abuja
The second edition of the Juba Economic Forum concluded on Wednesday with calls for the government to remove the annual renewal of investment certificates which has been identified as a burden by investors.
The three-day economic forum which was organized by Central Equatoria State Business Union raised concerns in the areas of infrastructure development in terms of roads, storage facilities, ports, airports, and construction of hydroelectric dams to attract investors.
On trade and Investment, the forum resolved that youth and women funds be operationalized and the necessary resources allocated to these groups as stipulated in the peace agreement. It also called on the government to establish an Investment Fund to finance businesses, trade initiatives, and innovation.
Bak Barnaba Chol, South Sudan’s minister of finance and planning, emphasized that the conference’s participants were to engage in discussions on macroeconomic policies, private sector development, and creating a business-friendly environment. The discussions aim to chart a roadmap for priority sectors within the government’s work program, ultimately contributing to economic growth.
The conference attracted participants from both local and regional spheres, including officials from the World Bank and African Development Bank.
Leading a delegation to represent the Pan-African Association of Small & Medium Industries (PAOSMI) at the event, the DG/CEO Dr Henry Emejuo while in company of HE Gen Taban Deng Gai, Vice President of South Sudan,
Juma k. Juma – Chairman Central Equatoria Business Union and Kennedy Lodiong, ES- South Sudan Manufacturer Association, emphasized the readiness of the association to support and collaborate with the Sudanese government in key areas that will fast track industrial and economic development.
Addressing the conference attendees in Juba, U.S. ambassador to South Sudan Michael J. Adler underscored the importance of the government’s commitment to restoring peace, stability, and good governance as fundamental drivers of economic activity and investor confidence.
The forum also generated resolutions for various sectors including agriculture, trade and Investment, transport, energy, and dams, among others.
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