Somewhat peaceful South Sudan expecting FDI of $1bn this year
SA plans to invest $1bn partly for oil exploration, and MTN will spend $30m on its telecoms network in South Sudan, one official says
Juba — Ten months of relative peace in South Sudan has triggered a rush of investment, raising inflows four-fold this fiscal year to an expected $1bn.
Foreign direct investment (FDI) for the nation that’s been in the throes of civil war was about $250m in 2016/2017, according to South Sudan Investment Authority’s secretary-general, Abraham Maliet Mamer. Statistics for 2017/2018 are still being compiled...