 government agencies are involved in giving certificates illegally to investors.){kind=link}
Ginaba Lino
The National Minister of Investment in South Sudan, Dr. Dhieu Mathok Diing has revealed that more than ten (10) government agencies are involved in giving certificates illegally to investors.
This was disclosed during the validation workshop on one-stop-shop guidelines and investment opportunity mapping in the Republic of South Sudan on Tuesday in Juba.
A one-stop shop is a business that offers multiple services or products to customers and provides convenience and efficiency to clients, gaining loyalty as well as revenue.
The Minister of Investment Dhieu Mathok Diing Wol describes the act as a result of the poor establishment of the one-step shop in South Sudan.
“We have been seeing how this basic faction of the investment is been tampered with by every institution, trying to avoid completely what the laws are saying.”
“There are more than ten (10) or more agencies who are giving certificates to investors, and when you ask from where you draw this, nobody can tell you completely, but they involve their presents to the one accrediting investors in the country,” Dr. Mathok said
This is bad for our country, and we can say it was because the concept of a one-stop shop was not properly established, “Diing Wol says.”
Matthok also disclosed that security organs are one of the agencies that are issuing certificates to investors underground without any notice from the Ministry of Investment.
“We have seen a situation and we are going to discuss it later on, for example, the security agencies where they are giving certificates for the investors, and if you look into that in the region or worldwide, you don’t get it. We can talk of no objection and it’s something that is done underground,” he added.
The Minister warned that without coordination and mechanisms between the national and state governments to manage the investment, the country will continue to face challenges in terms of investments.
“We want to avoid the challenges by establishing a one-stop shop which will have one window where the investors are saved from registration of the company to the exit when they investors want to leave the country, the minister of investment explains.”
Dr. Mathok regrets insecurity across the country as one of the challenges that are hindering the attraction of investors to come and invest in South Sudan.
The deputy resident representative of United Nations Development Partner (UNDP) Titus Osundina also regrets the eruption of the 2013-2016 conflict disrupted the initial progress made in building an economic governance system at both national and state levels.
“Let me begin by recalling the past, South Sudan’s economy enjoyed stability for two years after its independence in 2011 before the eruption of a conflict that came in 2013 and 2016 which disrupted the initial progress made in building an economic governance system at both national and state levels.”
Titus calls on the people of South Sudan to continue to strive to be able to overcome the challenges that come their way.
He adds one-stop shop is very important to promote inclusive economic growth and earnest the full potential of private sector contributions.
Titus says the Ministry of Investment with support from UNDP, they are taking a crucial step in mobilizing necessary resources to address the most present challenge facing South Sudan.
This validation workshop today, signifies UNDP’s commitment to facilitating in-country reflection of how to mobilize capital towards the national development priorities and engage national stakeholders and investors, “He States.”
The Minister was speaking during the opening of the validation workshop on one-step shop guidelines and investment opportunity mapping in the Republic of South Sudan, under the Theme: “Exploring investment opportunity for economic growth.”