HomeReportsBureau of Economic and Business Affairs2021 Investment Climate Statements...South Sudan

# 					2021 Investment Climate Statements: South Sudan			

 In this section										/

													EXECUTIVE SUMMARY											

                -  EXECUTIVE SUMMARY 
                -  1. Openness To, and Restrictions Upon, Foreign Investment   
                -  2. Bilateral Investment and Taxation Treaties   
                -  3. Legal Regime   
                -  4. Industrial Policies   
                -  5. Protection of Property Rights   
                -  6. Financial Sector   
                -  7. State-Owned Enterprises   
                -  8. Responsible Business Conduct   
                -  9. Corruption   
                -  10. Political and Security Environment   
                -  11. Labor Policies and Practices   
                -  12. U.S. International Development Finance Corporation (DFC), and Other Investment Insurance or Development Finance Programs   
                -  13. Foreign Direct Investment and Foreign Portfolio Investment Statistics   
                -  14. Contact for More Information   

## EXECUTIVE SUMMARY

Trade and investment conditions in South Sudan have slightly improved in the past year, but many challenges remain. The peace process has moved into the transition phase with the constitution of a new presidency structure and cabinet as components of a new Revitalized Transitional Government of National Unity in February and March 2020. The expanded cabinet included new ministries of investment and East African Community Affairs. In accordance with tenets of the 2018 peace deal, the new government included representatives from the incumbent government and opposition parties (signatories to the peace agreement). In May 2021 President Salva Kiir Mayardit reconstituted the Transitional National Legislative Assembly (TNLA). (Note: The TNLA has been expanded from 400 to 550 members comprising representatives from the parties signing the peace agreement. End Note.) While these steps are positive, implementation of the terms of the peace deal has been significantly behind schedule and remains incomplete. The country continues to be plagued by large-scale displacement, widespread food insecurity, severe human-rights abuses, restricted humanitarian access, and harassment of aid workers and journalists.

South Sudan is one of the most oil-dependent economies in the world and the sector is fraught with corruption. In March 2018, the United States Department of Commerce added the Ministry of Petroleum, the Ministry of Mining, and state-owned oil company Nilepet to the Entity List, barring export of certain U.S. goods or technologies to them due to their contribution to the conflict. Removal of these entities will require the implementation of transparency and accountability measures, consistent with aspects of Chapter IV of the peace deal.

Humanitarian and development aid is a major source of employment in South Sudan. Difficulties of changing regulations, multiple layers of taxation, and labor harassment faced in this sector may provide insight to difficulties private investors would face. Bureaucratic impediments faced by NGOs include recruitment interference, airport obstructions, and duplicate registration and permit issues by different levels of authority.

The government has made efforts to simplify and centralize taxation, with the creation of the National Revenue Authority. The Bank of South Sudan has launched a website where it posts key financial data. However, the legal system is ineffective, underfunded, overburdened, and subject to executive interference and corruption. High-level government and military officials are immune from prosecution and parties in contract disputes are sometimes arrested and imprisoned until the party agrees to pay a sum of money, often without going to court and sometimes without formal charges.

The then-South Sudan Investment Authority (SSIA) in 2018 and 2019 conducted investment roadshows, promoting South Sudan as an ideal location for investment. The SSIA which was upgraded to the Ministry of Investment in March 2020, compared its laws that govern investment practices in South Sudan with those in the region and determined themselves to be more favorable for investment than their neighbors; however, laws in South Sudan are not routinely enforced.

Other factors inhibiting investment in South Sudan include limited physical infrastructure and a lack of both skilled and unskilled labor. The World Bank’s 2020 Doing Business report ranked South Sudan 185 out of 190 economies on overall ease of doing business. The legal framework governing investment and private enterprises remained underdeveloped as of April 2020.

The U.S. Department of State maintains a Travel Advisory warning against travel to South Sudan due to critically high risks from crime, kidnapping, and armed conflict.

							1. Openness To, and Restrictions Upon, Foreign Investment					

**Policies Towards Foreign Direct Investment**

In May 2021, South Sudan’s newly installed Minister of Investment presented to President Kiir plans to upgrade South Sudan’s investment policy and increase capacity for international investors to invest in South Sudan. As of the date of publication, the government has not taken any concrete steps to implement these proposals. Reported unfair practices have included effective expropriation of assets, inconsistent taxation policies, harassment by security services, extortion attempts, and a general perception that foreigners are not afforded fair results in court proceedings or labor disputes.

In the past the country makes few investment facilitation efforts. In March 2020 South Sudan upgraded the South Sudan Investment Authority (SSIA) to the Ministry of Investment, as recommended in Chapter I of the peace agreement. In theory the Ministry of Investment has a One Stop Shop Investment Center. However, both organizations are poorly resourced and neither maintains an active website. There is no business registration website. The ministries that handle company registration include the Ministry of Trade and Industry, Ministry of Investment, Ministry of Finance, and Ministry of Justice. There is no single window registration process, and an investor must visit all the above-mentioned agencies to complete the registration of a company. It is estimated that the registration process could take several months.

In January 2018, South Sudan joined the African Trade and Insurance Agency (ATI), which provides export insurance and other assistance to foreign investors and traders. Several local lawyers are willing to advise investors and guide them through the registration process, for a fee. There is a private-sector Chamber of Commerce, but it is a government run organization. There is no ombudsman.

****Limits on Foreign Control and Right to Private Ownership and Establishment****

Foreign and domestic private entities have the right to establish and own business enterprises and engage in all forms of remunerative activity, as well as freely establish, acquire, and dispose of interests in business enterprises. Under the investment law, the government of South Sudan leases land to foreign investors for limited periods of time, generally not to exceed 30-60 years, with the possibility of renewal. In the case of leases for mining or quarrying, the lease shall not exceed the life of the mine or quarry. Under the 2009 Land Act, non-citizens are not allowed to own land in South Sudan. Years of conflict and internal displacement have left a complex land rights picture with many properties having been usurped by squatters or soldiers. There is no title insurance to speak of and no formal way to determine ownership outside of current possession. Particularly lucrative extractive or land-based ventures should assume claims on ownership, and therefore claims to royalties or rents, will abound.

For investors who wish to start a business in South Sudan, there is a local shareholder requirement, but the foreign investor can usually retain majority control. For foreign-based companies that wish to establish a subsidiary in South Sudan, the local shareholder requirement does not apply. South Sudanese businesses are given priority in several areas, including micro-enterprises, postal services, car hire and taxi operations, public relations, retail, security services, and the cooperative services. Exact details, and the extent of enforcement of these requirements, are sometimes unclear.

Subject to the Private Security Companies Rules and Regulations of 2013, registering and setting up a protection services security company in South Sudan requires a South Sudanese citizen to hold at least 51 percent of the company. Companies in the extractives sector must also have a South Sudanese national as part owner, but the exact percentage of ownership required is not always clear.

According to the Investment Act, foreign investors must apply for an investment certificate from the Ministry of Investment to ensure that the investment will be beneficial to the economy or of general benefit to South Sudan.

****Other Investment Policy Reviews****

In the past three years, the government has not undergone any third-party investment policy reviews.

**Business Facilitation**

The government’s fiscal and economic strategy sees government facilitating investment in economic priority sectors, particularly in agriculture, transport infrastructure, petroleum, mining, and energy, to unlock South Sudan’s economic potential and boost diversified growth. Investment incentives exist, but the exact procedures are somewhat opaque.

There is no business registration website. The process to register a business is lengthy and complex, and involves visiting multiple offices at the national, state, and local levels. The Chamber of Commerce recommends hiring a local lawyer to register a business. To register a new company, investors can get a check list with the steps and the name of ministries they need to visit to complete registration process from the Ministry of Trade and Industry.

****Outward Investment****

							2. Bilateral Investment and Taxation Treaties					

South Sudan signed a Bilateral Investment Treaty (BIT) with Morocco in 2017 but it is not in force.

In November 2018, a South African government fund signed an agreement with South Sudan pledging USD 1 billion for oil exploration and construction of a refinery. The agreement was made between two state-owned companies but is not a general BIT.

South Sudan does not have a bilateral taxation treaty with the United States and does not have a tax agreement with any other countries. Contacts have reported that in practice, business owners can be subject to a range of unexpected taxes from a variety of levels of authority.

							3. Legal Regime					

****Transparency of the Regulatory System****

Bureaucratic procedures for opening a business are long and cumbersome, particularly for foreigners trying to navigate the system without the assistance of a well-connected national.

The private sector is governed by a mix of laws from Sudan, the pre-independence semi-autonomous Government of Southern Sudan, and since 2011, the Government of South Sudan. The Transitional National Legislative Assembly (TNLA) passed laws to improve the transparency of the regulatory system, including the 2012 Companies Act and the 2012 Banking Act, however enforcement regulations are still lacking and there is little transparency. The government does not consult with the public about proposed regulations and information about regulations is not widely published. Several key pieces of legislation governing customs, imports and exports, leasing and mortgaging, procurement, and labor have not been approved by the government and are needed to improve the business environment in South Sudan.

The oil sector is the major industry that attracts FDI, but transparency in the oil sector is absent, despite statutory reporting requirements. The Ministry of Petroleum does not share data at an institutional level with the Bank of South Sudan and does not release it to the public. The Ministry of Petroleum does not publish oil production data. The contract process for oil companies that are planning to bid and invest in South Sudan is controlled by the Ministry of Petroleum, but the law appears to grant this authority exclusively to the National Petroleum and Gas Commission. Bidding and tender information is not publicly available.

There are no known informal regulatory processes managed by NGOs or private sector associations that would affect U.S. investors. National and state bodies are the main source of regulation, but county and sub-county level officials also impose regulations. In 2018 and 2019, international non-governmental organizations regularly reported that local officials demanded taxes and fees that differed with those set out in national policy. An opaque Presidential Decree issued in late 2018, for example, resulted in weeks of customs clearance disruptions at the country’s main land border in Nimule. In April 2021 hundreds of commercial trucks importing goods into South Sudan had been stuck at Elegu border crossing on the Ugandan side, protesting the killings of Ugandan and Kenyan truck drivers along the Juba-Nimule highway, Juba-Mundri, and Yei-Juba roads. The drivers demanded security guarantees from the government of South Sudan. After two days of negotiation between Ugandan and South Sudanese security chiefs, the striking Ugandan and Kenyan truck drivers resumed cargo deliveries to South Sudan. COVID regulations also created delays in the spring of 2020. NGOs report regular discrepancies between tax and labor rules issued by the national government and those enforced by local authorities. At some state levels, private contractors moving goods earmarked for humanitarian relief have been prevented entry at state borders in 2020. As of January 2021, there are appointed governors in each of South Sudan’s ten states and chief administrators for three administrative areas. However, tax collection and enforcement at the state level remains limited, uneven, and unpredictable.

In October 2020 the IMF reported that the COVID-19 pandemic has severely disrupted South Sudan’s economy, leading to a sharp decline in projected growth (-3.6 percent in FY20/21, about 10 percentage points below the pre-pandemic baseline) and a contraction of oil export proceeds (the main source of exports and fiscal revenue), causing an urgent balance of payments need and opening a large fiscal financing gap.

There are no publicly listed companies. Government accounting is non-transparent. In 2019, the legislative assembly held public budget hearings, which was the latest public budget hearing, due to delay in reconstituting the parliament in February 2020. The government did not pass or publish a budget for FY 2020/2021. In general, most bills and regulations are passed without public comment and are poorly disseminated. There is no centralized online platform publishing key regulatory actions. There is no government ombudsman. Parliament has not been able to provide effective oversight of government ministers. There were no significant corruption prosecutions in 2020.

No enforcement reforms have been announced or implemented. The establishment of the National Revenue Authority in 2018 was expected to provide a stronger foundation for development and implementation of accounting and regulatory standards. South Sudan is working to develop sources of non-oil revenue, including more centralized and effective enforcement of personal income tax and customs revenue. If transparently collected and managed, these funds could assist in development of the country’s infrastructure. In October 2020 South Sudan hired a Tanzanian national to lead the National Revenue Authority as Commissioner General. Since then, non-oil revenues have increased dramatically, in some months showing a 100 percent increase over the previous year, suggesting strongly that prior revenue collection efforts were corrupt, inept, or both.

South Sudan’s parliament is responsible for developing laws, but bodies such as the National Revenue Authority have also been influential in developing tax procedures. There is no indication that regulations are informed by quantitative analysis and public comments received by regulators are not made public.

Laws and regulations are randomly enforced and are not well-publicized, creating uncertainty among domestic and foreign investors. The Ministry of Labor, for example, rarely if ever conducts inspections, but NGOs and foreign investors have reported that employees have colluded with labor inspectors to extort fines from business managers.

South Sudan’s public finances are extremely opaque. The government released some debt obligation information during budget hearings in 2018 regarding certain infrastructure loans, but to date has not disclosed the amount of forward-sold oil (the country’s main source of revenue). As of March 2019, the IMF evaluated short-term oil advances at $338 million or 7.3 percent of GDP but noted that this estimate might not capture all outstanding advances as authorities were unable to provide a full list of contracted oil advances and their repayment terms, complicating fiscal projections. As noted, there was no official budget in FY 2020/2021. The FY 2019/2020 budget infrastructure expenditure line increased to $611 million. At 47 percent of total expenditures, this was a large increase by percentage, up from three percent of total expenditures in FY 2018/2019. The vast majority of this increase was earmarked for the Road Infrastructure Fund. It is widely understood these monies will be used to pay for the $711 million oil-collateralized road construction contract with Chinese-firm Shandong Hi-Speed Group for the 392-kilometer Juba-Rumbek road, still under construction as of May 2021. As of May 2021, the company has resumed work on the road, installing eleven modern bridges. The government had halted work on the road in May 2020 after heavy flooding washed away some sections of the unpaved and poorly constructed road.

The government has three other major road projects. Construction on the oil revenue -funded 204-kilometer Juba-Bor road started in February 2020 and is expected to finish in 2021. The project’s contractor African Resource Company (ARC) is thought to have close ties to President Kiir. Construction started on the 365-kilometer Juba-Torit-Nadapalroad in August 2020. This road will connect Juba with a key border crossing to Kenya, reducing transit times and costs for key imports and eliminating the need for a circuitous detour via (better) Ugandan roads. from that country. The government also has announced plans for a Kaya-Yei-Raja road upgrade.

**In December 2019, the Egyptian company Elswedy Electric Company signed a contract South Sudan’s Ministry of Energy and Dams to build a $45 million hybrid photovoltaic project with a battery storage system. The contract includes engineering, procurement, and installation of the project and is expected to supply electricity to 59,000 homes in Juba by May 2022. Despite the statutory requirements, South Sudan’s parliament did not review this project.**

****International Regulatory Considerations****

South Sudan became a member of the African Union in 2012 and the East African Community (EAC) in April 2016. It is making progress in adapting its national regulatory system to regional standards. South Sudan has joined the customs union of the EAC but is behind in implementing regulations. With the establishment of the National Revenue Authority, South Sudan had begun to implement EAC customs regulations and procedures. In March 2020, the President established the Ministry of East African Community Affairs in accordance with the peace agreement, which is tasked with overseeing integration into the EAC. South Sudan currently has nine members in EAC parliament and one South Sudanese judge in the EAC Court of Justice. While the government claimed it paid its arrears to the EAC in the fall of 2019, this has not been independently confirmed. South Sudan is not a member of the WTO.

****Legal System and Judicial Independence****

South’s Sudan’s legal system is a combination of statutory and customary laws. There are no dedicated commercial courts and no effective arbitration act for handling business disputes. The only official means of settling disputes between private parties in South Sudan is civil court, but enforcement of judgements and awards is weak or nonexistent. The weak civil justice system has led businesses to seek informal mediation, including through private lawyers, tribal elders, law enforcement officials, and business organizations. As a part of its membership in the EAC, South Sudan is subject to the jurisdiction of the East African Court of Justice (EACJ). The EAC treaty gives the EACJ broad jurisdiction including trade disputes and human rights violations, but the court only reviews 40 cases annually and results for South Sudanese legal community have been inconclusive.

The executive branch regularly interferes with the work of the judicial branch. State security forces have arrested and detained without charge parties to business disputes. The detention continues until the party agrees to make payments as directed by the authorities to “resolve” the case. High-level government and military officials are immune from prosecution in practice and frequently interfere with court decisions.

The lack of a unified, formal judicial system encourages “forum shopping” by businesses motivated to find the venue in which they can achieve the most favorable outcome. U.S. companies seeking to invest in South Sudan face a complex commercial environment with extraordinarily weak enforcement of the law. While major U.S. and multinational companies may have enough leverage to extricate themselves from business disputes, medium-sized enterprises (the more natural counterparts to South Sudan’s fledgling business community) will find themselves held to often capricious local rules.

****Laws and Regulations on Foreign Direct Investment****

Despite some improvements to the taxation system, the opacity and lack of capacity in the country’s legal system poses high risk to foreign investors. South Sudan’s National Revenue Authority had centralized and standardized collection of Personal Income Tax and customs duties. A One-Stop Shop Investment Centre (OSSIC) was established in 2012 but there is no website or advertised physical office. In practice, someone who wishes to register a business must rely on a local lawyer to register the business with the registrar at the Ministry of Justice and with other relevant authorities such as tax authorities.

**Competition and Antitrust Laws**

South Sudan does not review transactions for competition-related concerns. There were no significant developments in 2020.

****Expropriation and Compensation****

The Investment Promotion Act of 2009 prohibits nationalization of private enterprises unless the expropriation is in the national interest for a public purpose. The act does not define the terms “national interest” or “public purpose.” According to the act, expropriation must be in accordance with due process and provide fair and adequate compensation, which is ultimately determined by the local domestic courts.

Government officials have pressured development partners to hand over assets at the end of programs. While some donor agreements call for the government to receive goods at the close-out of a project, local government officials have seized assets even in the absence of a formal agreement.

Although officially denied, credible reports from humanitarian aid agencies indicate that both government and opposition forces routinely extort money at checkpoints to allow the delivery of humanitarian aid throughout the country.

In practice, the government has not offered compensation for expropriated property. For example, in October 2018 the government expropriated the assets of Kerbino Wol Agok, a high-profile prisoner of the National Security Service, with no apparent judicial process. The government seized his companies and their bank accounts and fired all company employees. In 2019, a court sentenced Kerbino to ten years in prison for acts committed after his arrest; he was released in January 2020 under presidential pardon.

Due to the insufficiencies in the legal system, investors should not expect to receive due process or have the terms of their contracts honored. Investors face a complex commercial environment with a relatively weak civil justice system.

****Dispute Settlement****

***ICSID Convention and New York Convention***

South Sudan signed and ratified the ISCID Convention on April 18, 2012 and it entered into force on May 18, 2012. Currently South Sudan is not a signatory to the convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958 New York Convention).

There is no specific domestic legislation that enforces awards under the ICSID convention.

***Investor-State Dispute Settlement***

South Sudan does not have a Bilateral Investment Treaty (BIT) or Free Trade Agreement (FTA) with the United States.

Numerous private companies, including at least one U.S. company, claim the government has reneged on or delayed payment for work under contract in recent years. For example, in November 2017, South Sudan stopped issuing and renewing passports and other travel documents after its production system was shut down for two weeks by the country’s German supplier, due to the government’s failure to pay an annual software license fee of around $500,000. The government again failed to pay its annual fees in November 2019 and the service provider stopped issuing passports for South Sudan for two weeks.

In March 2018, the government suddenly suspended Lebanese-owned cell phone service provider Vivacell, which had previously been South Sudan’s largest telecommunications company with a 51 percent market share and equipment installed throughout the country, due to an alleged failure to pay taxes.

There is a history of extrajudicial action against foreign investors. Parties in contract disputes are sometimes arrested and imprisoned until the party agrees to pay a sum of money, often without going to court and sometimes without formal charges.

***International Commercial Arbitration and Foreign Courts***

There are no official arbitration bodies in South Sudan. South Sudan lacks any dedicated legal framework to enforce foreign judgments.

As a part of its membership in the EAC South Sudan is subject to the jurisdiction of the East African Court of Justice (EACJ). The EAC treaty gives the EACJ broad jurisdiction beyond trade disputes, including human rights violations. Though results have proved inconclusive, members of South Sudan’s legal community have taken cases to the EACJ in the past. The capacity of the EACJ is limited, however, as it only hears about 40 cases per year. Moreover, cases must be filed in Arusha, Tanzania. Plans for opening an office in Juba are ongoing.

****Bankruptcy Regulations****

The 2011 Insolvency Act provides for both personal and corporate bankruptcies. Given the lack of commercial courts, there is little information available about the rights of creditors in practice. South Sudan is tied for last place in the World Bank’s 2020 Doing Business Report ranking for “resolving insolvency.”

							4. Industrial Policies					

****Investment Incentives****

The Investment Promotion Act provides for various tax incentives, including capital allowances ranging from 20 to 100 percent of eligible expenditures, deductible annual allowances ranging from 20 to 40 percent, and depreciation allowances ranging from 8 to 10 percent. A foreign tax credit is granted to any resident company paying foreign taxes on income from business activities outside South Sudan. In practice, the exact incentive structure is somewhat unclear.

Applications for fiscal incentives are made to the Ministry of Finance, Commerce, Investment and Economic Planning through the One Stop Shop Investment Centre (OSSIC). Tax exemptions and concessions on machinery, equipment, capital and net profits were approved for stated periods by the Ministry of Finance, at its discretion. In May 2019, the National Revenue Authority became the institution that approved tax exemptions. The question of which body has the legal authority to approve tax exemptions is currently under discussion in the Public Financial Management Oversight Committee. Fiscal incentives also include capital allowances, deductible annual allowances, and annual depreciation allowances.

The government has been known to guarantee foreign direct investment projects with oil deliveries, although as of 2021, the government has said it will make in-kind payments for future projects. However, due to a lack of transparency in government procurement and finance, it is unclear to what extent the country’s oil production has been leveraged and thus it is impossible to ascertain the likelihood that the country will honor such commitments.

****Foreign Trade Zones/Free Ports/Trade Facilitation****

South Sudan has not established any free trade zones. On June 22, 2013, the government of South Sudan announced the construction of the Juba Specialized Economic Zone (SEZ), near the capital. In addition, the government proposed a SEZ in Terekeka, Central Equatoria State and Renk, Upper Nile State. The government of South Sudan left the development of the SEZs to private investors, but development of the areas has not progressed. In October 2020 Sudan and South Sudan announced a plan to establish a free trade zone in the Jabalein locality at the White Nile state of Sudan to promote and develop border trade between the two countries.

**Performance and Data Localization Requirements**

South Sudan’s 2017 Labor Act dictates that 80 percent of staff at all levels of management must be South Sudanese nationals. Additionally, authorities in some areas of the country have demanded that NGOs employ not only South Sudanese nationals, but people from a specific area or from a specific ethnic group, despite the lack of a legal basis. The law makes no specific mention of senior management and boards of directors. The government requires work permit fees for foreign nationals. These are typically several thousand dollars per employee, but the exact amounts change regularly. Foreigners are also subject to a variety of registration requirements, which also change frequently and unpredictably.

In consideration of entitlement to an investment certificate, the Investment Act encourages, but does not require, technology transfer, increases to foreign exchange through exports or import substitution, use of local raw materials and supplies, and contributions to the local community. For entitlement to an investment certificate, the Investment Authority is required by law to assess whether the investment will create employment for South Sudanese nationals, allow them to acquire new technological skills, and the expected tax revenues. The use of domestic content in goods or technology is encouraged, but not required.

The Investment Authority may revoke an investment certificate due to breach of performance requirements with 30 days’ notice. There are no provisions regarding maintenance or adjustments to performance requirements. The Investment Act applies these requirements equally to domestic and foreign investors.

There are no known requirements for foreign IT providers to turn over source code or provide access to encryption. No measures are known to exist to prevent companies from transferring customer or other business data outside the country. There are no known rules on maintaining data storage within the country.

							5. Protection of Property Rights					

****Real Property****

The World Bank-funded South Sudan Country Report Findings of the Land Governance Assessment Framework assessed South Sudan’s underdeveloped legal and institutional framework reflects the difficulties that the country has faced in establishing effective governance and rule of law institutions after decades of conflict. Although significant legislative reforms have been made since the end of the war in 2005—including the passing of the 2009 Land Act and the 2009 Local Government Act—the laws remain largely unimplemented. Most land governance institutions operate according to procedures developed in the colonial era, and there is a wide divergence between law and practice. Bridging this gap has been one of the most difficult challenges of the postwar period. Institutional arrangements are also undermined by poor coordination among formal institutions at each level of government (horizontal overlap), between the three branches of government (vertical overlap) and between the formal and customary systems. While dated, this report is presumed to largely remain accurate and given the fighting since, perhaps understates the complexity of problem. (See the full report here: http://documents.worldbank.org/curated/en/756521504872888898/text/119635-WP-P095390-PUBLIC-7-9-2017-10-34-1-SouthSudanCountryReport.txt).

Ownership of land is often unclear, with communities and government often claiming the same property. In some cases, multiple individuals hold registration certificates demonstrating sole ownership of the same piece of land. For instance, in June 2020 a relative of President Kiir, Lual “Marine” Akok, and some security personnel killed at least five people in Juba during a violent confrontation over a land dispute and subsequent peaceful protests; Lual Akok was subsequently killed. Separately, in February 2021 ten traditional chiefs from South Sudan’s Central Equatoria state demanded the state government stop a campaign of alleged illegal land expropriation and threatened the use of force unless officials intervene.

Marino Marcellino, head chief of Tokiman village, said some flood-displaced residents of Bor in Jonglei state had seized plots in his area and were selling them using fake title deeds. There was no progress in 2020 towards comprehensive land reform. There are no laws on mortgages, valuation, or the registration of titles. While the 2009 Land Act and the 2009 Investment Promotion Act both state that non-citizens can lease land for investment purposes, foreign ownership is prohibited and clear regulations governing how a business could access land for investment use were not available.

Currently, some businesses lease land from the government, while others lease land directly from local communities and/or individuals. Under the Land Act, investment in land acquired from local communities must contribute economically and socially to the development of the local community. Businesses will often sign a memorandum of understanding with the local communities in which they agree to employ locals or invest in social services in exchange for use of the land. Land negotiations with communities often require several months or longer to complete. South Sudan ranked 177 out of 185 countries for ease of registering property in the World Bank’s 2020 Doing Business Report.

As of May 2021, 3.8 million South Sudanese were internally or internationally (refugees) displaced from their homes due to conflict. During the five-year civil war, many of their houses were illegally occupied and likely remain so. Property owners or public authorities may file for an order to evict unauthorized occupants under the Land Act. While the rightful owners may hold clear land titles, it is unclear if the legal system is equipped to handle their claims and it is likely that land ownership will be regularly disputed throughout large parts of the country in the foreseeable future.

****Intellectual Property Rights****

The legal structure for intellectual property rights (IPR) is weak and enforcement is lax. Recorded instances of intellectual property theft are rare due to lack of capacity. While the Investment Act of 2009 includes an article on the protection of IPR, implementing legislation on trademarks, copyrights, and patents has not yet been passed. To date, the only intellectual property law which has been put forward to the legislature is the Trademarks Bill of 2013. No new IP-related laws or regulations were enacted in the past year.

South Sudan does not track or seize counterfeit goods. There has been no known prosecution of IPR violations and there are no estimates available for traffic of counterfeit goods. There was one report of an unauthorized public screening of a U.S. film in 2018.

South Sudan is not included in the United States Trade Representative (USTR) Special 301 Report or the Notorious Markets List.

For additional information about national laws and points of contact at local IP offices, please see WIPO’s country profiles at http://www.wipo.int/directory/en/.

							6. Financial Sector					

****Capital Markets and Portfolio Investment****

The Investment Act mentions portfolio investment, but South Sudan does not have a functioning market for financial assets. South Sudan does not have a stock market or related regulatory system. There are no known policies for promotion of investment into product and factor markets.

South Sudan’s formal financial system offers few financial products. It is difficult for foreign investors to get credit on the local market due to the shortage of hard currency, the lack of accurate means of obtaining reliable figures or audited accounts, the absence of a credit reference bureau, and South Sudan’s failure to document land ownership properly. According to the World Bank, 50 percent of all South Sudanese firms cite access to finance as a constraint.

Banks are often unwilling to lend due to the lack of adequate laws to protect lenders and difficulties related to personal identification. After the Bank of South Sudan confiscated commercial banks’ reserves on deposit at the central bank in 2015, diverting them to the use of the government, companies and individuals had difficulty accessing their funds. This made depositors reluctant to trust their funds to the banking system.

The Bank of South Sudan launched treasury bills on August 18, 2016 for purchase by members of the public, companies, and commercial banks. This lasted until April 2017, when people stopped investing in the bills due to high inflation and a lack of a secondary market for them. The bank had previously issued treasury bills in 2012 without success. In November 2020, the government said the Bank of South Sudan would issue central bank bonds as investment vehicles, but these have not yet appeared in the market.

****Money and Banking System****

The public and private financial sectors are in distress. The banking sector faces significant challenges because of the civil conflict, high inflation, and a volatile currency. The economy of South Sudan is cash-based with limited use of demand deposits. The IMF has categorized South Sudan’s financial sector as small and undeveloped. There are nine foreign-owned banks. There are no known restrictions on a foreigner’s ability to establish a bank account. In September 2019, South Sudan introduced mobile money via two private sector companies to boost digital transactions. Remittances to Uganda and Kenya across one of the platforms began in April 2020.

Many international banks operating in South Sudan had to restructure and recapitalize following government defaults in 2015. As a result, most international banks operate as foreign exchange traders or deposit holders. The limited lending banks do conduct are to businesses with well- documented contracts with international organizations and government employees. Anecdotal reports indicate, however, that even this limited lending contracted in 2019. This behavior would seem to be confirmed by the IMF’s April 2019 report where it indicated that non-performing loans for foreign and domestic banks were on the rise. Many domestic banks are heavily undercapitalized.

**The Bank of South Sudan, the central bank, has limited assets and functions more as a commercial bank servicing the governments transactions than as a monetary policy institution.**

****Foreign Exchange and Remittances****

***Foreign Exchange***

Foreign investors cannot remit funds through the parallel market. They are required by law to remit through banks or foreign exchange bureaus at an exchange rate that is below the market rate.

The Executive Board of the IMF on March 20, 2021 approved a disbursement of SDR 123 million (50 percent of quota or about US$ 174.2 million) to South Sudan under the Rapid Credit Facility (RCF) program. This second IMF disbursement to South Sudan will provide foreign exchange and budgetary support, both necessitated in part due to the sharp decline in international oil prices triggered by the COVID-19 pandemic and devastating floods. This disbursement follows a smaller disbursement of approximately $52 million in December 2020 used to pay civil service salary arrears. The Bank of South Sudan has been holding weekly dollar auctions since December 2020 for foreign exchange bureaus and expanded this practice to commercial banks in April 2021. As of May 2021, sales of dollars into the economy have caused an approximately 30 percent appreciation in the value of South Sudanese Pound against the dollar in the unofficial forex parallel market. Simultaneously, the Bank of South Sudan has been devaluing the official SSP-dollar exchange rate daily at a controlled rate. As a result, the gap between the official reference exchange rate and the unofficial parallel market rate shrank by 90 percent in four weeks (April 18 – May 18, 2021).

The 2009 Investment Promotion Act guarantees unconditional transferability in and out of South Sudan “in freely convertible currency of capital for investment; payments in respect of loan servicing where foreign loans have been obtained; and the remittance of proceeds, net of all taxes and other statutory obligations, in the event of sale or liquidation of the enterprise.” In reality, the ability to exchange local currency for foreign currency is severely restricted. Some international and U.S. businesses have complained that the inability to repatriate proceeds has hurt their businesses.

***Remittance Policies***

The World Bank estimated remittances to South Sudan at roughly $600 million in 2018, roughly 14 percent of GDP. As markets contract globally and earners are impacted by lockdowns, trade disruptions, layoffs, and illness, the amount of remittance inflows is likely to drop. During the 2008 financial crisis and the 2017 oil slump, remittance inflows dropped by 4 percent and 11 percent, respectively. Given the global scale and economic impact of COVID-19, decreases in remittances are likely to be larger than in the two previous crises. Interconnectivity of mobile money platforms between Kenya, Uganda and South Sudan, might counter this by boosting transactions.

There have been no recent changes to investment remittance policies, and no known waiting periods on remittances.

****Sovereign Wealth Funds****

The Petroleum Revenue Management Act of 2013 created a sovereign wealth fund (SWF) to set aside surplus profits from oil sales. The law established the Oil Revenue Stabilization Account to act as a buffer against volatility in oil prices and the Future Generations Fund to set aside some funds for future generations. The SWF is supposed to distribute 10 percent of oil profits into the Oil Revenue Stabilization Account and 15 percent to the Future Generations Fund. To date, however, neither has received any financing. The Comprehensive Peace Agreement (CPA) that ended the civil war with Sudan set a 2 percent share of oil revenue for the oil producing states along with a 3 percent share to the local communities. However, in August 2017, the government announced that it would stop paying these shares. The September 2018 peace agreement calls for full implementation of Petroleum Revenue Management Act revenue sharing provisions. In April 2021 the Auditor-General reported that the shared intended for state and local governments in the oil producing regions have been diverted to the Office of President, the Ministry of Finance, and other unauthorized entities with an estimated loss to the intended recipients of over $31 million.

							7. State-Owned Enterprises					

The national oil company – Nile Petroleum Corporation, or Nilepet – remains the primary fully State-owned enterprise (SOE) in South Sudan. The government owns stakes in construction and trade companies and in several banks. Limited data are available on number, total income, and employment figures of SOEs. There is no published list of SOEs.

Nilepet, created by statute, is the technical and operational branch of the Ministry of Petroleum. Nilepet took over Sudan’s national oil company’s shares in six exploration and petroleum sharing agreements in South Sudan at the time of the country’s independence in 2011. Nilepet also distributes petroleum products in South Sudan. The government, through Nilepet, holds minority stakes in other oil producing joint ventures operating in South Sudan.

The Petroleum Revenue Management Bill, which governs how Nilepet’s profits are invested, was enacted into law in 2013; however, the company has yet to release any information on its activities, even though the law states that comprehensive, audited reports on the company’s finances must be made publicly available.

The government is not transparent about how it exercises ownership or control of Nilepet. Its director reports to the Minister of Petroleum. Nilepet’s revenues and expenditures are not disclosed in the central government budget. No audited accounts of Nilepet are publicly available. After the January 2012 oil production shutdown, oil production recovered to more than 235,000 barrels per day at end of 2013, only to fall to about 160,000 barrels per day in early 2014 as a result of the conflict that started in December 2013. As of January 2021, the Undersecretary at the Ministry of Petroleum reported that oil production dropped to 165,000-170,000 barrels per day from the 178,000 barrels per day in early 2020.

In March 2018, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce amended the Export Administration Regulations (EAR) to add Nilepet and several related companies to the Entity List, along with the Ministry of Petroleum and the Ministry of Mining, due to their role in worsening the conflict in South Sudan. The Entity List identifies entities, including corporations, private or government organizations, and natural persons, and other persons reasonably believed to be involved, or to pose a significant risk of being or becoming involved, in activities contrary to the national security or foreign policy interests of the United States.

The U.S. Government assesses the 15 entities BIS added to the Entity List as contributing to the ongoing crisis in South Sudan because they are a source of substantial revenue that, through public corruption, is used to fund the purchase of weapons and other material that undermine the peace, security, and stability of South Sudan rather than support the welfare of the South Sudanese people. Adding these entities to the Entity List is intended to ensure that items subject to the EAR are not used to generate revenue to finance the continuing violence in South Sudan. The following 15 entities are the first South Sudanese entities added to the Entity List: Ascom Sudd Operating Company; Dar Petroleum Operating Company; DietsmannNile; Greater Pioneer Operating Co. Ltd; Juba Petrotech Technical Services Ltd; Nile Delta Petroleum Company; Nile Drilling and Services Company; Nile Petroleum Corporation; Nyakek and Sons; Oranto Petroleum; Safinat Group; SIPET Engineering and Consultancy Services; South Sudan Ministry of Mining; South Sudan Ministry of Petroleum; and Sudd Petroleum Operating Co.

These 15 entities are subject to a license requirement for all exports and reexports destined for any of the entities and transfers (in-country) to them of all items subject to the EAR with a licensing review policy of a presumption of denial. This license requirement also applies to any transaction involving any of these entities in which such entities act as a purchaser, intermediate consignee, ultimate consignee, or end-user. Additionally, no license exceptions are available to these entities.

If any person participates in a transaction described above involving any of these 15 entities without first obtaining the required license from BIS, that person would be in violation of the EAR and could be subject to civil or criminal enforcement proceedings. Civil enforcement could result in the imposition of monetary penalties or the denial of the person’s export privileges. Additionally, a person’s supplying or procuring items subject to the EAR or engaging in other activity involving an entity on the Entity List could result in a determination to add that person to the Entity List consistent with the procedures set forth in the EAR.

The regulation can be viewed on the Federal Register at https://www.gpo.gov/fdsys/pkg/FR-2018-03-22/pdf/2018-05789.pdf.

The country does not adhere to the OECD Guidelines on Corporate Governance for SOEs.

****Privatization Program****

South Sudan does not have a privatization program. So far, the government has no plans for privatization, and there are few government-owned entities that provide services to individuals.

							8. Responsible Business Conduct					

The idea of responsible business conduct is new in South Sudan, and there is little awareness of standards in this area. The few large international firms operating in South Sudan sometimes offer some basic benefits to local communities but on an irregular basis. The 2009 Land Act requires investment activities carried out on land acquired from local communities to “reflect an important interest for the community or people living in the locality,” and to contribute economically and socially. There are complaints in the media about the number of foreign-owned companies and the lack of hiring of South Sudanese employees. International observers have argued that many of the oil producing companies do not practice responsible behavior in regard to environmental damage in the oil fields.

The 2018 peace agreement and some national laws (such as the Petroleum Act) contain responsible business conduct provisions, but they are unenforced. The environmental and human rights impact of oil pollution has been severe, but the government has not responded to widespread damage to the environment and displacement of people. The government has demonstrated little capacity or will to enforce laws on human rights, labor rights, consumer protection, environmental protections, and other laws/regulations intended to protect individuals from adverse business impact. The government has not put in place corporate governance, accounting, and executive compensation standards to protect shareholders. NGOs have promoted responsible business conduct, particularly in the environmental domain, but activists and reporters in this field have reported that they are subject to government harassment.

The government does not encourage adherence to the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Afflicted and High-Risk Areas, and there are no functioning domestic measures related to such due diligence. South Sudan is a source of minerals originating from conflict-affected areas and there is little oversight of the extractive industries such as gold.

The government does not participate in the Extractive Industries Transparency Initiative (EITI) and while the law requires the disclosure of payments made to the government in regard to oil sales, in reality disclosure is nonexistent.

***Additional Resources***

Department of State

- Country Reports on Human Rights Practices;
- Trafficking in Persons Report;
- Guidance on Implementing the “UN Guiding Principles” for Transactions Linked to Foreign Government End-Users for Products or Services with Surveillance Capabilities  and;
- North Korea Sanctions & Enforcement Actions Advisory.

Department of Labor

- Findings on the Worst forms of Child Labor Report;
- List of Goods Produced by Child Labor or Forced Labor;
- Sweat & Toil: Child Labor, Forced Labor, and Human Trafficking Around the World  and;
- Comply Chain.

							9. Corruption					

South Sudan has laws, regulations, and penalties to combat corruption, but there is a near total lack of enforcement and considerable gaps exist in legislation. As a result, corruption is pervasive.

Companies are reportedly asked to pay extralegal taxes and fees. Security officials have been reported to impose business conditions including payment of fees, salaries, and logistical support to their operations. In practice, politically connected people are immune to prosecution. There are no laws that prevent conflict of interest in government procurement.

The government does not encourage or require private companies to establish internal codes of conduct that, among other things, prohibit bribery of public officials. There is no indication that private companies use internal controls, ethics, and compliance programs to detect and prevent bribery of government officials.

The South Sudan Anti-Corruption Commission (SSACC) was established in accordance with the 2005 Constitution and the 2009 SSACC Act. The five commission members and chairperson are appointed by the President with approval by a simple majority in the parliament. The commission is tasked with protecting public property, investigating corruption, and submitting evidence to the Ministry of Justice for necessary action. In addition, the commission is tasked with combatting administrative malpractice in public institutions, such as nepotism, favoritism, tribalism, sectionalism, gender discrimination, bribery, embezzlement, and sexual harassment.

In reality, the SSACC lacks the resources or political support to investigate corruption. It has no independent arrest or prosecution authority or capacity to address state corruption; it can only relay its findings to the Ministry of Justice for prosecution. There were no significant anti-corruption cases investigated or prosecuted in 2020.

South Sudan acceded to the United Nations Convention against Corruption on January 23, 2015 but has not yet ratified it. The country is not a party to the OECD Anti-Bribery Convention and is not reported to be a participant in regional anti-corruption initiatives.

The country provides no protection to NGOs or journalists involved in investigating corruption. NGOs and journalists of all types are routinely subject to government harassment.

All major sectors including the extractive sector, hotels, airlines, banking, and security sectors are subject to interference from the security sector including recruitment and demand for payments of fees and salaries.

***Resources to Report Corruption***National Audit ChamberP.O. Box 210Juba, South SudanTel: +211(0)955481021info@auditchamber-ss.org

Honorable Ngor Kulong NgorChairpersonSouth Sudan Anti-Corruption CommissionP.O Box 312

Juba, South Sudananticorruptioncommission@yahoo.co.uk; sssaccchair@gmail.com

+211(0) 927117414; +211(0)0929201028

Akuei DengExecutive SecretarySouth Sudan Anti-Corruption CommissionP.O Box 312

Juba,South Sudananticorruptioncommission@yahoo.co.uk+211912979575

Contact at “watchdog” organizations:

UN Panel of Experts on South SudanMr. David Biggs (Senior Committee Secretary)Tel: +1(212)9635598sc-2206-committee@un.org

Transparency InternationalAlt-Moabit 9610559 Berlin GermanyTelephone: +49 30 3438 200Fax: +49 30 3470 3912 ti@transparency.org

The Sentry c/o The Enough Projectc/o The Enough Project1420 K Street, NW, Suite 200Washington, DC 20005 info@thesentry.org

							10. Political and Security Environment					

There is a long history of politically motivated violence in South Sudan. The warring parties concluded a peace agreement in September 2018 to stop the civil war that broke out in 2013. Limited fighting continues in some parts of the country between the government and the opposition parties who are non-signatories to the 2018 peace deal, but in general, the ceasefire has held. However, persistent sub-national violence in multiple parts of the country has increased since 2019, stemming from complex socioeconomic, ethnic, and political causes. After much debate, the incumbent government established ten states plus three administrative areas, facilitating the implementation of the September 2018 peace deal and paving the way for the formation of the transitional government. In February 2020, President Kiir dissolved the former government and appointed five vice presidents and cabinet ministers as part of the implementation of the peace agreement. In March 2020, President Kiir established the ministries of investment and East African Community affairs and appointed ministers, in accordance with tenants of the peace deal this included representatives from the incumbent government and opposition parties (signatories to the peace agreement). While these steps are positive, implementation of the terms of the peace deal has been significantly behind schedule and remains incomplete; the country continues to be plagued by large-scale displacement, widespread food insecurity, severe human-rights abuses, restricted humanitarian access, and harassment of aid workers and journalists. The effects of the war on the economy and investment will be evident for some time.

Previous violence during conflict with Sudan resulted in damage to installations in one of the major oil producing areas in the country, shutting down production in that region. Repairs to these facilities began in 2018, allowing for an increase in oil production.

The environment remains insecure but hopes of peace have been rekindled with signing of a new peace agreement in September 2018. The parties, however, remain behind in implementation as of May 2021.

As of March 2021, the United Nations Office for the Coordination of Humanitarian Affairs in Juba reported 1.6 million Internally Displaced Persons (IDPs) in South Sudan, and an additional 2.2 million South Sudanese refugees in neighboring countries. The government has not yet developed the conditions that would allow IDPs and refugees to safely return home. Political opposition leaders faced illegal detention and travel restrictions in 2018. The government has temporarily shut down several newspapers and detained journalists it accused of printing articles opposing policies or actions undertaken by the government.

The conflict severely disrupted trade, markets, agricultural activities, claimed hundreds of thousands of lives, and spurred one of the world’s most serious humanitarian crises. The conflict was marked by grave human rights abuses, especially pervasive gender-based violence. The UN projected that in February and March 2021 time frame 8.3 million South Sudanese out of a population 12.1 million will likely face Crisis (IPC Phase 3) or worse acute food insecurity. During 2018 and 2019 the bulk of U.S. and the international community’s support efforts were directed at the immediate needs of the ongoing humanitarian crisis brought on by the civil conflict. Other development assistance has been significantly reduced.

NGOs complain of harassment, and aid convoys came under attack in 2018, 2019, 2020 and 2021. The UN OCHA in its Quarterly Humanitarian Access Snapshot report mentioned that attacks on clearly marked humanitarian vehicles continued. Twenty-four ambushes were reported along major supply routes in South Sudan, causing injury to NGOs personnel, damage to assets and hindering the delivery of aid. Ambushes were reported in Central Equatoria State, Greater Pibor Administrative Area, and Warrap State. Attacks on humanitarian facilities and looting of supplies by criminals, community members, and armed youth groups continued, particularly in Pibor in Greater Pibor Administrative Area and Tonj in Warrap State, Torit in Eastern Equatoria State, Renk in Upper Nile State. These incidences affected the delivery of humanitarian assistance to thousands of people in the above-mentioned areas.

The Healix group of companies named South Sudan the most dangerous country in the world for aid workers in 2020 and came up top, after appearing fourth in 2019. The Department of State currently warns against travel to South Sudan due to the critically high risk of crime, kidnapping, and armed conflict. 11. Labor Policies and Practices

							11. Labor Policies and Practices					

South Sudan has a shortage of both skilled and unskilled workers across most areas in the formal sector. According to the 2008 census, 84 percent of those employed are in non-wage work. Unskilled labor in the service and construction sectors is often performed by immigrants from neighboring countries. This is in large part due to a lack of basic skills training. South Sudan has one of the worst adult literacy rates in the world: about 27 percent.

The five-year civil war has resulted in large swaths of people displaced from their homes (3.8 million are displaced internally or are refugees as of March 2021) and has devastated the economy.

Government enforcement of existing labor laws has been absent. Most small South Sudanese businesses operate in the informal economy, where labor laws and regulations are widely ignored.

The Labor Act of 2017 requires that 80 percent of staff hired by foreign employers at all levels of management be nationals of South Sudan. Government security offices have been reported to interfere with hiring in some cases. The Ministry of Labor thoroughly reviews all work permit applications to determine whether a position could be filled by a South Sudanese national. Some foreign-owned companies reported long delays in receiving work permits for expatriate staff, and many expatriates are issued work permits for just one to three months, rather than the standard one year. State and local authorities have also been reported to charge additional fees and attempt to restrict employment to people from a certain place or of a certain ethnic group.

The Labor Act establishes an “employment exchange” scheme for unemployed people that reserves vending, hawking, driving, office support staffing and other manual labor for nationals only. In April 2020, the World Bank approved $40 million for a social safety net program that will be conducted in South Sudan for the first time; no such programs exist at the national or sub-national levels. The Labor Act allows for Termination for Redundancy “due to changes in the operational requirements of the employer” with certain conditions, and requires severance pay. The law differentiates between this and several other forms of termination.

There are no special labor provisions to attract or retain investment. No formal functioning collective bargaining systems exist. Disputes are handled by the Ministry of Labor, courts, or through informal mediation. Foreign employers have reported being at a significant disadvantage in such disputes.

In July 2018, a mob of hundreds described as local youths attacked NGO facilities causing millions of dollars in damages in Maban. The government was slow to respond or investigate, and ultimately released the attack’s ringleaders shortly after arresting them. In 2018, some international organizations reported labor strikes from day wage-earners. Some international organizations reported strikes or blockages where locals protested the employment of South Sudanese from different ethnic groups perceived to be receiving favored treatment. On October, UNOCHA reported that an ethnically based association of local residents in Renk town of Upper Nile State demanded that humanitarian organizations reassign jobs to local residents of a specific ethnic group (Renk’s population is primarily Dinka). When their demands were not met, the group insisted that all humanitarian activities be suspended; aid workers left Renk immediately without taking their assets. Following an increase in threats against humanitarians and attacks against office, accommodation, and warehouse locations, almost 30 aid workers relocated to the closest UN Mission in South Sudan base for their safety.

Child labor is rampant, and the government does not enforce child labor laws through inspections or fines.

The most recent change to labor law was the Labor Act signed by the South Sudanese President in December 2017. 12. U.S. International Development Finance Corporation (DFC), and Other Investment Insurance or Development Finance Programs

							12. U.S. International Development Finance Corporation (DFC), and Other Investment Insurance or Development Finance Programs					

There is potential for successful DFC operations in South Sudan, but projects will need to be informed by best practices for operations in conflict-affected and fragile states. The DFC and its predecessor, the Overseas Private Investment Corporation (OPIC), have been open to business in South Sudan since 2012. South Sudan ratified its Investment Incentive Agreement (IIA) with OPIC in 2013. South Sudan is a member country of the Multilateral Investment Guarantee Agency. 13. Foreign Direct Investment and Foreign Portfolio Investment Statistics

							13. Foreign Direct Investment and Foreign Portfolio Investment Statistics					

 

**Table 3: Sources and Destination of FDI**Data not available.

**Table 4: Sources of Portfolio Investment**Data not available.

							14. Contact for More Information					

Albino NaphenEconomic/Commercial AssistantU.S. Embassy, Kololo Road, Juba, South Sudan\(U.S.) +1 (202) 216-6279, ext 355NaphenAJ@state.gov

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### On This Page

                    -  EXECUTIVE SUMMARY 
                    -  1. Openness To, and Restrictions Upon, Foreign Investment   
                    -  2. Bilateral Investment and Taxation Treaties   
                    -  3. Legal Regime   
                    -  4. Industrial Policies   
                    -  5. Protection of Property Rights   
                    -  6. Financial Sector   
                    -  7. State-Owned Enterprises   
                    -  8. Responsible Business Conduct   
                    -  9. Corruption   
                    -  10. Political and Security Environment   
                    -  11. Labor Policies and Practices   
                    -  12. U.S. International Development Finance Corporation (DFC), and Other Investment Insurance or Development Finance Programs   
                    -  13. Foreign Direct Investment and Foreign Portfolio Investment Statistics   
                    -  14. Contact for More Information   

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