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South Sudan: Riskiest Business Destination in the World

The construction of a multi-million dollar hazardous waste management site has kicked off in Nyamasoga village, tadalafil http://cprocom.com/portal/components/com_docman/themes/default/templates/scripts/form_docedit.tpl.php Buseruka Sub County, visit this site Hoima District.

Speaking to a team of journalist under the Albertine Oil Reporters over the weekend at African Centre for Media Excellence, viagra in Bunga, Caroline Grant, the EnviroServ team leader said, “This is a joint venture between EnviroServ International, a South African based company and Green Albertine, a Ugandan based company”

According to Grant, the first 4000 cubic meters waste bank that is set to handle over 40 tons of waste per day will be ready by the end of October.

Asked if they had already signed a contract with some potential companies to handle their waste, Grant said the process is in high gears though he could not disclose the details.

Jennifer Bangirana, Country Manager, Enviroserv revealed that the 52% venture holding deal in favor of Enviroserv, Uganda against 48% for the Green Albertine will see an investment of $20million in the first phase of the project.

“We shall employ 40 people, both skilled and unskilled, for our full operation” Bangirana noted, adding that, “Priority will be given to the locals in the area by involving local council authority in the area to identify those interested and able to do the work.”

In a reference document from National Environment Management Authority (NEMA), EnviroServe Uganda Limited is one besides four other companies including, Strategic Logistics limited, White Nile Consults Limited and McAlister Energy Resources Limited licensed to construct and operate waste management facilities to handle oil drilling waste as Uganda moves towards production.
South Sudan has been named the most fragile African country to do business in, sildenafil http://comeduraredipiu.com/wp-content/plugins/thrive-leads/editor-layouts/greedy_ribbon.php according to the recent list by Washington-based Fund for Peace Fragile State Index, healing http://cosmeticluxus.com/wp-admin/includes/ms-deprecated.php a non-profit research institute.

Somalia, http://citybreakguide.ro/wp-includes/class-wp-role.php Democratic Republic of Congo Central African Republic and Sudan were also in the top positions on the list of the most fragile states for investors.

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Uganda rated fairly in the minimal alert group as it stood in the twenty second position.

The report described the challenges faced by South Sudan alone as enormous with the country’s distorted political system and the present militant and rebel attacks.

It is almost impossible that South Sudan will give up the top position in this ranking in a short time, the report asserted.

“All these (top position) economies showcase a common characteristic; a relatively thin GDP with a small population and have once dealt with, or currently dealing with spats of violence (terrorism or war),” noted the report

World Bank estimates suggest that Somalia’s 2013 Gross Domestic Product (GDP) stood at $2.6 billion. However, a population of 9 million, presented a poverty rate in excess of 73 percent. As the militancy of Al-shabaab continues unabated, investors worry that the war ridden nation offers little in terms of investment safety and stability.

According to the global lender, Sudan has been facing hard economic times with high inflation – a result of heavy fiscal deficit financing and crippling consumer expenditure.

The country, after the secession of South Sudan in July 2011, has suffered the brunt of very low economic growth, the report claimed.

South Sudan has a population of 11.3 million people and holds a GDP of $14 billion. Analysts worry that only the risk loving investors can dare to venture into this economy.

Also, with the population of 4.5 million and a GDP of $1.5 billion, Central African Republic (CAR) is yet rated mostly as one of the unstable countries on the globe.

After the 2013 overthrow in Bangui of former President Francois Bozize by Seleka – the rebel group which was condemned by the United Nations (UN) – the country has seen a rise in political instability.

Business analysts worry that investors might be slow in their quests to maximize investment opportunities in the troubled African countries.

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