South Sudan signs MoU with UAE Investment Company ABU DHABI – UAE, 12 January 2012 – As part of the ongoing efforts to mobilize foreign investment to the country, the newly founded and underdeveloped Republic of South Sudan has signed a Memorandum of Understanding (MoU) with the leading Abu Dhabi Investment Company of the United Arab Emirates (UAE) in order to invest in various sectors in South Sudan.
The Company has expressed its willingness and readiness to invest in South Sudan and also help to mobilize other partners from Europe, America and Asia to invest in the country. The Vice President of the Republic of South Sudan, Hon. Dr. Riek Machar, signed the MoU with the Company’s CEO, Nazem Fawwaz Al Kudsi yesterday in Abu Dhabi city. Areas of cooperation and investment by the company include railways, roads and bridges, housing estate, aviation, shipping, energy and utilities, oil and gas services, financing and securitization, telecommunications, ICT services, minerals and mining, banking, sports facilities, among others. Relevant respective ministries in South Sudan will work out the details of the priority areas or projects with the company. The governor of Unity state, Taban Deng Gai, also signed a MoU with the same company, at the same occasion, on infrastructures projects in his state. The Abu Dhabi Investment Company, also known as ‘Investment AD’, was founded in 1977 by decree of the late His Highness Sheikh Zayed Bin Sultan Al Nahyan, ruler of Abu Dhabi and President of the United Arab Emirates. It was originally to invest on behalf of the Abu Dhabi government. In 2007 the company was given a new mandate, to attract and manage third-party funds, in addition to the investment of government assets. Owned by the Abu Dhabi Investment Council, Invest AD is closely aligned with the long-term diversification and growth objectives of the Abu Dhabi authorities as expressed in the government’s long-term strategy, the Abu Dhabi 2030 Vision, with special focus on Africa and the Middle East. Dr. Machar also met with a number of other potential investors who similarly expressed their interest to invest in the region. He told the investors that his country is managing high expectations of the people after the region gained independence from the Sudan in July 2011, adding that South Sudan seeks to mobilize up to 500 billion worth of investment in the next five years. Reported by James Gatdet Dak, the Vice President’s Press Secretary Public accounts report presented to the SSNLA JUBA, 12 January 2012 – The South Sudan Legislative Assembly in its Sitting No. 45/2012 held at the SSNLA Main Hall yesterday Wednesday 11th January 2012 received a presentation of the Public Accounts Committee Report on the Audit Reports of the Fiscal Years 2005/2006 by Hon. Kom Kom Geng, the chairperson of the committee. The report is the result of two reports of financial reports of 2005/2006 in accordance with regulation 133 (7) of the adopted Southern Sudan Legislative Assembly Conduct of Business Regulations, 2011. The two reports on public expenditure and revenue collection by the former Government of South Sudan (GOSS) cover oil revenue, non oil revenue, pay roll expenditure, operation expenditure, capital expenditure, and bank and cash accounts. The reports cover operations of the three arms of the Government of Southern Sudan which are the Executive, Legislature and Judiciary. The report blamed the Government of National Unity (GoNU) for lack of information on oil revenue. The report indicated that US $ 80,600,000 and 78,800,000 were accounted for by GoNU. Non oil revenues were remittances to the Ministry of Finance and Economic Planning (MoFEP). Reported by Clement Aturjong Kuot Ministry of Information reviews policy for 2012 JUBA, 12 January 2012 (NASS) – The national Ministry of Information and Broadcasting of the Republic of South Sudan has reviewed its policy for better performance in the year 2012. In its first meeting of the year 2012 held yesterday at the headquarters, the ministry promises to change the previous policies guiding its units. The meeting resolved to change recruiting policies of the various units of the ministry, more especially on television that requires high level of professionalism. It further decided to enhance the training system and extend to the states so that reporting from there is more effective. In his comments during the meeting, the Director of South Sudan Television, Mr. Francis Duku said the work of television will never be effective if the budget for TV is not increased because most things particularly programs need huge sums of money. But, the minister for Information and Broadcasting Hon. Dr. Barnaba Marial Benjamin disclosed that Japan assistance on the media is on the way. “At some point in my trip to Japan for the peace building and reconstruction symposium, the Director of Television in the Republic of Japan had promised to equip South Sudan television studios and the news agency of South Sudan”, said Hon. Marial. He pointed out that the government of Japan has already carried out assessment on the situation of the SSTV and Radio and said that what remains is only the support which is highly expected. Reported by Martin Jada Gabriel, News Agency of South Sudan (NASS) -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/SouthSudanKob?hl=en.
