OPIC, South Sudan sign investment agreement Business Wire Washington, 17/04/13 - The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today signed an Investment Incentive Agreement with the Government of South Sudan supporting U.S. private sector investment in Africa’s newest nation. The agreement was signed by OPIC Executive Vice President Mimi Alemayehou and South Sudan’s Minister of Commerce, Industry & Investment Garang Diing Akuong at the U.S. Government-sponsored South Sudan Investment Forum, organized by the U.S. Agency for International Development (USAID).
The agreement affirms the two countries’ commitment to encourage U.S. private sector investment in South Sudan. It also streamlines OPIC’s ability to support U.S. companies’ investments that contribute to the economic development of the country. This agreement is the culmination of discussions that started last fall, when OPIC President and CEO Elizabeth L. Littlefield travelled to Juba to commit to negotiating the agreement and began exploring U.S. investment. OPIC has been actively seeking private sector investors to identify projects important to South Sudan’s economic development. The first investment OPIC will support in South Sudan is the construction and operation of a 150-room hotel in Juba by Aquila Investments LLC, a Delaware-based company Taher Investments, a Jordan-based company. The hotel will provide business-friendly accommodations for foreign investors and people in the development community. The project will also support local job creation in a country dealing with high levels of unemployment. -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
