There has been an increase in the number of foreign investors in various countries on the African continent. If you are looking for a place to invest your money and gain profit, you should consider South Sudan.
South Sudan is one of the youngest countries in Africa and has a lot to offer. If you are not aware of why many foreign companies are investors are showing interest in the country, the article will share some insights. Below are some of the reasons why you should invest in South Sudan.
Raw Materials
As many people have come to know, the African content is rich in many varieties of minerals. Mining is one of the most profitable investments in many parts of the African continent, including South Sudan. Companies like Lundin have made a fortune in South Sudan by mining for oil.
Though some of the members of Lundin are facing charges, the company has stated many times that the allegations are far from the truth. If you invest in mining oil in South Sudan, you are bound to make a lot of profit.
Economy
The South Sudan economy is growing at a first-rate. The country has many sectors that are currently doing well and have a lot of potentials to grow. Many industries are developing with the economy. This includes the construction industry.
The construction industry has been rapidly growing as many roads, and the building is being constructed. Other sectors that are growing as a result of development include the manufacturing and health industry.
Labor
South Sudan has many young people who are highly skilled and are ready to work. Many investors have ended up making losses in countries with less workforce. Like many other developing countries, it is slightly cheaper to employ people in South Sudan, which means that you will make more profit. As many are highly skilled, no matter the sector you chose to invest in, you can be sure of getting a workforce who are hard working.
Tax
The South Sudan government has put in several measures, including lowering their taxes for those willing to invest in the country. This has worked like a charm; many foreign investors have invested in the countries as they do not have to pay hefty charges. By investing in the beautiful country of South Sudan, you can be sure of making more money as it has friendly taxation policies for investors.
Now that you know some of the things South Sudan has to offer, you should consider investing in the country.