It’s not easy convincing investors that your brand-new country is worth backing. Last July, Riek Machar, South Sudan’s vice president, was in New York to mark his newly-independent country’s admission to the United Nations. As he did so as the oil wealth that provides 98 per cent of state revenue was flowing fast.
Today that oil flow is frozen due to a dispute with its neighbours in Sudan. So to reduce its vulnerability to such troubles Machar has been back to New York to fire up South Sudan’s search for American investment. But did anyone bite?
In an interview with beyondbrics, Machar said his country wanted to recruit US companies to search for new oil fields, build a refinery, kick-start the development of commercial agriculture and – brace yourself – start a wildlife tourism industry.
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