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FEATURE-South Sudan: land of opportunity, if you don't mind risk=2

by Reuters
Wednesday, 30 November 2011 13:55 GMT

and destiny - that in itself adds an advantage."

Still, many complain that the peacetime investment boom has been lopsided so far. Development workers point out that many businesses are owned by foreigners, employ mostly foreigners, and send much of their earnings abroad.

Imposing a rule that requires companies to hire a certain percentage of South Sudanese workers could help, they suggest, although the war-battered education system is a hindrance.

The government is also pushing initiatives such as one to revamp textile, cement and food factories shuttered during the civil war, some of which date back to British colonial rule, to make more jobs for South Sudanese.

It's too early to say how such ventures will turn out, but diplomats and analysts say the country's leaders must show their people results soon if they are to forestall unrest.

South Sudanese are keenly aware that while oil revenues make the new nation one of the region's wealthiest per capita on paper, few have the income to show for it yet. (Editing by Sonya Hepinstall)

Our Standards: The Thomson Reuters Trust Principles.


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