Michael Mario Wosang, Managing Director of Nile Commercial Bank, introduced South Sudan’s investment policies, such as guarantees against expropriation, protection of Intellectual property laws, and dispute resolution. He also emphasized that the government is to encourage new banks, mobile banking, and a system of training and assistance for local entrepreneurs.

In recent years more than 100 Chinese enterprises have entered South Sudan. This includes major names like ZTE, Sinopec, Shandong High-Speed and other large-scale business. These companies have a wealth of investment experience in Africa, and they are optimistic about future developments in South Sudan.

Hu Xing, Managing Director, South Sudan Branch, Sales Division, ZTE Corporation, said to People’s Daily Online: “Chinese companies can negotiate with the South Sudan government on resources, and generally Chinese companies are made welcome. ZTE Corporation obtained a loan of 200 million euro from China Exim Bank to set up the Sudan Telecommunication Network, which popularized the use of mobile phones in South Sudan.”

But medium and small enterprises remain hesitant about business development in South Sudan. Mr. Liu, marketing manager of Solar One, believes that for his company investment in South Sudan presents many risks.

Liu Zhongjun, manager of a Chinese engineering firm, said that he remained wary of investment in South Sudan, and he would like the government of South Sudan to offer more details on preferential policies and specific projects.