Central Equatoria State, News

Adil initiates MoU for investment deal

By Mamer Abraham


Central Equatoria State Governor, Emmanuel Adil Anthony has directed the relevant state ministries to formulate the Memorandum of Understanding (MoU) for an investment contract with Sangmu HK International Company Ltd.

This came after the governor held a meeting with the company delegation led by Mr. Peny Xyaoyan.

According to the gubernatorial press, the company is expected to explore various investment opportunities with an emphasis on slaughterhouses, fish ponds, poultry, and recreational centers.

“Hon. Tom also confirmed that Governor Emmanuel has directed the relevant ministries of Cabinet, Trade, Fisheries, Housing, Finance and others to formulate a detailed Memorandum of Understanding (MoU) incorporating all areas of mutual interest that will culminate into a signing ceremony in a later date to be communicated,” the statement from the office of the governor read.

The reliable visiting Delegation expressed their readiness to tap into some of the untapped investment opportunities in the State, the statement added.

Tom Sebit Wani, the state minister for trade and industry said the government was willing to take in the new company to aid in resuscitation of the sickening economy.

On July 23, the governor returned from his trip to Turkey however, the office of the governor released scanty information excluding the MoU he might have signed in Turkey.

The office of the governor noted that Adil visited Turkey for investment opportunities.

Adil was invited by Heran International Group to discover business and investment opportunities.

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