World Bank, donors to fund southern Sudan development
KAMPALA, Uganda, June 22, 2005 (PANA) — The World Bank and other donor agencies have set aside close to US$4.5 billion to support resettlement and development in the Sudan following the return of peace in the vast country’s southern region early this year.
The WB donation is part of the peace deal, which will be co-financed by US$3.5 billion subtracted from total revenue earned from oil exports.
The promise and hope created by this huge amount of cash has nudged neighbouring countries into frenzied activities to organise an effective market entry plan into Southern Sudan.
"Uganda should hurry to take up these opportunities of providing the necessary goods and services. These are our dear brothers. We should not let other countries take away these opportunities," Tourism, Trade and Industry Minister Daudi Migereko is reported by the Monitor newspaper as saying.
Ugandans who have ventured into Southern Sudan said the risks were as high as were the returns. The challenges range from lack of a legal framework, road networks, security, accommodation and language barrier, among others and communication.
For instance, a night’s sleep in a mad hut without a door costs an average of US$35 and tents cost $100 per night, yet the cost of constructing a hut is $20.
Apart from Uganda, Kenya, South Africa and the Sudan government all have keen interest in the region.
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