Economically struggling south Sudan is determined to restore security in the country in order to resume normal business and crude oil production and attract investments. The oil sector has been battered since south Sudan’s civil war started in December 2013. With the founding father on this monument still keeping the faith and trying to point the country in the right direction. One other kenyan subsidiary uap old mutual south sudan is also keeping the faith for a brither future for s.sudan.
James Wambungo, MD, general insurance UAP old mutual South Sudan has seen the good, the bad and the ugly of south sudan’s business landscape in its short history of 11 years as an independent state. But even with that uap has continue with its investments in this country the construction of uap equatorial tower, the tallest building in the country at 15 story’s high, and now contributing uap’s profits.uap was among the first companies to venture into South Sudan at independence, and invested $30 million in putting up the building in 2011 to provide foreign investors with ultra-modern office space. Currently, the tower — with only 23 per cent occupancy is expecting it to rise to 35 per cent when the Kenyan embassy in juba relocates to the building early this year. Although it generates minimum revenue, the building generates costs. Every month, Uap spends $15,000 for diesel to power the generator, which is the only source of power, and $5,000 for sate