Veteran music promoter Balaam Barugahara has finally revealed why he decided to take a big risk and  invest over 20 million US Dollars in South Sudan

After being castigated on social media for not being patriotic enough to invest in his own country, Balaam has come out and said that the decision to take part of his fortune to Africa’s youngest nation was purely based on economics and business sense

Balaam explains that Sudan was the most profitable country in the world between 2005 and 2010 and hence his decision to invest heavily in the warn torn area

It should be noted that Balaam is on a verge of losing all his investment in South Sudan after a yet to be identified national who leased him land for 25 years wants to part take 50 percent free shares in his company

Read below Balaam’s rationale to invest in South Sudan;

When making any investment decision always apply Law of demand. When demand is high profit will be high and that attract investors . I have been in south Sudan since 2006 after it signed the comprehensive peace Agreement in 2005. Sudan was the most profitable country in the world . We made 300% profit on Whatever we traded in hence we decided to invest in that country instead of repatriating profit . Investment in south sudan was too promising till when the war broke up between President Kiir and Dr Machar . We couldn’t move the assets put in place. In Juba my factory and radio currently employees 40 Ugandans skilled, 400 south Sudan non skilled both directly and indirectly, 10 Eritreans and 10 Kenyans all skilled. So let know body judge me . Any younger country profit are crazy and tend to attract investors . However just like any other business there are risks involved , Opportunities, weaknesses & Threats
Currently my land land the owner of land I leased for 25 years from 2011 with support of a general she wants free 50% shares in my business that’s the problem. Am not seeking financial support and president M7 is one of the guarantor of peace in south sudan as per the new IGAD agreement signed between the worrying Parties. Thank You hope that will serve clarification on all concerns