News, Yei

Yei residents raise concerns as foreign traders dominate market

By James Innocent

Residents in Yei have raised concern over growing competition for commercial space citing that the market continue to be dominated by foreign traders.

some traders in the area alleged that foreign-owned businesses now occupy a significant share of shops across the town.

Several traders said the situation is making it increasingly difficult for South Sudanese entrepreneurs especially youth and small-scale operators—to secure affordable premises to start or expand businesses.

Dukube Joseph, a local resident, told media on Thursday that some shops rented by foreign traders remain closed for extended periods, limiting access for others seeking business opportunities.

“We are confused by the current market situation. Some shops are taken and kept locked without operations, yet local people who want to start small businesses cannot find space,” he said.

Joseph called on authorities, including the Chamber of Commerce and relevant government departments, to strengthen regulation of commercial activities and ensure fair access to business premises for both nationals and foreigners.

He also urged local communities to invest in their own business initiatives to remain competitive in an increasingly open market.

Similar concerns were echoed by Kenyi Elisa, a local chief in Yei, who warned of potential economic imbalances if local participation in commerce continues to decline. He urged the government to closely monitor market trends and ensure policies protect national economic interests while maintaining a conducive environment for investment.

“Elisa emphasized that while foreign investment is important, there must be safeguards to prevent market distortions such as price instability and limited opportunities for citizens,” he said.

He further called on authorities, including the Ministry of Trade and Industry, youth groups, and business associations, to work collaboratively to address the issue.

However, economic analysts note that foreign traders often play a key role in supplying goods, stabilizing markets, and contributing to tax revenues in emerging economies like South Sudan. They caution that any policy response should balance protection of local businesses with the need to attract investment and maintain supply chains.

Legal and policy framework

South Sudan’s legal framework provides guidance on foreign participation in business through instruments such as the Investment Promotion Act 2009 and the Companies Act 2012.

The Investment Promotion Act encourages foreign investment but allows the government to regulate certain sectors and promote participation of South Sudanese nationals. It also provides for incentives and protections for investors while emphasizing that investments should contribute to national development.

In addition, the Companies Act sets out requirements for registration and operation of businesses, including those owned by foreign nationals, ensuring they comply with national laws and regulations.

The Ministry of Trade and Industry South Sudan is mandated to oversee trade practices, licensing, and market regulation, including ensuring compliance with policies that may prioritize certain sectors for local participation.

Local business leaders have also previously called for reforms in taxation and trade logistics, including reducing multiple checkpoints and streamlining import procedures, which they say affect both local and foreign traders.

As debate continues, residents and officials alike agree that achieving a balanced and inclusive business environment will be critical to supporting economic growth and stability in Yei and across South Sudan.

Leave a Comment