south Sudan, private trading partner B-Yor limited has launched the export of gum Arabic to EU market
Juba, December 12, 2020; South Sudan government in partnership with B-Yor General Trading Limited, a company founded by South Sudan-Canadian dual citizenship, Justin Tobrin Okomi and Brounica Yor on Thursday launched the country's first export of Gum Arabic (Acacia Senegal) to the international market in Europe.
Vice President James Wani Igga who was speaking at the ceremony of the launch said the launch will help to promote the diversification and development of revenue in the non-oil sector.
Vice President Igga further said his government will support the production of gum Arabic in terms of funding and looking for an international market in other countries apart from EU countries.
South Sudan besides sitting on vast untapped oil wells, the war-torn world's youngest nation has the potential of other natural resources when well invested will facelift the country out of oil dependency.
Over the years the country struggles to diversify its economy from non-oil revenue, but the plan to make South Sudan the food basket of Africa was made with endless civil-war that pitted President Kiir ethnic Dinka against his vice Dr. Riek Machar's ethnic Nuer, the civil war in 2016 spread in part of Equatoria till these days.
The CEO of B-Yor Limited trading, Justin Tobrin Okomi said the idea to take South Sudan gum Arabic to the international market is not something new, however, Justin said with the help of a partnership with some colleagues, B-Yor General trading limited manages to now launch official trading pattern to export South Sudan's quality Gum Arabic to the international market.
Justin Okomi said through the license of B-Yor General Trading Limited, the Republic of South Sudan will now be able to take the product (Gum Arabic) to the international market for the first time in the history of the country.
This will offer new opportunities for the farmers now to embark on growing Gum Arabic as there is a new dawn for an international market.
The co-founder of B-Yor General Trading Limited who doubled as the company's CEO, Mr. Okomi said the company is guided by the top six reasons why economic development plays pivotal roles in the development of the country's economy, according to Justin Okomi includes; job creation, industrial diversification, business retention (expansion), economy fortification, and improved quality life.
Background of Justin Okomi
Justin is a South Sudanese born in Loa, Pageri Corridor administrative area, Magwi County, Eastern Equatoria state.
Justin Okomi is an Economist and public policy analyst. He conducts research, collects and analyze data, monitors economic trends, and develop forecasts on a wide variety of issues, including energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, among others.
When Brounica Yor, the co-founder of the company brought to Justin's attention that, the South Sudan Gum Arabic Product has not been conventionally passed in the international market. It takes three weeks for Justin to carry research on Gum Arabic products, suppliers, and buyers around the world.
As an entrepreneur, Justin convinced Brounica, that it's not possible to fill the form without a company. After making a deal on shareholders, Justin made three proposals of which B-Yor General Trading Limited was adapted during the registration process in Juba, South Sudan.
In his speech during the launching, Justin said, he would like to see a South Sudan Gum Arabic that continues to be a guarantor of business that supports the local community.
what is gum Arabic use for?
Gum Arabic is used in the food industry as a stabilizer, emulsifier, and thickening agent in icing, fillings, soft candy, chewing gum, and other confectionery, and to bind the sweeteners and flavorings in soft drinks.
According to available information online; Gum Arabic has been used to treat a variety of diseases; it improves the patients' digestive systems and improves appetite, and for kidney disease patients, it helps them to get enough energy from their food.
J. Roberts Swaka