Press "Enter" to skip to content

Big Boost For Liberia

-As Investment Partners Explore Investment Opportunities

By Jackson C. Clay,

A group under the banner Marine Foundation is in Liberia to explore ways so as to hugely invest in many sector of the country.

Speaking Thursday, October 18, 2018 at a two-day meeting held at the National investment Commission (NIC) with various government ministries and agencies, the first vice Chairman and Co-founder of the group, Alhajj Dr. Alhussein Banao said his group is comprised of both philanthropy and business.

Dr. Banao stated that his group is a newly established group based in Switzerland with a sole purpose of carrying out investment within Africa, with Liberia being no exception.

“We have a network of business branch which comprise of sixty-five (65) Chief Executive Officers (CEOs) from South Korea, Japan and Switzerland where we are based. With those top CEOs, we trying to make sure that we bring efficiency and effectiveness in the investment we carryout in Africa,” Dr. Banao stressed.

He disclosed that his group has ten-years priority plans and programs for the whole of Africa, thus, the group has been able to mobilize three billion United States dollars, but seven billion in promises.

Dr. Banao indicated that it is about time that his group kicks something with the current three billion at hand in Africa, starting within Liberia.

“Marine Foundation is a multi-national institution that seeking to invest in Africa and we have decided to promote the human capital of Africa,” he said.

He bragged that his group has what it takes to do anything within Africa, noting that Africans themselves would be hired to execute projects within Africa.

For his part, the chairman of the National Investment Commission (NIC), Molewuleh Gray said Liberia is open for investment and that the group should see the country as its partner.

Speaking through a proxy, Gray said Liberia is open and available for the group to invest to be considered as one of its preferred areas for investment

“Our laws state that investment should fall within specific sector, manufacturing, energy, low and medium-income house, transport infrastructure, education and health among others,” the proxy of the NIC boss said.

Meanwhile, the group is in the country to tour several sites and sectors of the country so as to determine which area it wants or wishes to invest in.

Comments are closed.