Home Economy Angolan Investment Tycoon Eyes Liberia’s Private Sector

Angolan Investment Tycoon Eyes Liberia’s Private Sector

by News Manager

By: Frank P. Martin

MONROVIA: Delegates of business, civil society, and pro-democracy groups as well as key investors have graced the historic inauguration of Liberia’s 25th President, Joseph Nyuma Boakai.

President Boakai’s inauguration was held on the grounds of the Capitol Building, seat of Liberia’s bi-camera Legislature.
One of the business tycoons who graced the occasion, as head of a high-powered investment delegation is Dr. Elias Piedoso Chimuco, founder and Chief Executive Officer CEO) of Banco YETU.
Dr. Chimuco told the Independent Newspaper in an interview that his delegation participated in the inauguration as means of committing his company’s resolve to contribute to the development and growth of Liberia, through private-sector partnership and investments.
“Boakai is my best friend, and I am here to witness his historic inauguration. My company intends to extend its private sector investment initiatives to Liberia,” Dr. Chimuco stated.
He disclosed that within a month period immediately after the inauguration he will start hitting the grounds running on his investment in Liberia. “In less than a month from now, I will launch my investment initiative in Liberia,” Dr. Elias Piedoso Chimuc promised.
At the inauguration, Dr. Elias Piedoso was accompanied by Dr. Reinaldo Du Sousa Viriato, the political leader of the Liberia First Movement (LFM); Sheikh Al Moustapha Kouyateh, Mr. Joe Gene Mulbah and four others that included the 2 pilots of his private jet and 2 other corporate executives.
The inauguration of the 25th Liberian President, Chimuco, said was a great milestone for the oldest African Republic.
He said witnessing such peaceful transfer of power worth commendations and celebration because it demonstrates that Liberians are resolved to uphold the tenets of democracy, something he added, will go deep in history and many leaders on the Continent will learn from.
Dr. Chimuco spoke to the Independent following the inauguration of the President Joseph Nyuma Boakai in Monrovia.
Prior to the induction, Liberians from all walks of life early Monday morning, January 22,2024 began to troop into the ground of the Capitol building to witness the peaceful transfer of power from President George Weah to Ambassador Joseph Nyuma Boakai who won the November 14 Run-off Election in 2023.
Liberian especially Unity Party partisans were seen in the usual green and white t-shirts and face caps, as they sang and dance revolutionary songs.

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