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Big Investment Delegation From UK Arrives Today

by newsmanager

MONROVIA: A pool of international investors, under the Uni Commerce Group International (UCGI), a UK -based investment conglomerate, arrives in Liberia, on Monday, May 27, 2024, to assess the possibilities for investment in Liberia, a resource rich country.

The group, headed by Mr. Benyoucef Faiz Hamacha, is looking to invest in a range of sectors in Liberia.

Liberia faces employment challenges mainly for its predominately youthful population because of limited private sector expansion, building up the pressure on the government to find something for them to do.

Reports say with the new administration of President Joseph Nyuma pressing forward to keep roads in good shape across the country, and the launch of agriculture as its main flagship development mantra, international investment could be the only strongest backbone of the state’s effort to expand private sector and create jobs.

Already, the UCGI is in an ongoing preparatory setting up process of what it called the AFRICA CONSORTIUM HOLDING GROUP, PLC Liberia, the umbrella entity of all the investment projects to be carried out in Liberia.

The company`s delegation brings together a pool of investors that intend to hold exploratory investment discussions with a range of government entities with the view to understanding the potential investment opportunities in various sectors, including infrastructure, agriculture, banking, mining, transportation, communications etc.

However, Grand Gedeh County District #3 Representative, Jacob Debee, extended the invitation to the UK-based group that is touching down at the Roberts International Airport (RIA) on a private jet Monday to begin talks with officials, beginning with the Chairman of the National Investments Commission on Tuesday, May 28, 2024.

Representative Debee said he looks forward to fruitful engagements between the investors and Liberian Government officials leading to what he called a launch of the much-needed investments to absorb the country’s youths.

He said as a youth himself, he’s keen on scouting investments out there to come to Liberia to support the government’s efforts at creating jobs through the private sector.

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