“We are receptive to good investment,” Says V.P Boakai

Thursday, 20th November 2008
Monrovia, Liberia - Liberia’s Vice President Joseph N. Boakai has assured the public that the Unity Party-led Government is “receptive” to good investment, especially investments that consider partnerships will local people. He also asserted that Government will always open its arms to all well-meaning investors.

The Vice-President observed that Liberia has many opportunities and potential for investment, but he also stressed the need for these opportunities to be converted into something tangible that will bring benefits to Liberia and its people.

Vice President Boakai gave the assurance Tuesday when a two-man team from the Tel Aviv based Engel Invest Company and a two–man team from the Monrovia based Orbital Incorporated called on him to acquaint him with their desire to invest in post-war Liberia.

The Liberian Vice President observed that as a country emerging from a devastating civil conflict, Liberian can only maintain peace and stability if everyone has a stake in the economy.
Vice President Boakai said low cost housing is one of Liberia's critical needs at the moment, noting, “Liberians returning home from exile do not want to go through the hassle of looking for land. If there are places they can easily move in, it will be very helpful.”

Briefing the Vice President, Mr. Augustine Jarrett of Orbital Incorporated said  his company wants to enter into joint venture with Engel Invest of Israel to engage in iron ore mining and the mining of gold and diamonds. He said Engel Invest is a multi-million dollar company investing in real estate, mining and other ventures.

Also briefing the Vice President, Mr. Alon Avadani of the Israel based Engel Invest said his company has investments all over the world and is well known in capital markets and financial institutions. He said Engel Invest is engaged in mining in Africa, Russia, Vietnam, India, Mexico and the Balkans.