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Japanese Investment Delegation In Liberia Eying Agric Sector


  23 Janvier      3        Economy (6866),

   

MONROVIA, Jan. 22 (LINA) – A two-man Japanese business delegation arrived in the country Tuesday as guest of the Liberia Business Association (LIBA) to explore investment opportunities in the agriculture sector.

While in the country, the delegation will hold talks with a range of Liberian Government officials and visit a number of agriculture-related institutions.

They include the Ministries of Agriculture, Commerce and Industry, Internal Affairs, and Labor, as well as the National Investment Commission, Liberia Bankers Association, Liberia Farmers Union, the Central Agriculture Research Institute, and Fuamah Farmers Cooperative in Bong Mines, among others.

The Japanese investment delegation may meet the Liberian President, Dr. George Manneh Weah, during the visit.

LIBA announced recently that it will embark on the Liberia Food Production Program through which members of the Association will be encouraged and facilitated to engage in more aggressive efforts for food production on a commercial scale in Liberia.

It said the program has attracted tremendous investment interests, including the visiting Japanese business delegation that comprises Mr. Eiji Yamamura, Team Leader from NOBATA FARMS/Global Farming Developments and Hiba Debbar (female), Team Member, from Quine Corporation.

LIBA said under the food production program, its leadership has had extensive consultation with a wide range of stakeholders in the national economy, and it would pursue measures to encourage and stimulate greater interest in the food production business in the country.

The LIBA leadership is calling on all its members to become more creative and industrial as the private sector is the engine of economic growth in any nation.

The LIBA pointed out that the Liberia Food Production Program is a private sector-driven business undertaking, so the Association will work in collaboration with other Liberian institutions in the food production sector.

The Liberian business group disclosed that it has designed a program for investment of some US$157.9 million in the economy of Liberia over the next few years to support food production on a commercial scale.

The program, LIBA said, requires the provision of some 18 types of intervention support services, as profit-making business ventures, on the production and post-harvest value-added chain of the food industry and has the potential to create over 140,000 permanent and seasonal job opportunities.

The LIBA leadership also says that, if the food production program succeeds, Liberia’s dependency on food imports will be eliminated and the foreign exchange status of the country will improve.

The LIBA leadership has further announced that it has begun discussions with the Ministry of Agriculture and the Ministry of Commerce and Industry, as well as with the management of Central Agriculture Research Institute (CARI), the National Farmers’ Union, the Liberia Bankers Association, authorities at the Ministry of Labor, the Ministry of Internal Affairs and the National Investment Commission in an effort to ensure the success of the program.

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