Investment

Zambian Firm Withdraws From LEC Bid

Zambian power companies Zesco and Copperbelt Energy Corp (CEC) have withdrawn their joint bid to manage Liberia Electricity Corporation, the CEC executive chairman said on Sunday.

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$1.6b Deal Secure For Western Cluster

An Israeli Company, Elenilto Mineral Mining Ltd, has been awarded the rights to develop the $1.6 billion Western Cluster iron ore project, President, Ellen Johnson-Sirleaf, said, reports say.

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Delays in the Passage of Investment Act Worrisome

Planning & Economics Affairs Minister Amara Konneh has described as worrisome the continue delays in the passage of the 2009 investment act.

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$10 billion Investment Package For Liberia

The government of Liberia has announced a new investment package valued at $10 billion in the mining, agriculture and forestry sectors.

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Sime Darby Accused, But….

The Sime Darby company, which took over the formal Guthrie Plantations in Gbah Foboi, Grand Cape Mount County, is making headways in western Liberia.

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ADA/LAP Reports Success In Liberia's First Mechanized Rice Harvest

The Foundation for African Development Aid/ Libya-Africa Investment Portfolio (ADA/LAP)   says it has completed its first major mechanized harvest in the country putting the yield at a little over 200 tons of rice.

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At Guthrie: Sime Darby Brings Relief To Workers

Guthrie Plantations, which was recently a scene of relentless violent demonstrations, has become very peaceful since government turned the plantations over to Sime Darby, a Malaysian Company on Jan. 2, 2010.

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Malaysian Company Begins Operations

The Chairman of the National Investment Commission (NIC) of Liberia has said that a Malaysian palm oil company has invested 800 million dollars in the Liberian economy.

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