The President of the Concerned Liberians International Business Organizations (COLINBO) Fumba Trawally, has constructed and subsequently dedicated a toiletries factory here valued at US$2.5 million.
The colorful dedicatory ceremony, which took place over the weekend in Whein Town, outside Monrovia, brought together officials of government, including House Speaker Alex Tyler, Liberia Bank for Development and Investment President, John Davis, House’ Chairman on Investment, Representative Moses Kollie, and the United States Ambassador accredited to Monrovia, Madam Deborah Malac, among others.
The dream of Trawally which is now a reality started with a US$50.00 stipend from the United Nations Development Programme while he sought refuge in The Gambia.
According to a senior staff of the National Toiletries Factory who provided a historicity of the company Trawally decided to venture in the production of Firestone Soap which gradually gained momentum in sales and profits.
“Upon his return to Liberia and after one year of sales in the streets of waterside Market, he realized the amount of US$3,500, so March of 1993, he decided to migrate from the table to store, thus establishing the business named Kumba Bendu and Sons after his late mother, of two boys and a girl”, James Ohato intimated at the program.
He said in 2007, Trawally travelled to the United States and was able to enter the American Market through the help of the Liberian Government, especially the National Investment Commission (NIC), under the leadership of former Chairman Dr. Richard Tolbert, who emancipated many indigenous Liberian entrepreneurs from being retailers to wholesalers by interacting with many international businesses around the world.
The initial budget of the factory was placed at US$5.5 Million. “We have received and utilized 50 percent of this to bring us where we are today. In line with the Poverty Reduction Strategic, the National Toiletries, has recruited in her employ 75 Liberians, and when we are opportune to receive the balance 50 percent of the above mentioned amount, we will be able to recruit over 500 of our citizens for employment”, he said.
Ohato said the toiletries factory is supplying five counties, including Montserrado, Margibi, Grand Bassa, Bong and Nimba, and by 2014, it intends to target the entire country.