A memorandum of understanding to establish a joint venture in Liberia has been signed between the Liberia Water and Sewer Corporation (LWSC) represented by its Managing Director Duanah A, Kamara, and an American venture group, LLC.
LLC is duly registered and incorporated under the laws of Delaware, United States of America and Quest Water Solutions, Inc, also duly incorporated under the laws of Nevada, America.
Rosemarie E. James, executive director of Clar Foundation and LWSC Managing Direct Duanah A. Kamara, represented the Government of Liberia, while chief executive officer Richard Hoffman represented the American Venture Group and Quest Water Solutions at the signing ceremony.
CEO Richard Hoffman says the collaboration will provide sufficient purified water for households in Liberia, noting that
Investment will provide sustainable supply of clean, safe- drinking water for all.
“We are here for the provision of sufficient, affordable and sustainable supply of clean, safe-drinking water to underserved populations within Liberia,” Hoffman adds.
He explains the joint venture will require the companies to design, build, finance, install, own and operate 270 water purification and distribution systems in rural communities throughout Liberia for the purpose of meeting the country`s clean water supply by vending and selling the purified water to approximately 1,000,000 residents in Liberia at an affordable rate.
Speaking earlier, LWSC boss Kamara, details that each unit will be powered by a mini solar system, including phone charging outlets for community dwellers.
He emphasizes that the investment portfolio will require no financial contributions from the LWSC or the Liberian government, as investors are desirous of supporting the Pro- Poor Agenda for Development and Prosperity or PADP, as championed by President George Manneh Weah.
“The joint vendor is a simple, turnkey, and scalable inclusive business model that also provides positive socio-economic benefits for the communities in which we operate through the hiring and training of local personnel for the installation, operation, maintenance, and service systems.”
The collaboration will embark on building capacity and resilient communities, improving health and associated healthcare costs, and allowing kids to go to school and mothers to be gainfully employed, are just a few benefits of providing affordable clean, safe water to rural communities.
The investment is championed by an American retired professional basketballer and billionaire, DikembeMutombo. Editing by Jonathan Browne