USA to Invest millions in Liberia

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In a bid to promote investment in Liberia, create jobs and provide affordable housing, the Robert Johnson Group of Companies and the Overseas Private Investment Corporation (OPIC) has agreed to establish a USD$100 million Finance Protocol.

The disclosure was made during a meeting held at the Foreign Ministry with the financial officer of the Robert Johnson Group of Companies, Ms. Lisa Pickrum and President Ellen Johnson Sirleaf.

The Liberian president welcomed the support and praised American businessman Robert Johnson for his continuous interest in Liberia. She assured the company representative of Liberia’s appreciation and expressed satisfaction that the Group has chosen housing as a major priority under the accelerated investment program.

The Chairman of the RJ Group of Companies, Mr. Robert Johnson, has described the proposal as another example of the Government of Liberia’s obligation to encourage the private sector to help rebuild the nation. ‘Given the historic ties between our two nations, this partnership makes commercial sense and has the potential to make a major contribution to the development of the country,’ Mr. Johnson remarked.

Mr. Jim Polan, the Vice President of OPIC, added that his corporation is encouraged by the pace and direction of the Liberian economy. He also said that the National reconstruction in Liberia is the priority of OPIC. He welcomed the opportunity to participate in projects that contribute to this goal.

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