Grand Bassa County Breaks Investment Record: Gets 500 MILLION USD Commitment

Grand Bassa County Breaks Investment Record: Gets 500 MILLION USD Commitment

Following the end of the historic 2018 Grand Bassa Trade & Investment Conference in Buchanan, US based Stalwart Green Global International (SGGI) has signed up to a US $500 Million United States Dollars investment in the County. This outstanding investment commitment is about the size of the total national budget of the Republic of Liberia.

According to a Memorandum of Understanding (MoU) signed between members of Grand Bassa County leadership, mainly represented by its County’s Legislature Caucus, and the SGGI, the investment is “a joint venture with SGGI to finance an economic development plan consistent with the Master Plan related to humanitarian initiatives, inclusive of hospitals and schools, and to fund economic growth platform involving clean energy, infrastructure, mining, housing, water and transforming waste to operate a renewable energy plant”.

Grand Bassa County on Saturday, 28th April 2018 ended its first Trade and Investment Conference in the county.  The conference held at the Buchanan City Hall from Thursday, 26th April 2018 to Saturday, 28th April 2018, was focused on showcasing the county’s socio-political and economic potential and comparative advantage in Tourism, Energy, Agriculture, Mining, Education, Infrastructure, and Transportation sectors, and encouraging investors to take advantage of the trade and investment opportunities in the county.

The groundbreaking Trade and Investment Conference was hosted by the Office of Senator Jonathan L. Kaipay, the Grand Bassa Legislative Caucus, and the people of Grand Bassa County. During the Conference, Grand Bassa County citizens and residents, the Legislative Caucus, an array of former and current government officials and investors as well as speakers representing several multinational businesses gathered in Buchanan from across the world to participate in the 3 days’ event.

Some observers from the Grand Bassa Trade and Investment Conference have hailed this great initiative calling it a ‘nationalistic move on the part of the County and its political leaders’. They argue that ‘this is the first-time a single county organized and hosted a trade and investment conference from which such huge investment commitment has ever been secured’.

Judging from the signed MoU, if all sides progress towards the full implementation of the commitments, Grand Bassa County could make a great leap in development in the areas of Tourism, Energy, Agriculture, Mining, Education, Roads, Houses and other Infrastructure including Transportation amongst others. This could further remove or reduce budgetary burden on the back of national government and shift same to investors under the agreement that supports a win-win investment modality specifically in the County, and the entire country generally.

It is therefore important for the government, under the leadership of President George Manneh Weah, to fully commit to and support the terms and conditions of the Memorandum of Understanding to leverage the opportunities therein. Additionally, other counties need to emulate Grand Bassa County to also attract international and national investments in the counties for both local and national development.

Frontier, for its part, congratulates the people of Grand Bassa County, its local and national leadership, and the Office of Hon. Jonathan L. Kaipay, an astute son of Brand Bassa County, for this outstanding Conference that commits to bring 500 million United States Dollars investment to Liberia through the hospitable people of Grand Bassa County-a place where hospitality begins.

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