LIBERIA: GVL Spokesman Welcomes VP Boakai Comments

Recent comments by Liberia’s Vice President Dr. Joseph Boakai towards Golden Veroleum Liberia Liberianization policy have been welcomed by the Oil Palm

GVL notes that despite challenges in infrastructure conditions coupled with the Ebola outbreak effects on its operation, as well as currently still evolving national regulations,
GVL will continue to work closely with government and local communities to achieve its oil palm objective by providing benefits to communities through employment, small
business opportunities and sustained rural development.

“We do very much agree with the Vice President that there is a need to employ more Liberians in management and professional roles, which we are committed achieving,”
GVL Spokesman Stephen Binda said in a statement. “GVL takes seriously its management training and career development programs through which several hundred
Liberians have benefited, with many having been elevated to also senior management levels.”

As the largest employer in the Liberian Southeast, GVL has already employed approximately 3,700 Liberians of whom 64 Liberians are in the management cadre and
a further large number in supervisory and technical positions. They include positions in agronomy, factory engineering, finance and accounting, procurement, logistics, training,
environmental, communications, community affairs and RSPO specializations. Approximately 420 GVL agricultural scholarship recipients study in five universities and
colleges and are eligible upon graduation to apply for the company’s management training program. In the past several months’ 8 Liberian engineers returned from a 18-
month training program in Indonesia and are earmarked to helping to lead the company’s project in building its first oil palm mill in Sinoe.

A release from the company quotes the spokesman as saying that GVL greatly appreciates the positive advice from the Vice President, and the company challenges all
professional Liberians to rise to the occasion in taking up careers in or towards key management roles that may requires years of managerial experience at ensuring GVL
achieve its objectives. The Liberian Government is a foremost stakeholder and partner to GVL, together with Liberian communities and the people.

“This is a process, not an event,” said Mr. Binda. “It requires committed, hardworking Liberians within and those coming on board. This will also depend on our investment
climate as well.” Additionally, the company has also announced that plans have been finalized for the construction of a multimillion dollars oil palm processing plant in the
country starting this year, which will employ more than 100 manufacturing personnel.

The plant when completed would be one of the largest and most advanced in Africa, providing manufacturing jobs. GVL has completed its first batch of overseas oil palm
engineering training of more than a year for Liberian graduate engineers, whose career tracks are hoped to take them into manufacturing management.
Mr. Binda mentioned that currently the company has open positions and is recruiting for finance & accounting, materials management, agronomy, sustainability, heavy-duty
equipment specialists and mechanics. “We want as many Liberians as possible to apply for these positions and for future positions that are advertised.

We are a Liberian company and as such we want to ultimately in the future have something that is made in Liberia by Liberians, which will help reduce rural poverty and ultimately help uplift the
nation. Our Liberian managers are the first step in reaching that goal,” said Binda.

Current Liberian senior leaders in the company include department heads for human resources, government affairs, career and education programs, compliance, logistics
and procurement, administration, community affairs, environmental and social sustainability, legal affairs, as well as even my role, Binda mentioned.
Binda went on to say that the company is working with government and external stakeholders to build its smallholder program, which will provide direct economic and
development benefits to local communities. Currently, the company has made its proposals to the government and stakeholders, and decisions on this need to be taken

While being one of the few Liberian companies in expansion mode GVL anticipates approximately 35,000 to 40,000 Liberians will be directly or indirectly employed when
the company is fully operational.

“Our vision is to strive for a professional and internationally competitive company meeting highest standards in the industry. We believe this can and must be done, but
over time, with a substantially Liberalized team and GVL will continue to recruit and train Liberians to achieve this goal in line with our other concession obligations,” according to

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