Chinese firm to invest $500m in Liberian Economy

A Chinese investment group, Ecco/Malthe Winje AS Investment Group,, has expressed interest in investing $500 million in the Liberian economy.According to the National Investment Commission (NIC). the investment group which is currently in the country, expressed interest in investing in various sectors including agriculture, energy, water and sanitation, trade and manufacture and roads development.

The NIC said feasibility studies are ongoing as the investment group delegation is meeting with stakeholders at various government ministries and agencies to ensure the possibility of their mission.

In a statement, the NIC said an MOU has been signed between Liberia Trade and Investment Corporation’s Executive Director Mr. Stephen Caine and the Ecco/Malthe Winje Investment Group CEO, Mr. Zhang Qun at the National Investment Commission to strengthen investment opportunities of the group in Liberia.

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About Cholo Brooks 17134 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.