Investment


President Sirleaf officially cuts the ribbon to the Sethi Brothers' Duraplast Inc. and Recycling Plant on Bushrod Island on Saturday, February 7, 2015

Factory to Produce Plastic Products Opens

Liberians have for several years, especially since hostilities subsided in the country at the end of the civil-war, craved for the establishment of factories that would help to address unemployment, and now DuraPlast Liberia Incorporated, has officially opened a multimillion dollar factory in the country.

  This state of the art factory is the first large scale manufacturing facility in the country and it will be producing various types of plastic products including, buckets, plastic crates, coolers, water pouch, kettle, baby set, laundry buckets, tables and chairs.

GVL_Observer Interview

Today, and for more than 20 years, Liberia is being deforested by slash-and-burn agriculture, driven by rural poverty. By offering employment, affective smallholder programs and making degraded land productive, Golden Veroleum hopes to slow down and even stop Liberian deforestation. We sat down with Virgil Magee, Golden Veroleum’s Communications Head, to discuss what is next for the company, its people, the local communities surrounding its rural operations and the current Ebola outbreak.

DAILY OBSERVER:  Thanks for doing this interview?


Partial view of local authorities and community members listening (left) and Acting Assistant Commissioner (Bropleh) explaining real estate tax (right).

Undeveloped Land Owners, Tax Defrauders to Soon be in Hot Water

The Liberia Revenue Authority (LRA) has begun sensitization campaign around the country, creating awareness about the need for landowners and those defrauding government of taxes to comply.

Liberia Revenue Authority (LRA) is a newly emerged agency of Government now separated from the Ministry of Finance and Development Planning (MFDP) and clothed with the responsibility to collect government’s revenue in taxes. It was created by an Act of the Legislature.


Left-Acting NIC chairman Wisner and WAE CEO, Sampie penning the document

GOL, West Africa Exploration Sign US$1.3b Mineral Agreement

The Government of Liberia through the National Investment Commission (NIC) and the West African Exploration/Sable mining company, based in Guinea, last Friday, signed a 25-year infrastructure development agreement valued at US$1.3 billion.

The agreement is intended for the transshipment of mineral from Guinea through Liberia via the port of Buchanan in Grand Bassa and Yekepa in Nimba Counties respectively.

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