Tuesday February 09, 2010
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After barely 25 days of operation in Liberia, Sime Darby has begun restoring pride to Guthrie, the country’s second largest rubber plantation.

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MONROVIA – When construction works are completed on the second station, which includes a sawmill, log yard and other work shops by Bargo and Bargo (B & B) Enterprise Incorporated in April, the sawmill will be the only one in Monsterrado County to be erected by a logging company, the chief executive officer of B & B told journalists early this week.

VOINJAMA – The Vice President of Liberia, Joseph N. Boakai, has launched the Lofa Investment Corporation, aimed at bringing sustainable development to the county.

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WESTERN LIBERIA – A Malaysia-based multinational entity, which signed an US$847 million concession agreement with the Government of Liberia (GOL) last April to cultivate oil palm and rubber in four counties, finally took over the Guthrie Rubber Plantation last Friday, January 1, 2010.

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MONROVIA – Former Liberian Bank for Development and Investment (LBDI) president, Elie Saleeby, has reminded the bank’s current management and members of the board of directors not to depart from the vision of the bank’s founders as a development bank.

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MONROVIA – Efforts toward revitalizing and modernizing the operations and facilities of the National Port Authority (NPA) have gained momentum, with two reputable international port operators tendering bids for the reconstruction of the severely deteriorated 60-year-old general cargo pier.

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MONROVIA – The United Kingdom (UK) Department for International Development (DFID) has made a contribution of £15 million (~ US$22 million) to the Liberia Reconstruction Trust Fund (LRTF).

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MONROVAI – The National Authorizing Office (NAO) of the European Commission (EC) has announced a strategic assistance package to the Liberian Government worth €165.9 million for its post-war reconstruction program.

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MONROVIA – The Nigerian Contingent of the United Nations Mission in Liberia (UNMIL), NIBATT 22, in collaboration with Tubmanburg City Corporation (TCC), launched a major 30-day refurbishment campaign of Bomi County’s Blue Lake with the goal of making it both a tourist and investor attraction.

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MONROVIA – The Government of Liberia (GOL) has announced that it has generated interest from a major Asia-based agriculture company interested in investing in the country’s oil palm industry.