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  • Top Italian Investors to Explore Investment Climate

    first_imgTwelve Italian investors are in the country to explore investment opportunities in the various sectors of the economy, with rice production, energy, and transportation being on top of the list.On Wednesday, October 24, the Italian investors held closed-door discussions with officials of the National Investment Commission, Monrovia City Corporation (MCC), Ministry of Public Works (MoPW), and the Liberia Water and Sewer Corporation (LWSC).In an interview with reporters on Wednesday at a local resort in Sinkor, Dr. Giuleano Codelo, head of the delegation, said they are expected to conclude the discussion with Foreign Affairs Minister Gbehnzohngar Milton Findley.Dr. Codelo expressed heartfelt thanks and appreciation for the warm welcome and indicated that the reception shows that Liberia is ready to create a friendly investment climate for the betterment of both the investor and the country.He said the interest to invest in the country’s economy was prompted from an earlier invitation from President George M. Weah.The Italian head of delegation intimated that President Weah has been the link between Italy and Liberia and added that Italy, through its investment sector, will support the President and the people of Liberia.“We are considering investing in agriculture, roads, energy, mining, transportation, and other basic infrastructures,” Dr. Codelo saidWhile in Liberia, the delegation will also study the possibility of investing in waste disposal, water purification, rice production, and infrastructure development and is also expected to hold a meeting with President George Weah and other members of his Cabinet.Members of the delegation include Mr. Giovanni Coduri and Mr. Antonio Longhi, representing “Eurogeo Wells,” while Mr. Umberto Cucchetti is representing “Dimesion Ambiente,” which is involved in waste management.Other delegation members are Mr. Dario Zucchi and Madam Barbara Falomo, representing the Italian water purification company “PSC-Water purification,” while Piemario Carazzo represents “Agro Ital LTD-Rice Production.”The aim of the visit to Liberia is to strengthen bilateral relations with Liberia through trade, exchange of knowledge, and provide win-win opportunities for production in the country’s economy.The chairman of the ruling Coalition for Democratic Change Mr. Mulbah Morlu and President George Weah made the country’s case during their respective visits to Europe and the European Union Parliament, calling on investors to explore the country.During President Weah’s visit to Brussels, he indicated that Liberia is open for visitors and encouraged Italians and other European companies that were present in Liberia prior to Liberia’s civil war to return to invest.President Weah further emphasized manufacturing, trade and small and medium enterprises as other areas needed to be developed to create employment opportunities in the country.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

  • Teen slapped with robbery, B&E charges

    first_imgA 19-year-old miner on Wednesday made his appearance before Chief Magistrate Ann McLennan at the Georgetown Magistrates’ Courts after he was slapped with charges of robbery with violence, and break and enter and larceny.It is alleged that Delson Phillips of Fitzburg, Port Kaituma, Region One (Barima-Waini) on November 20, 2018 while being with Simeon Trapp at McDoom, Port Kaituma, robbed Ricardo Rebeiro of $60,000 while using personal violence immediately before or after the act.Another charge stated that Phillips on December 8, 2018 at Fitzburg, North West District broke and entered the dwelling house of Sherwin Dollway, and stole one BLU cellphone, a SIM card, and cash among other items which amounted to $29,800.Police Prosecutor Gordon Mansfield made no objections to bail. As a result, the Chief Magistrate released the teen on $20,000 bail on the condition that he report to the Port Kaituma Police Station once per week He was also placed on a bond to be on good behaviour.Phillips will make his next appearance at the Matthews Ridge Magistrate’s Court on February 5, 2018.last_img read more

  • PAT THE COPE SLAMS GOVERNMENT FOR NOT APPLYING FOR STORM FUNDING

    first_imgMEP Pat the Cope Gallagher has described the refusal of the Irish Government to apply for EU Solidarity Funding in the wake of the extreme weather as a ludicrous and rash decision.Mr Gallagher called on the Government to re-think its decision and apply before the end of this week as the deadline set by the European Commission is Friday, the 21st of February.“Reports from the UK suggest that David Cameron’s Government will now apply for EU Solidarity Funding having earlier dismissed the idea out of hand. The bottom line is that the Irish Government has made a mistake and must also reconsider and apply for assistance. “The Government has stated that the expense of the damage incurred is below the threshold for assistance. The fact of the matter is that the application submitted in 2009 following severe flooding the same year was also below the threshold. However, the then Government submitted a regional based application, which ultimately proved to be successful as Ireland received €13 million. I am confident that if the Government submits a similar regional based application, it would also result in a positive outcome.”He added that is now urging the Government to reconsider its decision and to apply for funding before the closing date of the 21st of February, as confirmed to him by the office of the EU Commissioner for Regional Development, Johannes Hahn. An initial application can be submitted by Friday, followed up with more details at a later stage.Mr Gallagher concluded “The Government simply cannot afford to turn its nose up at any opportunities for assistance available at an EU level to deal with the damage caused by the severe storms and flooding.”  PAT THE COPE SLAMS GOVERNMENT FOR NOT APPLYING FOR STORM FUNDING was last modified: February 18th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:fundingPat The Cope Gallagherstormlast_img read more