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Liberia on transformation, entrepreneurship drives... Prez Sirleaf

Benjamin S. Taingay/ Joseph T. Koon
Pres. Sirleaf flanked by Israeli President far right and Business Executives: Courtesy of Executive Mansion
Pres. Sirleaf flanked by Israeli President far right and Business Executives: Courtesy of Executive Mansion

MONROVIA, LIBERIA- President Ellen Johnson Sirleaf has expressed delight in Israeli entrepreneurs whose commitment to innovation has transformed the nation and improved the lives of its people.

President Sirleaf said: “Liberia falls in a category of Least Developed Countries, totaling 48 countries of which 34 are in Africa.

“The Least Developed Countries comprise 12%, or 932 million people of the global population; while in West Africa, they comprise 300 million people across fifteen member states,” she noted.

According to dispatch from Israel, President Sirleaf made the remarks at the Golda Meir Mount Carmel International Training Center where she addressed an “Entrepreneurship Conference for Developing Countries.

She told entrepreneurs that SMEs drive 90% of economic activities; youth under 25 make up the majority of the population with many operating in the informal sector in micro, small, and medium-sized enterprises, as SMEs guarantee two-thirds of all formal jobs.

Meanwhile, the Liberian Leader has also expressed satisfaction over the gradual transformation of Liberia through investments in trade facilitation and economic and social infrastructure.

President Sirleaf underscored the power sector as an integral part of the country’s significant gain in investments with increased electricity on the national grid from zero to 38 megawatts of power.

She noted: “Such investments have facilitated the expansion of electricity coverage in Monrovia, where one-third of the population resides from 5,000 to 32,000 households.”

According to a dispatch, President Sirleaf made the statement recently when she addressed an Entrepreneurship Conference for Developing Countries held at the Golda Meir Mount Carmel International Training Center in Israel.   She also said the electricity coverage is expected to reach a target of 54,000 households by 2017.

The Liberian Leader emphasized: “The rehabilitation of the Mount Coffee Hydro Plant, will further expand our power generation and distribution capacity to 88 megawatts when completed by the end of 2016.”

“The anticipated Mount Coffee Hydro Plant’s 88 megawatts power generation and distribution capacity will be backed by additional power grid being constructed throughout the country, with a large part through regional access,” President Sirleaf said  

The President also expressed delight in the recent passage of the new Electricity Bill which seeks to allow private participation in the sector.

According to President Sirleaf, Liberia continues to solidify investments by improving its seaports of entry and to pursue new investment opportunities to modernize the various ports’ infrastructure

In another development, the Liberian Leader said her administration has immensely invested in the expansion of road networks to improve local producers’ access to markets.

The Liberian Chief Executive noted: “My administration is credited for paving and rehabilitating nearly 698 kilometer city, inter-county, and neighborhood roads across the country, respectively.”  She described her administration’s level of achievement as the highest by any other administration in Liberia.

The Liberian Leader made the statement recently at the Golda Meir Mount Carmel International Training Center in Israel, where she addressed an important free enterprise Session for Developing Countries.

The President said:” By the end of 2017, the number of paved roads in the country will total 960 kilometers, of which 220 kilometers will be newly paved roads.”

President Sirleaf told Israeli entrepreneurs that Liberia continues to solidify investments by improving its seaports of entry and to pursue new investment opportunities to modernize the various ports’ infrastructure.

According to the Liberian leader, targeted investments have been made to provide better services for the Liberian people in the social service sector of the country.

 

 


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