Home NewsLiberia Hungary approves 50 Million USD for investment ventures…

Hungary approves 50 Million USD for investment ventures…

by Maximilian K. Kasseh jr

MONROVIA, LIBERIA-The Government of Hungary has approved a whopping fifty-million United States Dollar to undertake investment ventures in Liberia, and also scholarships intended for the Country’s youth.

An Executive Mansion release issued recently said the move came after the Foreign Minister of Hungary, Peter Szijjarto, paid a courtesy call on President George Weah on Friday, November 4, 2022, on the margins of the MEDays International Peace Forum in Tangier.

It said the courtesy call was meant to announce the good news of his Hungary’s approval of the Expo Credit Facility for investment in Liberia.

Ambassador Szijjarto also told President Weah that a number of Hungarian investors have interest to invest in Liberia’s Health and Education sectors.

The Executive Mansion further quotes him as saying Hungary is awarding additional fifteen scholarships to Liberia, thus increasing it to 25 annually.

Responding, President Weah lauded the Hungarian Ambassador for the interest and commitment expressed by the Government and people of Hungary to assist Liberia and approve diplomatic relations between the two countries.

The Liberian Leader welcomed investment and trade by Hungarian investors in the areas of agriculture, medium scale manufacturing, green power production, mining and oil and gas.

President George Weah also called for further cooperation in the areas of youth development and construction of community sports facilities, which will go a long way in harnessing the already stronger relations between both countries.

By: Naway Gumeh

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