spot_imgspot_img
Tuesday, October 8, 2024

PRESIDENT BOAKAI RETURNS FROM ASIA, SECURES MAJOR INVESTMENTS AND AID FOR LIBERIA

Date:

MONROVIA, LIBERIA — President Joseph Nyuma Boakai addressed the nation on September 11th, upon his return from a week-long trip to Asia, declaring that “we deserve to live in dignity.” Speaking at a thanksgiving service at Effort Baptist Church in Paynesville, the President expressed gratitude for the safe return of his delegation and provided updates on his high-level engagements in Asia.

During his visit, President Boakai participated in two major summits and held bilateral meetings with Indonesian and Chinese leaders. In discussions with Indonesian officials, he advocated for support in developing Liberia’s oil palm sector, including the establishment of a refinery and Indonesian banks to finance smallholder farmers. He also proposed reactivating the Liberia-Indonesia Joint Commission to strengthen development cooperation. Indonesia’s Golden Veroleum, with $2.2 billion invested in oil palm in Southeastern Liberia, is highlighted as a key partner.

In talks with Chinese President Xi Jinping, Liberia secured substantial aid, including a 200 million RMB grant, 30 million RMB in food assistance, 6.6 million RMB in debt relief, 13 million RMB for agricultural equipment, and 185 million RMB to expand Liberia Broadcasting System coverage. The two leaders agreed to revive stalled infrastructure projects, including overhead bridges at the Ministerial Complex and SKD Boulevard, set to commence in early 2025, with an estimated cost of $30 million. Additionally, China will assist in modernizing Liberia’s electricity grid and construct a 75MW solar power plant in Bomi County, alongside other road and bridge projects.

President Boakai praised China as a crucial partner in Liberia’s development and announced plans to form a team to follow up on the commitments made during his trip. The China-Liberia trade and investment forum in Shenzhen, featuring over 100 Chinese companies, showcased Liberia as an investment destination. Agreements were signed in various sectors, including technology, oil refining, tourism, infrastructure, and maritime programs.

smartnews
Smart News Liberia is an online news outlet and a product of Smart Media Group Inc. Our website, smartnewsliberia.com, covers a broad spectrum of news content. For inquiries or information, you can reach us at 0777425285 or 0886946925, or email us at smartnewsliberia@gmail.com or info@smartnewsliberia.com.

LATEST DEVELOPMENT

BOAKAI’S MISPLACED AMBITIONS AS LIBERIA BLEEDS AND THE PRESIDENT COURTS GLOBAL VANITY

Eight months into his presidency, Joseph Boakai’s administration is...

TAKE IMMEDIATE PRECAUTIONS TO PREVENT THE SPREAD OF MPOX – STAY ALERT, STAY PROTECTED

As Liberia confronts the resurgence of Mpox, the confirmation...

NO JUSTIFICATION FOR HIGH SALARIES OF BOAKAI ADMINISTRATION OFFICIALS AMID ECONOMIC STRUGGLES

In the midst of Liberia's current economic struggles, revelations...

LIBERIA’S POLITICAL CRISIS: A CALL FOR RESPONSIBLE LEADERSHIP AMID ESCALATING TENSIONS

The recent clash between the Coalition for Democratic Change...

COMMENTARY

THE MASS DISMISSAL OF LIBERIAN PUBLIC SERVANTS: A TROUBLING TREND UNDER THE BOAKAI ADMINISTRATION

A Commentary by Wondah L. Jah Since assuming the presidency,...

SECURITY RISKS: IS PRESIDENT BOAKAI UNKNOWINGLY SETTING THE STAGE FOR EARLY COUP D’ÉTAT?

In his commentary, Liberian political analyst Vandalerk R. Patricks...

IS JOSEPH BOAKAI LISTENING TO PROTESTS AROUND AFRICA?

A Commentary By Wondah L. Jah In January, Joseph Boakai,...

LATEST NEWS

PRESIDENT BOAKAI’S ADMINISTRATION BLASTED FOR CORRUPTION AND INEFFECTIVENESS

MONROVIA, LIBERIA – In a striking critique of the...

SIERRA LEONE UNDER A NATIONWIDE CURFEW AS ARMED MEN BROKE INTO A PRISON, SETTING INMATES FREE

By Mayeni Jones BBC West Africa correspondent Sierra Leone has been...

FORMER VICE PRES. JOSEPH  BOAKAI BLAMES ELLEN JOHNSON-SIRLEAF AGAIN FOR NOT DOING  MORE FOR LIBERIA

Former Liberia President, Ellen Johnson Sirleaf LIBERIA – Ahead of...

WAR CRIMES INVESTIGATOR CALLS FOR OVERSIGHT INVESTIGATIONS INTO ALLEGED CRIMINAL CONSPIRACY

A war and economic crimes investigator based In Washington...

Share post:

EXCLUSIVE INTERVIEW

OPINION

AMERICA’S NEGLECT OF LIBERIA: A CALL FOR CHANGE

An Opinion By Bishop Dr. Rudolph Q. Kwanue, Sr A...

AMID AN UNENDING WAR AGAINST POVERTY, INJUSTICES – HAS THE PROGRESSIVE STRUGGLE BECOME LOST IN TRANSLATION?

A Patriot's Diary With Ekena Wesley What manner of Liberian progressives...

HAS PRESIDENT BOAKAI’S GOVERNMENT BEGUN BEARING GOOD FRUITS? (PART1)

By Jacob N.B. Parley Following a careful reflection, I have...

ELEVATING THE AG BIBLE COLLEGE TO A UNIVERSITY: A MILESTONE ACHIEVEMENT

By Jacob N.B. Parley After many years of successful preaching...

THE DILEMMA OF PRESIDENTIAL SUPREMACY IN LIBERIA: EXAMINING THE BALANCE OF POWER

By Dr. Clarence R. Pearson, Sr. Superior presidency is the...

THE GALLERY

spot_imgspot_img

MORE ARTICLES

spot_imgspot_img

MORE NEWS

LATEST DEVELOPMENT NEWS

LATEST CRIME NEWS

Share via
Copy link