Liberia Government (Monrovia)

Liberia: Golden Veroleum Executive Arrives Thursday - US $100 Scholarship Program to Be Launched

1 September 2010

Monrovia — The Chairman of Golden Agri-Resources Limited, the lead investor of Golden VerOleum (Liberia) Limited, arrives in Liberia Thursday for a one-day visit.

Mr. Franky O. Widjaja is visiting Liberia as guest of President Ellen Johnson Sirleaf.

He will join the President to officially announce investment by the company in Liberia's oil palm industry. Golden VerOleum has entered into a concession agreement with the Liberian Government worth US$1.6 billion. The company will invest in oil palm plantations and out-growers farms in the southeastern counties of Maryland, Sinoe, Grand Kru, River Gee and River Cess. The agreement is presently before the National Legislature for ratification.

While in Liberia, the VerOleum Executive will also hold discussions with legislators. The visit with conclude with the signing of a Joint Communiqué between the Ministry of Agriculture and the Director of Golden VerOleum (Liberia) Inc.

As part of Thursday's events, Golden VerOleum is also expected to launch a US$100,000.00 (one hundred thousand dollar) scholarship program for Liberian students pursuing a career in agriculture.

Tagged: Agribusiness, Asia, Australia, and Africa, Business, External Relations, Investment, Liberia, West Africa

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