MONROVIA – The Liberian Senate has concurred with the House of Representatives on the ratification of an Investment Incentive Agreement between the Republic of Liberia and Modern Mills Liberia, Incorporated. By: Henry Karmo [email protected]The plenary decision followed a report from the Senate Joint Committee on Investment & Concessions, Judiciary and Ways, Means, Finance & Development Planning on the “Investment Incentive Agreement between the Republic of Liberia and Modern Mills Liberia, Inc”. Amongst other things, under the Agreement, the joint committee says the investor shall engage in the processing of wheat into finished flour and value-addition activities. The report says the Investor shall also provide an annual company-administered grant of US$5,000.00 for scholarships to Liberian Students residing within the Project affected Communities. Accordingly, the scholarships will be for High School graduates and University students to study in Liberia.

Source: Front Page Africa January 27, 2023 20:38 UTC