The Liberian Enterprise Development Finance Company (LEDFC) has announced that it will on today, March 11, introduce new services on its agenda for the Liberian economy.
The new services to be offered include fund management for individuals and institutions, provident funds and welfare funds, collective investment schemes, endowment, and foundations and provision funds, among others.
LEDFC says the new focus is in furtherance of its commitment to contribute to Liberia’s economic development.
The company has also announced that it is partnering with another company, Gold Coast Fund Management, based in Ghana, to provide new “world class financial services” to individuals, as well as public and private companies in Liberia.
Gold Coast Fund Management, according to LEDFC, is the leading investment banking firm in Ghana with over 20 years of reputable track record and experience in fund management.
The first fund management seminar is expected to take place on Friday March 11, in the ballroom of the Monrovia City Hall in Sinkor. LEDFC noted that during the seminar, there will be presentations on details of the new services and benefits that will be accrued.
This will also cover presentations on other services currently offered by LEDFC, which the company said could be beneficial to other institutions.
The Liberian Enterprise Development Finance Company (LEDFC) is a reputable non-bank financial institution licensed and regulated by the Central Bank of Liberia (CBL).
Since its establishment in 2007, the Liberian Enterprise Development Finance Company has supported over 200 Liberian-owned SMEs operating in Monrovia and in the leeward counties.
The company has operations in Lofa, Bong, Grand Bassa, Rivercess, Sinoe and Grand Gedeh Counties, offering loans and technical assistance.
It may be recalled that the Central Bank of Liberia (CBL) in 2007 granted license to the Liberia Enterprise Development Finance Company (LEDFC), a development finance and equity investment non-bank financial institution, that would focus its activities on medium and long-term lending to Liberian businesses.