President Sirleaf Assures Investors of Support to Strengthen Economy


President Ellen Johnson Sirleaf has assured investors of her government’s determination to create the necessary and enabling environment aimed at guaranteeing investors’ confidence that will lead to strengthening the Liberian economy and job-creation.

According to an Executive Mansion release, President Sirleaf was speaking at her Foreign Ministry office in Monrovia when a six-member delegation from MNG Group paid a courtesy call on her on its recent assessment visit to Liberia to explore areas of investment prospects in the energy, hospitality, as well as rubber wood processing for furniture production in Liberia.

President Sirleaf said she was extremely pleased with MNG Group’s follow-up mission having visited the country recently as a result of a high-powered delegation led by the multi-national company Chairman, Mr. Mehmet Nazif Gunal. She expressed delight that the Chairman Gunal made a promise regarding a follow-up visit, which has been demonstrated by the latest MNG Group’s return to Liberia to further explore strategic investment opportunities. She therefore stressed the need to accelerate the pace in realizing practical outcomes for mutual benefits.

Briefing President Sirleaf on their just concluded visit, the Chief Executive Officer of MNG Group, Mr. Serhan Wmurhan said his company was keen to invest in three key sectors including energy, hospitality and value addition to rubber wood processing for furniture-making in Liberia.

He thanked President Sirleaf for the opportunity and noted that key studies including conceptual designs for the hydro dam on the St. Paul River, technical design of hotel facility and feasibility studies will be finalized within the short-term to be followed by implementation. He acknowledged cooperation received from sector Ministries during their visit and thanked the government’s team for the level of responsiveness exhibited during the course of the assessment visit.

Meanwhile, MNG Group also intends to explore the possibility invigorating the Liberian pepper industry with a view to stimulating small holders’ participation geared towards the packaging of processed pepper for increased marketability.

Lands, Mines and Energy Minister Patrick Sendolo said it is important for MNG Group to study for likely collaboration with the Arcelor Mittal hydro initiative to expand energy availability accessibility to other critical stakeholders.

Other members of the six-member delegation included Guven Balkan; MNG Group Vice President, Serden M OanoBlu – MNGTARGEM (MNG Design Group); General Manager/ Architect, Yoguwr Satici (MNGTARGEM_ Project Coordinator-Architect, ILker Ertem – GNL Director – Building Wood and Serdar Sezgen – MNG Group Energy Director.


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