Liberia: ‘Too Much Money’: No Land - GVL Planning Liberia Bow

Mar 8, 2016 | Rodney D. Sieh, FrontPageAfrica
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A recurring Liberian nightmare is forcing another concessionaire out the door. FrontPageAfrica has reliably learned that the palm giant, Golden Veroleum, the world’s second largest palm producer has grown weary of lingering disputes with villagers and is unhappy with very little prospects after spending a whopping US$290 million since 2010. Multiple sources have confirmed to FrontPageAfrica that GVL, a subsidiary of Golden Agro Resources based in Indonesia with investment of 1.6 billion, is about to be sold out to another Indonesian company, partnering with a European company. Already, at least 400 Liberians have been laid off with full benefits paid and employees are said to be bracing for an uncertain future. Sources tell FrontPageAfrica that most of the expatriates’ work permits have expired and Labor Ministry could soon come knocking.