MONROVIA – The Liberian Senate on Tuesday concurred with the House of Representatives to vote in favor of a concession proposal that will give additional incentives to the Fouani Brothers’ concession. By Henry Karmo [email protected]The concession is expected to construct a factory that will transform raw materials in the Palm oil sector into finished products for consumption and other uses by the public. Though the incentive agreement received a majority of votes in favor of its passage, there are a few senators who believe that the company is already a recipient of similar incentives. Senator Jonathan Bolycharles Sogboie of River-Gee County believes the incentive agreement will disenfranchise small farmers because the new incentive will allow the company to import raw materials from other countries. However, the Senate had less than the required 19 votes to pass the incentive bill.

Source: Front Page Africa December 06, 2023 19:35 UTC