GVL is a strategic long-term investor in Liberia, whose founders and investors hold the deep belief that oil palm development can and should be carried out responsibly and sensitively. Such development will offer opportunities of prosperity for communities while ensuring environmental conservation, and stability, sustainability and investment returns by working with key stakeholders
Why is Oil Palm Important to the Southeast?
Southeastern Liberia can be characterized as having the best soil and climactic conditions in Liberia for agriculture and oil palm, yet remains relatively under-developed with minimal economic activity. Jobs,
The peoples of the South-East, the Kru, the Sapo, the Tajuasohn, the Grebo, are proud and sovereign peoples. In the new, free and democratic Liberia, they have expressed the wish to both preserve their heritage and to develop
Oil palm, when well managed,is a proven eradicator of poverty and bringer of rural prosperity. GVL aims to be a major contributor to poverty eradication, while building a profitable business.
In 2009 and 2010 GVL consulted the South-Eastern communities and the Liberian Government, and our plans were welcomed, In September 2010, the Legislature of Liberia ratified a concession agreement with GVL for oil palm development. The Government’s principal objectives were,and remain, urgent poverty reduction and economic transformation in the region through employment and stimulation of the local economies, and in the longer term, for fiscal a share of economic profits and building value added industries in Liberia.