first_img-House Reviews InvestmentPresident Ellen Johnson Sirleaf last Tuesday wrote the House of Representatives to approve a ‘special tax cut agreement’ in favor of a group of Liberian professionals and investors – the Musons Group, Inc. (MGI), which will last for 15 years.Mr. Joe Gene Mulbah is the President and CEO of Musons Group, Incorporated.The President’s letter to Speaker J. Emmanuel Nuquay said the law, titled, “The Investment Incentive Agreement between the Government of Liberia and Musons Group, Inc,” has an investment of over US$70 million.The President said the purpose of the Investment Incentive Agreement (IIA) is to actualize government’s initiative of attracting and encouraging investors to invest in the country.The agreement was signed by the Ministry of Finance and Development Planning and the National Investment Commission, and attested by the Ministry of Justice on behalf of the Executive Branch of Government.The investment contract is intended for the construction, development and maintenance of a 210-room state-of-the-art hotel and resort in Marshall, Margibi County and other recreational facilities.“These recreational facilities when completed will develop the tourism sector, will provide jobs, generate revenues, provide opportunities for Liberians to showcase their talents and improve the livelihood of the citizens,” the President wrote.“The aim and objective of this Investment Incentive Agreement is to develop and put Liberia’s hotel and tourism sectors on par with other developed nations, encourage the construction of facilities that will attract world leaders and other world dignitaries to consider hosting major conferences and other global activities in Liberia.“Mr. Speaker, this Investment Incentive Agreement that is in line with Liberia’s relevant laws and public policy appertaining thereto, compliments the development plan of the hotel and resort sector of Liberia thereby attracting tourists.“As government commits to creating jobs and a sustainable economic environment, the passage into Law of this Investment Incentive Agreement will demonstrate Liberia’s commitment and implementation in that endeavor.”Following the reading and acceptance of the instrument, plenary agreed to a motion proffered by Hon. Clearance Massaquoi to forward it to the Committees on Investment and Concession, Judiciary, Broadcasting and Tourism, and Ways, Means, Finance and Development Planning to review and advise the body within two weeks.The MGI is comprised of Liberian professionals with a common objective of developing an organized, committed and focused institution, MUSONS GROUP, Incorporated, which was established on August 5, 1996. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

first_imgGuyana was recently bestowed with a “Destination Stewardship” award from the Caribbean Tourism Organisation (CTO), for its collaborative approach to maintaining the cultural, environmental and economic integrity of the country.Receiving the award on behalf of Guyana were the Guyana Tourism Authority’s (GTA’s) Director, Brian Mullis and Deputy Director, Carla James at a Caribbean conference on “Sustainable Tourism Development” in St Vincent and the Grenadines under the theme “Keeping the Right Balance:- Tourism Development in an Era of Diversification”.GTA Director, Brian Mullis (right) and Deputy Director, Carla James proudly show off the award (GTA photo)After receiving the award, the Deputy Director noted that the GTA has been working tirelessly to include tourism best practices into all that the agency does.“Guyana, through the work of the Guyana Tourism Authority and its partners, has expended considerable effort in recent years to incorporate sustainable tourism best practices into all aspects of its tourism strategy, policy, planning and programming. It is always good when your destination or business is recognised for the hard work that is put in,” she said.In addition to the Destination Stewardship Award, Guyana also received a “Karanambu Lodge – Sustainable Accommodation” award.In this regard, GTA said it is committed to sustaining the momentum.Guyana Times was told that the 26 members of the CTO were judged based on their input to improving the long-term competitiveness of tourism businesses and destinations; improving the well-being of communities as safe places to visit, live and invest; preserving and conserving cultural, historical and natural heritage; promoting a sense of place and authenticity, including tourism stakeholders in decision-making and communicating and promoting sustainable tourism good practices to other tourism stakeholders.Back in March of this year, Guyana was awarded the number one “Best of Ecotourism” destination in the world. The award was presented to Guyana at the ITB global travel trade fair in Berlin, Germany.The second annual “Best of Top 100” Awards is a selection of the finest top 100 destinations selected by a panel of experts who review sustainability success stories submitted by destinations worldwide.The newly created “Best of Ecotourism” category was added in 2019 and put Guyana up against very well-known and experienced ecotourism destinations, such as Sierra Gorda in Mexico, Tmatboey in Cambodia, and the Galapagos Islands in Ecuador.last_img read more