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Several Yekepa Communities Lack Safe Drinking Water

first_imgSeveral communities in Yekepa are currently facing an acute shortage of safe drinking water, compelling the residents to fetch their drinking water from the jungle.The Daily Observer, on a tour of some of the camps in Yekepa, including areas N, L, O and others, discovered that these communities are facing severe water problems which they claim have been brought to the attention of the Arcelor Mittal  Management.Eric Yarwiah, a resident of area “L” in Yekepa, said, “We fetch our water from the spring right down in the valley because we are not benefiting from water provided by Mittal.”“We do not have even a hand pump within this community and continue to get drinking water from the spring in the jungle down the valley,” he added.When this reporter visited areas “L and N, people were seen getting water from the valley, about a 20 minute trek away somewhere around area “P.”Most of those seen at the spring drawing water were children of area residents.“My name is Theresa. I lived around area “O” and I come here daily to get our water because we do not have a well or pump around us,” a 12 year-old girl told our reporter.Yekepa is getting crowded, with people coming from across Liberia seeking for jobs and better living conditions.Some citizens expressed frustration over the failure of Mittal to provide them with safe drinking water or even electricity during the night.“We need electricity in our homes and this is absent. But Mittal is yet to install one light pole for street lights during the night. We are so surprised at the way they are separating us from their workers,” said Mary Bangura, resident of area “P”.Presently, Yekepa is divided into two, with workers of Mittal living in some of the camps already renovated with pipe borne water and 24-hour   electricity.But, the rest of the camps are yet to benefit from any of these amenities, forcing many of the neglected communities to get drinking water from the spring.When contacted the public relations officer of Mittal, Mr. Jerry Mwagbe, said the company only provides water to where they have their workers.Most of the areas in Yekepa are yet to be renovated almost 10 years after Mittal took over operations of Liberia’s leading iron ore deposit in Nimba.The renovated camps where Mittal workers are living have been barricaded with wire fences and presently the company is issuing ID cards to all occupants to distinguish them from non-workers.  However, according to the public relations officer, the fencing was intended to maintain security and monitor random movement.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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NWE Launches US$25M Supplier Credit through Banks in Liberia to Import Heavy Equipment

first_imgIn an effort to provide access to much needed financing for heavy equipment for road construction, agribusiness, mining, forestry, and other sectors; Nationwide Equipment (NWE) of Jacksonville, Florida (USA) has made an offer to work with Ecobank, United Bank for Africa (UBA), and International Bank (IB), to provide US$25 million in structured financing for the heavy equipment market in Liberia. If successful and if there is a market demand, the Company intends to expand the program as the local marketplace may need.The arrangement allows for the local banks to conduct their usual underwriting due diligence on each transaction and, depending on the transaction, provide customers approved for loans up to three years for settlement of loan facilities obtained through the program. For each transaction, the banks will have access to capital through Nationwide’s Supplier Credit Program and will not have to tie up their own funds for heavy equipment purchases. The banks in turn will issue the necessary stand-by bank guarantees as credit enhancement to secure each transaction they underwrite for their customers. This is a clear opportunity for road contractors, engineers, trucking companies, miners, farmers and others to more easily import heavy equipment with minimal down-payment and longer than usual tenor to pay off the equipment loans. This will allow the banks access to additional resources and capital beyond their own to meet the needs of its customers, while Nationwide supplies the market.“We are more than happy to work with the banks in Liberia to provide additional access to capital to finance acquisitions of heavy equipment. We have extensive experience in Africa, working with banks to make deals happen as we leverage the banks’ knowledge of their local markets. So, this is a good opportunity for us as well as good for Liberia given the infrastructure development needs it has,” says Mr. Ed Kostenski, President and CEO of Nationwide Equipment. For his part, Olalekan Balogun, the Managing Director of UBA, one of the banks engaged said, “I look forward to a mutually beneficial relationship.”Founded in 1983, Nationwide Equipment has served customers in 60 countries, and specializes in sale and financing of agricultural, mining, construction, energy, oil and gas, marine equipment, emergency-ambulatory, waste-sanitation, trucking-logistics and much more. As an Industry leader, Nationwide Equipment has experience and resources to provide high quality equipment and world-class after sales support.The company’s Africa Sales and Marketing Director, Henrique Caine added, “the opportunities for development in our sub-region are immense, and so this credit arrangement with the commercial banks is very much on time, we look forward to providing a lot of creative and flexible financing solutions if the market demands for it.”For more information about this program, customers may contact +231-776857538 or +231-880212525, or any of the banks mentioned.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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