Africa Is Home 2  

COMPANIES LOOKING TO DO BUSINESS  IN LIBERIA

RH2 TECHNOLOGIES OF RIVERDALE, GEORGIA-  RH2 Technologies is a new and innovative International Procurement Company with a focus on doing business worldwide as a consulting and referral service. We specialize in bringing a service or a product to those who are in need of this service or product creating a mutual exchange.. We cover a broad range of products and services for our clients. We pride ourselves at sourcing the best deals with the lowest prices.

RH2 Technologies is a LLC, CCR certified and Minority Black owned innovative company located in Riverdale, a suburb of Atlanta, GA. We specialize in International Procurement, bringing services and products to those who are in need of them, creating a mutual trade exchange.

Our mission is to provide other alternatives and competitive prices to our clients, by going directly to the manufacturers and cutting out the middleman. Our large data base of Service and Product Suppliers has helped us to provide a competitive source to draw from. We are always seeking new products and service providers to make improvement on what we already have. If you are interested to join our team, please send us an email. Our goals are to improve trade relations with Africa. Bring Spiritual awareness and A hope in Christ through the Word of God! All of Africa have to learn how to enter the mainstream Trade Market to turn their natural resources into monetary value so they can use the money to improve their quality of life for the entire continent.  We are assisting The Kisii Community in Kenya with its growing AIDS Crisis, by seeking Grants for them. The Proceeds from the sell of their Products and Donations from our Company will help these rural communities. We ask that people everywhere will assist the NGOs, Churches and other Organizations who are working tirelessly in this effort. Thank you.

 

Liberia Enterprise Development Fund

American businessman Robert L. Johnson, chairman of the RLJ Companies, the U.S. Overseas Private Investment Corporation (OPIC), the African Development Foundation (ADF), and CHF International (CHF) have joined forces to create The RLJ Liberia Enterprise Development Fund (LEDF) – a multi-faceted business financing and technical assistance initiative. This initiative will provide approximately $30 million to finance a coordinated approach for stimulating Liberian private enterprise. The LEDF is expected to have significant impact on the Liberian economy, by improving business access to financial and technical resources necessary for sustained growth and prosperity. Short and medium-term impact will be created by direct inputs, including the provision of credit, select equity investments, and targeted technical assistance. Longer-term impact is expected to include functional commercial linkages between a significantly increased number of businesses and the Liberian financial sector, as well as the creation of a stable, commercially viable business sector.

 

Estimates project that a $30 million loan portfolio will meet the credit needs of more than 1,500 businesses.

 

LEDF Structure

The LEDF will comprise two components:

•A U.S.-based Liberia Fund to manage financial resources, provide initiative operations with policy guidance and oversee initiative management; and,

•Liberia-based Fund Operations, through which all credit programming, technical assistance and training will be managed.

The Liberia Fund will be initially capitalized by U.S. private and other investors. Robert L. Johnson will lead with his own commitment of up to $3 million. In addition, the Africa Development Foundation will commit up to $1 million annually for three years, to establish a comprehensive growth and development program for pre-commercial small and medium-sized enterprises.

 

The Fund will be operated by CHF International, a not-for-profit organization incorporated in the United States. LEDF resources will support the overall management

and facilitation of the investment activities (debt and equity) and supplement ADF programs with funding for technical assistance for businesses and entrepreneurial skills training.

 

Liberia Enterprise Development Fund

An Oversight and Advisory Committee comprised of representatives of RLJ, ADF, OPIC and CHF will oversee the management of Fund resources; provide initiative management with strategic guidance; ensure coordination among the parties; monitor implementation of the initiative; and continue to identify appropriate sources of additional capital for LEDF.

 

The Liberia-based Fund Operation will include (1) a Liberian non-bank financial institution (NBFI) for lending to Liberian entrepreneurs and (2) management of supplemental technical assistance and training services.

OPIC will finance lending operations with $20 million in debt financing to the NBFI, which will be operated by CHF International. CHF International will design and implement the lending facility in close collaboration with OPIC and other LEDF partners.  Potential borrowers include existing Liberian firms, new enterprises, and diasporans returning to Liberia to start businesses. CHF International expects to identify many credit-worthy borrowers from firms that graduate from the ADF growth and development program.

The finance activities of the NBFI are expected to be self-sustaining in the medium term. Ultimately, the LEDF will seek to integrate local banks into these activities as co-lenders in order to expand debt resources for enterprises.

As opportunities arise, the NBFI will make limited use of appropriate investment instruments to provide select businesses with equity capital necessary to support growth strategies. In all cases, Fund equity and other participation will include specific exit strategies. The initiative may use equity instruments either in conjunction with or independent of credit.

Technical assistance and training for Liberian entrepreneurs will be provided in coordination with African Development Foundation supported programming and other arrangements including contracts with local service providers, cooperative agreements with local training institutions, direct assistance and/or training by LEDF staff.

Technical assistance and training will be designed to complement credit programming, but will be available to entrepreneurs regardless of their credit needs. The initiative will also work with government entities, international donors and Liberian financial institutions to improve credit and other service needs of the growing business

community.

LIBERIA - *Passport, visa, and evidence of a yellow fever vaccination required.  Travelers must obtain visas before arrival.  There is a $100 (U.S.) airport tax on departing passengers.  Visa requires 2 application forms, 1 valid passport, 2 passport photos, proof of sufficient funds, letter of request, and proof of place of accommodation.  Visa fees: $100, single entry valid 1-3 months; $200, multiple entry valid 1 year; $300, multiple entry valid 2 years; $400, multiple entry valid 3 years.  Obtain exit permit from immigration authorities upon arrival, 1 photo required.  For specific requirements, call the Embassy of the Republic of Liberia, 5201 16th St., NW, Washington, DC 20011 (202/723-0437).  Internet: www.embassyofliberia.org

GHANA - *Passport and visa required.  Proof of yellow fever vaccination required.  Tourist visa required for stay of up to 30 days (extendible).  Visa requires 4 application forms, 4 recent photos (taken not more 3 months before date of application), proof of sufficient funds, onward/return ticket, and appropriate fee (singe-entry $50; multiple-entry $80).  For additional information, contact the Embassy of Ghana, 3512 International Drive, NW, Washington, DC 20008 (202/686-4520) or Consulate General, 19 East 47th St., New York, NY 10017 (212/832-1300).  Internet: www.ghana-embassy.org