President Joseph N. Boakai has assured national and intentional investors of maximum protection of their investments in Liberia. Speaking Tuesday, August 6, 2024 at the opening of Liberia’s 2024 Investment Conference at the EJS Ministerial Complex in Congo Town, President Boakai said, “I assure you all that every cent you undertake to invest in Liberia will be fully protected.” The President reassured investors that their investment will be secure, stable, and profitable on the Liberian soil.
According to him, in years past, aside from the war, corruption, and bureaucratic red tape rose to stifle investment and rob the Government in Liberia.
Boakai stated that the country’s investment-friendly laws allow investors to repatriate their income without restrictions, saying the country uses both the US Dollar and the local currency, providing flexibility for transactions.
“Your convergence at this investment conference today, under the theme, “Winds of Change: Leveraging Private Sector Investment to Spur Growth and Development,” is particularly welcome considering the path we have embarked upon as a nation,” he noted.
The Liberian leader narrated that since he took over as President, his commitment has been and continues to be the building of a nation based on the principles of peace, justice, and accountability.
President Boakai narrated that Liberia is blessed with abundant natural resources and fertile soil, and it is not unreasonable for the Liberian people to demand that their resources be used to build a country which all can be proud of. He indicated that through partnerships with investors and development partners, the country is already on the right path to building a nation that everyone can be proud of internationally.
Boakai stated that these are the reasons why in such gatherings, he, as President, has consistently carried good news about Liberia’s resources, the suitability and the determination to embark on a new path in nation-building.
“Today, we can proudly declare that investment opportunities are not only substantial and impressive, but also promise substantial rewards,” he said.
The president said Liberia is richly endowed with natural resources which span a wide range of sectors worthy of investment, including mining, agriculture, tourism, energy, infrastructure and more. Boakai noted that in agriculture, Liberia has rich terrain and abundant water; several investors are involved in this sector, including those focused on rubber, iron ore and oil palm.
According to him, with over 42 percent of the rainforest in West Africa, Liberia offers tremendous opportunities in the agriculture sector, and even for investors interested in furniture manufacturing, Liberia is an excellent destination, as it is blessed with an abundance of diverse and rare species of wood.
He said Liberia’s tourism sector is also very promising and with over 4,300 miles of coastline, the country offers beautiful beaches, perfect for activities such as surfing, well as pristine forests and abundant wildlife making it an ideal destination for ecotourism.
