Liberia provides one of the best opportunities for investments in Africa today. The country is laying all the necessary groundwork in terms of its corporate tax regime, ease of setting up a business and the repatriation of capital to attract investors.
Apart from local incentives, the country is a springboard into the sub-regional Mano River Union market (40 million people) and the regional ECOWAS market (over 335 million people). A virgin territory with vast unexploited sectors make up an eager, easy to train and affordable workforce. Liberia’s development corridors present investment prospects in infrastructure development, agriculture and tourism, among others, that are unparalleled in the region.
Our climate is favourable to farming. Vast forests and an abundance of water provide a basis for increased agricultural development in our value chain products: aquaculture, marine fisheries, horticulture, oil palm, cocoa, rubber, cassava and much more. Manufacturing and processing of our own produce
present vast opportunities for investors.
The current high imports provide proof for the viability of the markets. Agriculture is a major sector of Liberia’s economy, worth 38.8% of GDP and employing 67% of the population, providing a valuable export. Excluding other food supply, Liberia spends upward of US$80 million annually importing its key staple food, rice. Liberia wants to reverse this trend, as the country is endowed with vast stretches of swamps and other fertile lands to grow rice and most of what we consume.
A knowledgeable farming workforce is available, and investments in technology, specifically mechanized farming, will maximize outputs.