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Wednesday, June 12, 2024

Investors Flock to Liberia Seeking Diverse Opportunities

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In a bid to capitalize on Liberia’s resource-rich economy and the government’s efforts to revitalize the country’s infrastructure and agricultural sectors, a group of international investors led by Mr. Benyoucef Faiz Hamacha of the Uni Commerce Group International (UCGI) are expected arrived in the country today.

The group is looking to invest in a range of sectors in the West African nation of 5.5 million people..

Liberia faces employment challenges mainly for its majority youthful population because of limited private sector expansion, building up the pressure on the government to find something for them to do.

With the new administration pressing forward to keep roads in good shape across the country and launch agriculture as its main flagship mantra, international investment could be the only strongest backbone of the state effort to expand private sector and create jobs.

Already,  the UCGI is in an ongoing preparatory setting up process of what it called the AFRICA CONSORTIUM HOLDING GROUP, PLC  Liberia , the umbrella entity of all the investment projects to be carried out in Liberia.

The company`s delegation brings together a pool of investors that intend to hold exploratory  investment discussions  with a range of government entities with the view to understanding the potential investment opportunities in various sectors, including infrastructure, agriculture, banking, mining, transportation, communications etc.

Grand Gedeh County District #3 Representative, Jacob Debee extended the invitation to the UK based group that is touching down at the Robert’s International Airport on a private jet Monday to begin talks with officials, beginning with the Chairman of the National Investment Commission on Tuesday, May 28, 2024.

Representative Debee said he looked forward to fruitful engagements between the investors and Liberian Government officials leading to what he called a launch of the much needed investment to absorb the country’s youths.

He said as a youth himself, he’s keen on scouting investment out there to come to Liberia to support the governments efforts at creating jobs through the private sector.

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