Liberian President Joseph Boakai Tuesday showcases the country’s abundant natural resources and investment-friendly policies, using the business friendly environment to lure investors.
Speaking to a gathering of business leaders and entrepreneurs in Monrovia the President pointed to the country’s rich natural resources, including mining, agriculture, tourism, energy, and infrastructure.
He particularly emphasized the potential in the agriculture sector, noting the country’s fertile soil, abundant water resources, and diverse agricultural products such as rubber, oil palm, rice, cassava, and corn.
Boakai also touted the country’s tourism potential, with its over 4,300 miles of coastline, pristine forests, and abundant wildlife, making it an ideal destination for ecotourism, fishing, and aquaculture.
The President assured investors that the government has waged a war against corruption and bureaucratic red tape, ensuring the safety and profitability of their investments in Liberia.
He told the conference about the country’s investment-friendly laws, including the flexibility to repatriate income without restrictions and the use of both the US dollar and the local currency.
The Liberia Business 2024 Conference was held under the theme: “Winds of Change: Leveraging Private Sector Investment to Spur Growth and Development.”
The President noted that his administration’s main goal is to steer the country in a new direction driven by a fresh mindset, built on the principles of peace, justice, and accountability.
