By Festus Poquie
Liberia has struck major deals with Chinese companies, paving the way for transformative development projects in the West African nation.
On the sidelines of the Forum on China-Africa Cooperation in Beijing, Liberia signed a $3 billion Memorandum of Commitment for the construction of an oil refinery in Buchanan, Grand Bassa County.
The deal, signed with a Chinese company, will see the investment of a green refinery and other energy projects.
Liberian President Joseph Boakai hailed the agreement, stating that it will improve the lives of the Liberian people and marks the beginning of a great partnership.
In a separate deal, Liberia has also secured a $100 million project for road, financing, and infrastructure development, further cementing the country’s growing ties with China.
President Boakai expressed his gratitude for the confidence shown by the Chinese company, emphasizing his commitment to investing in the Liberian people.
The landmark agreements are expected to pave the way for a new era of economic growth and prosperity in Liberia.
