The Government of Liberia has formalized a strategic partnership with Afriland First Holding through the establishment of the Liberia Corporation for Strategic Investment (LCSI), a Special Presidential Project created under Executive Order No. 158.
President Joseph Nyuma Boakai, Sr. signed the order on February 13, 2026, positioning the LCSI as a joint venture vehicle to drive national development priorities and resource mobilization. The initiative underscores the administration’s commitment to sustainable economic transformation, inclusive growth, and institutional accountability.
Under the ownership framework, the Government of Liberia will hold 80 percent of LCSI shares. Sixty percent of this equity will be distributed equally among Liberia’s 15 counties, granting each county a four percent stake. The remaining 20 percent will be retained by the central government. Afriland First Holding will control 20 percent of the corporation, with at least 10 percent of its shares earmarked for public and industry participation, including banks, insurers, and other qualified institutions.
The LCSI’s mandate is broad, targeting key national priorities: Mobilizing domestic and international financing for strategic projects, establishing rural micro-structures to stimulate local economies and job creation, promoting agricultural self-reliance, with emphasis on rice production and food security, supporting construction and rehabilitation of military barracks and critical public infrastructure, advancing feasibility studies, policy research, and digital transformation, and coordinating implementation of programs aligned with Liberia’s development agenda.
Oversight of the corporation will rest with the Office of the Minister of State without Portfolio, designated as the focal point for presidential supervision. A Board of Directors, comprising representatives of both the government and Afriland First Holding, will provide governance and ensure transparency, accountability, and compliance with national laws.
The Executive Order grants LCSI privileges under the Strategic Partnership Agreement, including exemptions from certain taxes and duties. Senior executives and technical staff will enjoy diplomatic privileges to facilitate international cooperation and financing.
The Minister of State without Portfolio has been tasked with fast-tracking the corporation’s operationalization. Within 12 months, pilot projects in rural development, agriculture, and infrastructure rehabilitation are expected to commence.
The minister must also coordinate with relevant ministries to complete legal and administrative requirements for legislative ratification, institutionalize the corporation, and submit quarterly progress reports to the President.
Executive Order No. 158 derives authority from Article 50 of the Liberian Constitution, which empowers the President to ensure faithful execution of laws and policies in the national interest. The order will remain in force for one year, during which the government will pursue legislative ratification to transition LCSI into a permanent statutory entity. Its expiration will not affect the corporation’s continued existence once duly constituted.
The creation of LCSI marks a significant step in Liberia’s bid to strengthen public-private partnerships, decentralize economic benefits across counties, and accelerate national development through strategic investment.
