Liberia pledges support for industrial investment
By the AFREEQUE newsroom, based on The Liberian Investigator
Acting Liberian Commerce Minister Stephen M. Yekeson Jr promises stronger support for investors who process raw materials, manufacture goods, generate electricity and create jobs. He also announces simpler trade procedures and digitised business registration, according to The Liberian Investigator.
The Liberian government will give stronger support to investors who process raw materials, manufacture goods, generate electricity and create jobs, acting Commerce and Industry Minister Stephen M. Yekeson Jr said. He was speaking on Tuesday on behalf of President Joseph Nyuma Boakai at the 7th biennial Prosperity Africa conference and Liberia Investment Forum in Monrovia, according to The Liberian Investigator.
Stephen Yekeson announced measures to simplify import and export procedures, digitise business registration, strengthen legal certainty for contracts and reduce administrative barriers. He also urged investors to prioritise production over simply trading raw materials.
The Ministry of Commerce and Industry’s 2025-2029 strategic plan prioritises trade facilitation, competitiveness, business development and market transparency. The minister cited agriculture and its processing, manufacturing, mineral beneficiation, and digital and financial services as priority sectors.
The International Monetary Fund forecasts 5.5% growth for Liberia’s economy in 2026, driven mainly by mining, manufacturing and construction. The conference, organised by the Liberia Chamber of Commerce and the Pan-African Chamber of Commerce and Industry, brings together investors, development partners and African public officials.
The announcement follows Liberia’s call to invest in four African economic sectors, published on 16 October. It also comes amid regional cooperation, following the announcement on 15 October of strengthened health ties between Liberia and Sierra Leone.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
