Liberia’s Ambassador to France, Teeko Yorlay, has unveiled the country’s rich investment attraction brochure in Paris, aiming to bolster international investment in the country in line with the government’s developmental agenda.
Released a fortnight ago by the embassy staff, the unveiled investment attraction brochure is intended for the viewing, entertainment and relaxation of guests and visitors arriving on the premises of the embassy.
The brochure, which highlights the government’s ARREST Agenda in synopsis, also aims to showcase Liberia’s diverse investment opportunities and promote the West African nation as a viable destination for foreign investors.
The introductory page of the brochure reads, “Liberia is embarking on an ambitious journey of growth and opportunity.
Guided by the vision of President Joseph Boakai, our nation’s ARREST Agenda for Inclusive Development presents a bold and strategic blueprint for progress and investment.”
According to the brochure, the ARREST Agenda, otherwise known as the AAID, is Liberia’s development roadmap as such, “It is a national development plan, crafted to transform both our economy and society.”
The inscription within the brochure adds, “This comprehensive strategy is investor-focused, ensuring that your time and resources are well spent.
As we Accelerate growth, we streamline processes to avoid delays.”
“As we Reform, we eliminate bureaucratic red tape. As we Revitalize key sectors, we create new opportunities for private enterprise. As we expand Energy and infrastructure, we empower your projects.
As we strengthen Social Services such as health and education, we cultivate a skilled, capable workforce to support your business needs. And as we promote Tourism, we also create an inviting environment for expatriates and visitors alike,” the statement asserts.
Also, the Brochure goes on to provide briefs of various aspects of the Liberian economy vis-à-vis the country’s current government facilitating reforms covering the civil service and economic outlook, encompassing solid growth, inflation control and sectors of opportunities.
Additionally, the brochure throws light on the country’s burgeoning agriculture and agro-industry, shedding light on the country’s abundant resources, inclusive of its fertile soil and well-crafted national development plan, which focuses on transforming from subsistence to mechanized and agribusiness.
Furthermore, it discusses the opportunities for value-addition cum processing raw materials into possibly finished products, as well as deliberates on international investments from EIB and IFAD amounting to US$50 million plus.
The brochure also delves into Liberia’s investor-friendly Mining and natural resources sector, regulatory framework, investment opportunities, and intoned, “Liberia’s message is clear: our natural resources are open for partnership under fair terms, and we welcome responsible investment to develop them for mutual prosperity.”
The brochure further provides insightful summaries of other critical sectors such as Energy and electricity, Infrastructure development; pinpointing all currently ongoing projects, and here the Ministry of Public Works’ critical role in translating President Boakai’s iconic rallying remarks ”ROADS, ROADS, ROADS coupled with ‘Think Liberia, Love Liberia, Build Liberia’ is translated to reality by way of these efforts including dry season roadwork interventions, the establishment of road fund collection mechanisms, and the review of salary structures for engineers to attract and retain top talent.”
Liberia is often called West Africa’s hidden jewel, and under the ARREST, developing Tourism, particularly eco-tourism, is a key focus to diversify the country’s economy, with a vision to protect Liberia’s natural beauty while sharing it with the world.
“The government is investing in national parks and tourism infrastructure. We have established several protected areas (like Sapo National Park and Lake Piso Reserve) and are improving access roads, visitor centres, and training for park rangers and guides,” the brochure added.
In remarks, Amb. Yorlay noted, “It is with great optimism that I invite you to explore the new Liberia we are building, one of opportunity, stability, and partnership.
“The ARREST Agenda represents our commitment to Accelerating growth. It also ensures reforms and good governance, revitalizing key sectors, expanding Energy access, bolstering social services, and promoting Tourism. We warmly welcome you to join us in this journey toward mutual prosperity,” he explained.
Meanwhile, the attractive brochure also highlights Liberia being the next investment destination that French and other European investors should consider and take advantage of the endless virgin as well as win-win opportunities that the nation offers to all would-be investors, so to speak.
The brochure asserted, “Liberia today offers the promise of high rewards for early investors who see what is on the horizon. Our country is transforming into implementing sound policies, investing in people and infrastructure, and unleashing entrepreneurial energy.”
“We have success stories already: from major agribusiness and mining operations expanding to new entrants like a GMP-certified pharmaceutical plant, the first in our region, proving that doing business in Liberia can be both feasible and rewarding. So, we call on all French businesses to join the Liberian government in creating jobs for the youth, increase trade between Liberia and France, as well as foster innovation that benefits both economies,” the brochure added.
