Liberia Promotes Investment in Critical Minerals and Energy to Build an Investment Gateway in West Africa

The official website of "Energy Capital and Power Network" reported on August 13th: Isaac Targert, the U.S. Trade and Investment Envoy of the Ministry of Foreign Affairs of Liberia, recently stated at the U.S.-Africa Energy Forum that the country is actively promoting the transformation from raw material exports to high-value-added industries, with a focus on developing key minerals such as lithium, cobalt, and manganese, as well as renewable energy projects. To attract investment, Liberia offers preferential policies such as a five-year tax exemption period, tax exemption for capital imports, and a 25% corporate income tax. It also enjoys duty-free access to the U.S. market under the "African Growth and Opportunity Act".

 In addition to the mining industry, the country has also planned independent power generation projects such as hydropower and photovoltaics, and is promoting the expansion of the power grid, the upgrade of ports, and the construction of 100,000 housing units. Among them, the iconic African Hotel will be renovated using the PPP model. The "Bridge to Prosperity" U.S.-Liberia Trade and Investment Initiative launched in June 2023 aims to accelerate electrification, infrastructure modernization, and industrial diversification. Targert emphasized that Liberia, with its strategic location in West Africa and dual-currency system, is promoting the global cooperation transformation from aid to trade.