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INFRASTRUCTURE

The Government, in partnership with the development community, is making strides in addressing the infrastructure and institutional challenges

 

Liberia suffered badly from its 14 years of conflict, and the nation’s stock of infrastructure remains inadequate and poorly maintained. There are, however, a number of opportunities to reverse this trend. Related infrastructure investment priorities like roads, port, energy, sanitation and ICT offer great investment potentials that can best bring Liberia out of its relative isolation. These will enable Liberia to play a larger role on an agricultural trading stage within the Mano River Union, on a regional stage within the ECOWAS energy, communications
and transit trade markets, and on a globally competitive stage as an attractive investment destination for manufacturing, mining and agro-industry.


The African Development Bank views poor infrastructure as a critical barrier to reducing poverty and accelerating
growth. Liberia’s new poverty reduction strategy, the Agenda for Transformation, recognizes that economic growth
and development cannot be achieved without adequate infrastructure. At the same time, key insights from the nation’s history indicate that the social and economic benefits of growth must be inclusive, and an enclave orientation must be minimized to avoid growth without development. Infrastructure investment must therefore be planned to support key growth corridors that connect urban centers with the rural milieu and foster conditions
for economic advancement by smallholders and the domestic private sector, as well as foreign direct investors. Infrastructure services must strive to improve quality, availability and affordability to citizens throughout the country.


The government of Liberia is looking to partner with interested investors in overhauling the country’s ailing infrastructural. While significant donor funding from the World Bank (WB), European Union (EU), Swedish International Development Agency (SIDA), USAID and other major donors have resulted in works being carried out on major roads leading to key investment areas, more is needed to sustain recovery and acceleration of development progress in Liberia. Opportunities in Infrastructure
• Roads
• Energy and Generation of Transmission
• Transport Services
• Sea Ports
• ICT
• Education
• Health
• Tourism and Hospitality
• Forestry
• Manufacturing
• Mining
• Agriculture/Aquaculture

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Why Invest in ICT in Liberia?
Liberia’s Information and Communication Technology Sector offers extensive opportunities for investment in both the public and private sectors, especially in the areas of finance and banking, health and education, agriculture, transport and security, and is considered the bedrock for national growth and economic progression. With the availability of a comprehensive National ICT policy that seeks to accelerate economic development and global competitiveness, the Government of Liberia has prioritized the integration of telecommunications and ICT services into overall developmental objectives, priorities and programs to the extent that it can improve the wellbeing of its citizens. This makes the sector one of the priority areas for investment.

Market Opportunities
There are a number of firms operating in this sector. However, the demand and market space to accommodate more fi rmscannot be overemphasized. At the end of 2015, the estimated market penetration was stated at Mobile-78%, Internet-0.5%, fi xed-0.3% (Source: BuddeComm based on various sources) thus making the sector potential for investment.


• According to the International Telecommunication Union in 2012, the percentage of individuals using the internet in Liberia was 3.79%, while the number of mobile-cellular subscriptions stood at approximately 2.4 million.


• The presence of the ACE optical fi ber cable provides a more convenient, reliable, and effi cient high speed internet and ICT platform, purposely to stimulate growth and development
through e-business and e-government.

Apartments and homes are available for rent in Liberia. The price, size and style will vary according to the county and city of residence. When considering a place of residence in Liberia, one should consider signing a comprehensive lease agreement, security and electricity.

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The Government is improving the efficiency of trade logistics systems and services through:


• A planned central facility at the Freeport of Monrovia, the country’s main port to provide a single location for the clearance of cargo.


• A preliminary risk-based inspections regime to reduce physical inspections


• ASYCUDA World, an automated customs clearance/data system It only takes 15 days to complete export procedures, compared to 30 days on average in Sub-Saharan Africa. It only costs US$1,300 per container, compared to US$2,200 in Sub-Saharan Africa.

Equipment and machinery, specialized vehicles, raw materials, capital spare parts, and other specialized capital goods to be used in the project are exempted from import duty up to 100 percent of their dutiable value and from goods and services tax (GST).

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The Gulf of Guinea, stretching from Liberia to Gabon, is a known depository of oil reserves. Ghana is the latest country to announce a significant off-shore oil discovery.

Liberia is positioned to play a key role in the production of offshore oil for the local and world economies. Tapping into oil wells is no easy task and sometimes requires years of drilling. The advent of oil and gas would naturally mean down streaming needs, for which investment would be needed.

Opportunities in relation to the oil sector are expansive, ranging from financial services, to shipping, housing and office space, as well as an array of secondary support services. International investment into this area should expand beyond the oil exploration and extraction itself — it should also incorporate many facets of the Liberian economy.

The government of Liberia is keen on reversing recent unhealthy trends within this crucial sector by assigning trained professionals to oversee it. Because this is a new, emerging sector, investment is needed in every aspect as Liberia continues to unearth its offshore potential.

Housing

Logistics

Information and Communication Technologies (ICT)

Oil & Gas 

Port Management 

No information available