Monrovia — A visiting delegation of United States investors has met with President Joseph Nyuma Boakai and pledged to invest more than US$900 million in key sectors of Liberia’s economy.
By J.H. Webster Clayeh, websterclayeh@frontpageafricaonline.com)
The delegation is in Liberia on a one-week business development and medical mission from January 11–17, 2026. The visit follows the Business Conference for Liberia held on July 9, 2025, in Philadelphia, organized under the auspices of Liberia’s Trade and Investment Office (TIO), headed by Ambassador Gurly Gibson Schwarz.
High-Level Engagements
The delegation includes David M. Webster, Chief Executive Officer of Webster Marketing International, LLC; Dr. MaryAnn Woods-Osifo, co-founder of Dr. O Wellness & Lifestyle; Dr. Nyaquoi Kargbo of Blue Stone Investment Group; and other business and healthcare professionals.
During their stay, the investors held meetings with Vice President Jeremiah Koung, House Speaker Richard Koon, and officials of several government institutions, including the Liberia Water and Sewer Corporation, Liberia Land Authority, Ministry of Education, Ministry of Foreign Affairs, National Investment Commission, Monrovia City Corporation, Ministry of Mines and Energy, Rural Renewable Energy Agency, Forestry Development Authority, Ministry of Agriculture, Ministry of State, National Fisheries and Aquaculture Authority (NaFAA), and the National Housing Authority.
The mission concluded at the Samuel Kanyon Doe (SKD) Sports Complex, where the delegation attended a cultural performance at Kadi’s Bar.
President Boakai Reaffirms Investment Readiness
Meeting with the delegation, President Boakai described Liberia as a prime destination for investment and trade, reaffirming his administration’s commitment to private-sector growth.
“Liberia is open and ready for business and investment. There is no time to waste—now is the time to invest. Our ARREST Agenda prioritizes agriculture, and we want to empower our youth and create jobs,” President Boakai said.
US$900 Million Investment Outlook
Ambassador Gurly Gibson Schwarz said the U.S. team aims to identify ownership interests and deploy capital to expand private-sector participation under President Boakai’s ARREST Agenda—Liberia’s national development roadmap for 2025–2029—which focuses on Agriculture, Roads, Rule of Law, Education, Sanitation, and Tourism.
“The trade and medical mission is considering investments estimated at over US$900 million, including agriculture, mining, forestry—particularly furniture manufacturing for value-added exports—aircraft services and repairs, fisheries, and light manufacturing,” Ambassador Schwarz told FrontPage Africa.
She added that other sectors under consideration include technology, infrastructure, critical minerals and renewable energy, real estate, security, ports and maritime services, logistics, and transportation.
Investors Signal Strong Commitment
Speaking during a meeting with Vice President Koung, David M. Webster expressed his firm’s readiness to implement major projects in Liberia.
“We have the capacity to build tractors for agriculture. We are involved in bioenergy, medical devices, housing projects, and more. Liberia needs development across the board, and we truly believe in the opportunities here,” Webster said.
He also encouraged public-private partnerships to address urban sanitation and youth unemployment.
“Investing in waste management while engaging young people can help keep our cities clean and create jobs,” he added.
Focus on Healthcare, Agriculture, and Energy
Dr. Nyaquoi Kargbo, a Liberian physician and malaria behavioral change specialist, disclosed plans to invest in mining, energy, and agriculture, while emphasizing the enforcement of local content laws.
“We want to add value to agriculture, expand energy access, and ensure our investments directly benefit Liberians,” Dr. Kargbo said.
Similarly, Dr. MaryAnn Woods-Osifo announced plans to invest in healthcare and forestry, including establishing a sawmill to be fully operated by Liberians, along with maternal health initiatives.
“Our goal is to build value chains that create opportunities and empower Liberians,” she said.
Government Welcomes Proposed Investments
Vice President Jeremiah Koung welcomed the proposed investments and emphasized the government’s commitment to protecting Liberian participation in key sectors.
“Liberia needs investments in agriculture, sand and rock mining, and wood processing. We are protecting Liberians through tariffs and incentives to ensure they benefit from these sectors,” VP Koung said.
He noted that small Liberian-owned businesses should take the lead in areas such as rock crushing, while foreign investors focus on large-scale projects.
House Speaker Richard Koon praised the visiting delegation and reaffirmed the Legislature’s support for investor-friendly policies.
“If we can feed ourselves and add value to our resources, we create jobs and reduce poverty. We are passing laws to protect investors while promoting local growth,” Speaker Koon said.
The post Liberia: Visiting U.S. Investors Meet President Boakai, Promises to Invest Over US$900 Million in Liberia’s Key Sector appeared first on FrontPageAfrica.
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