INVEST LIBERIA INVEST GROW AND SUCCEED London Forum
INVEST LIBERIA INVEST, GROW AND SUCCEED London Forum to Boost Investment in Liberia Thursday, December 5, 2019
LIBERIA IS OPEN AND READY FOR BUSINESS
TABLE OF CONTENTS 1. About Liberia 2. Development Agenda (PAPD) 3. Business Climate 4. 5. Why invest in Liberia 5. Sector Profiles 1. Agriculture 2. Hospitality 3. Mining 4. Infrastructure 5. Transport 6. Health 7. Energy 8. ICT 9. Special Economic Zone 10. Oil and Gas
ABOUT LIBERIA Located in West Africa, Liberia is Africa’s first independent nation, having gained independence in 1847 Population: 4. 6 Est. Total area: 111, 369 sq km; Land: 96, 320 sq km; Water 15, 049 sq km Maritime Claims: 200 nm Climate: tropical, hot and humid all year round, with a rainy season from May to October. Along the coast, the rainfall exceeds 118 inches per year
The Liberian Hospitality Liberia is naturally beautiful and scenic and boasts of rich and natural resources. Liberians are hospitable, resilient and fun-loving, known for their mouth-watering and delicious cuisine on the African continent.
1989 -2003 Dark Era Civil War Over 15 years political stability LIBERIA’S PROGRESS Three Successive Democratic Elections Democratic Transition of Power from a incumbent Political Party (Jan. 2018) WTO Accession - partial and full liberalization of sectors to attract foreign investors Legal framework in place for smooth business environment
NATIONAL INDICATORS Labor Force Estimated 1. 7 million Legal Tender Life expectancy Liberian $ and US$ 62. 0 63. 9 Business start up time
WE INTRODUCE……. . LIBERIA’S NATIONAL AGENDA THE PRO-POOR AGENDA FOR PROSPERITY AND DEVELOPMENT
POWER TO THE LIBERIAN PEOPLE Reducing developmental inequalities so that Liberians can prosper
SUSTAINING THE PEACE IN LIBERIA
ECONOMY AND JOBS
GOVERNANCE AND TRANSPARENCY
LIBERIA’S INVESTMENT CLIMATE
REASONS TO INVEST IN LIBERIA Ø Access to Regional Markets Ø Low Cost of Labor Ø Minimum Restriction on the Repatriation of Profits Ø Political Stability Ø Tax Regime Ø International Markets Ø Guarantee Against Unfair Expropriation Ø Prohibition against Discrimination Ø First Nation in Africa to Promote Deforestation Ø Large Untapped Natural Resource Base
BUSINESS INCENTIVES Ø$500 K TO US$9. 99 M IN THE PRIORITY SECTORS QUALIFY FOR INCENTIVE ØUS$ 50 K FORTHE HEALTH SECTOR ØUS$10 M AND ABOVE ARE INCENTIVIZED AND CONTRACT RATIFIED
AGRICULTURE VALUE CHAINS Rice Consumed 570 K (2017) Approx. US$ 235 M p. a. Opportunity for mechanized production Cassava Over 80 million mt consumed annually in ECOWAS. Liberia accounts for 520, 000 mt in 2017. Opportunity for value addition Rubber 90, 000 mt, potential expansion to 325, 000 mt. Over 200, 000 ha of arable land available. opportunities value addition Oil Palm Cocoa Opportunities for the production of oil palm products (e. g. soaps, cooking oil, etc. ) Yield = 200 kg/ha; Potential to increase to 1, 000 kg/ha. Opportunity for value addition
AGRICULTURE VALUE CHAINS Horticulture Producing about 312, 000 mt fruits & vegetables. Domestic market alone is worth US$103 million p. a. Imported 17, 300 mt Agro Processing Investment in feeds production, Opportunity in breeding of livestock Fisheries Agro-inputs; Agro-logistics; Storage; packaging, logistics, Opportunity for the production of fertilizers and agro-chemicals, etc. Consumed 570 K (2017) Approx. US$ 235 M p. a. Poultry & Animal Husbandry AGRICULTURE PRODUCTION – POTENTIAL TO SUPPLY REGIONAL MARKETS WITH A POPULATION OF OVER 350 MILLION PEOPLE
SOME MAJOR PLAYERS IN THE AGRICULTURE SECTOR
SAPO NATIONAL PARK 1, 804 km 2 Total Land
MINING SECTOR Gold, Diamond, Iron Ore, copper, Lead , Barite, Bauxite, Kyanite, Phosphate, Platinum, Manganese, Uranium, Chromite, Corundum, Nickle etc
ROAD CONNECTIVITY Ø LIBERIA HAS A TOTAL ROAD SYSTEM OF 10, 600 KM IN LENGTH; Ø OF THESE, ONLY 657 KM PAVED WHILE 9, 943 KM UNPAVED. ARE Ø THERE IS MAJOR DETERIORATION ON ALL HIGHWAYS DUE TO HEAVY RAINS, LACK OF MAINTENANCE, OVERLOADED TRUCKS AND A LONG RAINY SEASON WHICH LASTS 8 MONTHS, DURING WHICH MOST OF THE ROADS ARE INACCESSIBLE.
AIR & SEA PORTS IN LIBERIA 22 Lofa Gbarpolu G/Cape Mount Bomi Bong Nimba Grand Bassa Montserrado Grand Gedeh River Cess Margibi Sinoe River Gee Grand Kru Maryland 4 Sea Ports 1 domestic Port 1 Int’l Port NIC 2019 6 of 31 air scripts operational
AVIATION James Spriggs Airfield in the heart of the city with opportunity for PPP. Potential for domestic and regional flights. A reconstructed runway (runway overlay-6, 000 ft x 100 ft) 20 cm thick (further room for expansion to 9, 000 ft 23
SEA PORT DEVELOPMENT Ø EXPRESSION OF INTEREST FOR THE REHABILITAT ION OF THE PORT OF GREENVILLE (PPP OR JV OPRS) Ø DRY PORT IN CENTRAL LIBERIA Ø PORT OF BUCHANAN 24
HOUSING/ REAL ESTATE Ø LOW AND MIDDLE INCOME HOUSING COMPLEX/ APARTMENT COMPLEXES Ø WITH THE LARGE DIASPORA POPULATION AND AN EMERGING MIDDLE CLASS THE DEMAND FOR THESE HOUSING UNITS AND APARTMENT COMPLEXES IS INCREASING Ø USE OF TECHNOLOGY TO CONSTRUCT HIGH QUALITY AND AFFORDABLE HOUSING 25
TRANSPORTATION & LOGISTICS Ø PROVISION OF MASS TRANSPORT SERVICES Ø PUBLIC PARKING FACILITIES Ø CONSTRUCTION OF BUS STATIONS & BUS SERVICES Ø COMMERCIAL TRUCK TRANSPORTATION SERVICE IN HIGH DEMAND 26
HEALTH SECTOR Ø WELL-EQUIPPED LABORATORIES -FOR MRI, CT SCAN, DIAGNOSTIC, IMAGING AND SCANNING, AND ADVANCE TESTING ETC. Ø MOBILE LABS AND CLINICS Ø MANAGING, TRACKING INFORMATION Ø EFFECTIVE SUPPLY CHAIN MANAGEMENT Ø TRANSPORTATION – DELIVERY TRUCKS AND AIR TRANSPORT OF MEDICAL SUPPLIES AND PATIENTS. Ø THRESHOLD FOR INVESTMENT INCENTIVE IN THE HEALTH SECTOR IS US$50, 000 REQUIRED
ENERGY SECTOR Ø CURRENTLY PRODUCING ABOUT 130 MW OF POWER AND THE DEMAND IS AROUND 1, 000 MW GAP- 870 MW Ø TRANSMISSION, DISTRIBUTION & OFF GRID POWER GENERATION Ø POTENTIAL FOR RENEWABLE ENERGY ØA REGIONAL POWER SHARING SCHEME, CLSG (ACRONYM FOR COTE D’IVOIRE, LIBERIA, SIERRA LEONE & GUINEA) IS BEING DEPLOYED TO THE PRODUCE AND DISTRIBUTE AMONGST THE THREE PARTIES. POWER
Information Technology ü 60% of population inclined to use ICT services ü National Backbone: $67 m ü Digital Migration Platform: $48 m ü National Postal Addressing System: $13. 7 m ü Data Centres and Internet Services Providers
31 • SEZ Law passed in 2017 • Free Zone Pilot project: 60 acres of land; soliciting developer • Buchanan SEZ: 500 acres reserved for the development of an SEZ; 60, 000 ton Buchanan Port • Monrovia Industrial Park • INVESTMENT OPPORTUNITY FOR DEVELOPERS SPECIAL ECONOMIC ZONES (SEZ)
OIL AND GAS SECTOR MAP OF OFFSHORE BLOCKS Ø MOST OIL BLOCKS INLIBERIA WILL BE TENDERED BY EARLY 2019 Ø POTENTIAL FOR THE PRODUCTION AND DISTRIBUTION OF LNG Ø THE NATIONAL OIL COMPANY OF LIBERIA SEEKS EXPRESSION OF INTEREST FOR THE WELL DATA MANAGEMENT SERVICE
PLAYERS OF THE OIL AND GAS SECTOR UPSTREAM DOWN STREAM
- Slides: 34
