Concessions in Liberia

It is expected that as Liberia continues to grow, large investmentswill continue to increase, particularly in natural resources and cash crops. Investments in the service sector are also expected to increase considerably.  The Liberia National Investment Commission (LNIC) along with other partners in government works to ensure that while unlocking Liberia’s natural resources, the country’s national interest is safeguarded, jobs are created, and access to capital, new technologies, markets, and world-class training and business development opportunities are accelerated.

Contracts negotiated by the Inter-Ministerial Concessions Committee (IMCC) since 2006 have led to an increase in Foreign Direct Investment (FDI) inflow. All key steps in the concession award procurement process are guided by the IMCC, which is chaired by the Chairman of the LNIC and includes permanent committee members from the Ministries of State, Finance, Justice, and Planning and Economic Affairs.

Relevant institutions of Government such as the LNIC, Bureau of Concessions, and Environmental Protection Agency are tracking these investments to ensure their full compliance with existing investment, environmental, tax and labor Laws of Liberia.