Beijing – Liberia has taken a major step toward expanding foreign investment and accelerating economic development after the National Investment Commission (NIC) signed a landmark Memorandum of Agreement (MoA) with Chinese investment giant Beijing West Asia and North Africa Investment Co., Ltd. (BWANA).
The agreement, signed on May 5, 2026, in Beijing, outlines a strategic partnership under which BWANA intends to invest between US$500 million and US$3 billion in Liberia over the next five years.
The proposed investment will focus on several priority sectors considered critical to Liberia’s long-term economic transformation, including infrastructure, energy, agriculture, and natural resources.
Under the agreement, BWANA plans to support the expansion of transportation systems, logistics networks, ports, and urban road connectivity. The company also intends to invest in renewable energy generation and power distribution infrastructure to help address Liberia’s energy challenges.
In the agriculture sector, the partnership aims to promote mechanized farming and value-added processing, while the natural resources component will target the exploration and development of oil, gas, and mineral resources.
The Memorandum of Agreement was signed by Jeff Blibo on behalf of the Government of Liberia and Chuanyong Zhang representing BWANA.
As part of the arrangement, BWANA will lead feasibility studies and mobilize international financial and technical expertise to support proposed projects. The National Investment Commission will serve as the government’s lead facilitator, coordinating with relevant public institutions and providing regulatory support.
The agreement also grants BWANA a right of first refusal on projects it independently identifies and finances through the preliminary feasibility stage.
Both parties emphasized that all projects arising from the agreement will comply fully with the legal and regulatory frameworks of both Liberia and China.
Officials described the deal as a potentially transformative partnership that could unlock billions in investment, create jobs, modernize infrastructure, and stimulate broad-based economic growth across Liberia.
Support Independent Journalism
Your support helps FrontPage Africa continue delivering independent, credible, and impactful journalism. Every contribution strengthens our ability to investigate, inform, and hold power accountable while keeping quality journalism accessible to our readers.
Support our journalism or subscribe to receive the latest FrontPage Africa stories and updates.
