President Joseph Nyuma Boakai of Liberia met with Italian business leaders in Rome to discuss investment opportunities in Liberia. The meeting, organized by the Liberian Embassy, involved representatives from Confimea Mediterraneo, an association of over 250 enterprises across various sectors such as health, agriculture, and logistics.
Confimea Mediterraneo is involved in the Mattei Plan for Africa, an initiative by the Italian Government aimed at strengthening economic partnerships with African countries. President Boakai described Liberia as a “virgin nation” with significant untapped investment potential and assured investors of a favorable business environment.
“Doing business in Liberia offers tremendous opportunities, especially in terms of profitability,” President Boakai stated. He highlighted Liberia’s strategic location within West Africa and its benefits for transshipment under the Mano River Union trade protocols.
Italian business leaders showed interest in sectors including oil and gas, tourism, agriculture, and infrastructure development. Ministers Jerelimek Piah and Alexander Neutah were present to provide further insights into these areas.
President Boakai encouraged investments in road networks, banking, and the restaurant industry while discussing plans for a coastal highway. He also emphasized the need to expand seaports in Monrovia, Harper, Buchanan, and Greenville.
He concluded by highlighting Liberia’s democratic stability through four successive free elections. Marco Bourelly of Confimea Mediterraneo expressed interest in strengthening ties with Liberia and organizing a trade delegation soon.
