President Joseph Nyuma Boakai, Sr. has signed Executive Order No. 158 to establish the Liberia Corporation for Strategic Investment (LCSI), a new initiative intended to implement the Government’s Strategic Partnership Agreement with Afriland First Holding.
The LCSI is set up as a joint venture to advance national development projects. The government will own 80 percent of the corporation, with 60 percent of its equity distributed equally among Liberia’s fifteen counties and 20 percent retained by the central government. Afriland First Holding will hold the remaining 20 percent, with at least half of that share available for public and industry participation, including commercial banks, insurance companies, government entities, and other qualified institutions.
According to the Executive Order, “The LCSI’s mandate is anchored on the following key national priorities: Mobilizing domestic and international financial and technical resources for strategic development projects; Establishing rural micro-structures as engines of local economic growth and employment; Promoting agricultural self-reliance, particularly rice production and national food security; Facilitating the construction and renovation of military barracks and other critical public infrastructure; Conducting feasibility studies, policy research, and advancing digital transformation initiatives; and Coordinating and supporting the implementation of strategic national programs consistent with Liberia’s development agenda.”
Oversight for LCSI will be provided by the Office of the Minister of State without Portfolio. A Board of Directors comprising representatives from both the Government of Liberia and Afriland First Holding will guide governance decisions. The order states that this structure is designed to ensure transparency, accountability, and compliance with national laws.
The order grants LCSI certain rights under its partnership agreement—including exemptions from some taxes—and extends diplomatic privileges to its senior personnel in support of international cooperation efforts.
“The Minister of State without Portfolio has been directed to coordinate the immediate establishment and operationalization of the LCSI, initiate pilot projects in rural development, agriculture, and infrastructure rehabilitation within twelve (12) months, collaborate with relevant ministries to complete all legal and administrative requirements for legislative ratification and institutionalization, and submit quarterly progress reports to the Office of the President,” according to details released by authorities.
Executive Order No. 158 is issued pursuant to Article 50 of Liberia’s Constitution. It remains in effect for one year while legislative ratification is pursued to make LCSI a permanent statutory entity. Its expiration will not affect ongoing operations once it is fully established.
This announcement was made at the Executive Mansion in Monrovia on February 13th, 2026. The Executive Mansion serves as both residence and workplace for Liberia’s president in Monrovia [source]. It also functions as part of Liberia’s executive branch [source] while promoting governance transparency through official communications about presidential actions [source].