By:Akoi M. Baysah, Jr.
The Liberia Special Economic Zones Authority (LSEZA) has signed a 25-year Developer/Operator Licensing Agreement worth US$32 million with Softcare Liberia Limited expected to strengthen the country’s manufacturing sector, create hundreds of jobs, and boost Liberia’s position as a regional export hub.
The agreement officially designates Softcare Liberia Limited as a Special Economic Zone (SEZ) developer and operator within the Monrovia Free Zone. Under the deal, the company will develop, operate, and maintain a manufacturing facility dedicated to producing hygiene and household consumer products.
The investment is expected to generate more than 150 direct jobs and over 200 indirect employment opportunities, while increasing local production and reducing dependence on imported hygiene products.Speaking during the signing ceremony, LSEZA Executive Chairman Prince Wreh said the agreement demonstrates the government’s commitment to industrialization and private sector-led economic growth.
“The signing of this agreement reflects the Government’s vision of promoting industrial development, creating jobs, and supporting Liberia’s economic growth under the Administration of President Joseph Nyuma Boakai,” Wreh said.
He noted that the investment aligns with Pillar One of the ARREST Agenda for Inclusive Development, which focuses on promoting economic growth, employment, and diversification through increased private sector investment.
Softcare Liberia Limited, one of Africa’s leading manufacturers of hygiene and household consumer products, said the investment reflects its confidence in Liberia’s growing investment climate.
Representing the company, Bai Guangxue reaffirmed Softcare’s commitment to long-term investment, innovation, and sustainable growth in Liberia.
He disclosed that the company will manufacture products for both the Liberian market and export across Africa, including baby diapers, baby wipes, sanitary pads, and other hygiene products.
According to Guangxue, the investment positions Liberia as a strategic manufacturing base capable of serving both domestic and regional markets.
Also addressing the ceremony, National Investment Commission (NIC) Chairperson Molley Kamara reaffirmed the Commission’s commitment to working closely with LSEZA to attract strategic investments that create jobs, stimulate economic growth, and contribute to national prosperity.
The agreement marks another milestone in Liberia’s efforts to expand its industrial base, promote value addition, and position the country as a preferred destination for investment under the country’s Special Economic Zones framework.
