LSEZA Signs US$32M Developer Licensing Agreement

The Liberia Special Economic Zones Authority (LSEZA) has signed a 25-year Developer/Operator Licensing Agreement with Softcare Liberia Limited.

The ceremony has officially designated the company as a Special Economic Zone (SEZ) developer, and operator within the Monrovia Free Zone.

Under the US$32 agreement, Softcare Liberia Limited will develop, manage, and maintain a designated Special Economic Zone dedicated to the manufacturing of hygiene, and household consumer products. The investment is expected to provide 150 plus direct jobs, and over 200 indirect jobs.  It is also expected to boost local production while positioning the country as a manufacturing, and export hub serving both domestic, and international markets.

Softcare Liberia Limited, is one of Africa’s leading manufacturers of hygiene, and household consumer products.

During the signing ceremony, LSEZA Executive Chairman, Prince Wreh, described the agreement as a reflection of government’s commitment to promote industrial development, create employment opportunities, and accelerate economic transformation.

“The signing of this agreement reflects government’s vision to promote industrial development, create jobs, and support economic growth.”

Wreh said, the agreement directly supports Pillar One of the government’s ARREST Agenda for Inclusive Development by promoting economic growth, job creation, and economic diversification through increased private sector investment.

Bai Guangxue, who represented Softcare Liberia Limited, recommitted the company to long-term investment to include innovation, sustainable growth, and the expansion of manufacturing operations.  Guangxue disclosed how the Softcare will manufacture, and distribute its products on the market while exporting a range of products, which wi include baby diapers, baby wipes, sanitary pads, and other hygiene products across Africa.

He said the investment demonstrates the company’s confidence in Liberia as a strategic location for regional manufacturing and trade.

National Investment Commission (NIC) Chairperson Molley Kamara, recommitted the Commission to work closely with LSEZA to attract strategic investments that would create jobs, stimulate economic growth, and contribute to national prosperity.

The agreement represents another milestone in the efforts to expand its manufacturing base, promote value addition, and position the country as a preferred destination for investment under the Special Economic Zones.