Beijing, May 8 -- 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...