Monrovia, Oct. 1 -- The Liberia Special Economic Zones Authority (LSEZA) and the Liberia Revenue Authority (LRA) have signed a Memorandum of Understanding with the aim of positioning Liberia as a destination for investment and trade.

The MOU establishes a criteria for performance-based tax incentives, which will be tied to measurable outcomes such as job creation, infrastructure development, investment in green energy and technologies, and export volume. It also allows LSEZA and the LRA to jointly monitor and evaluate the performance metrics of all potential SEZs over a prescribed period.

Making remarks at the signing ceremony, LSEZA Executive Chairman (EC), Prince Wreh, termed the signing as a monumental milestone that puts the Special...