Liberia’s rubber sub-sector holds investment potentialFollow @MadeItInAfrica
Liberia’s National Investment Commission (NIC) is inviting foreign and local investors to invest in the country’s rubber sub-sector.
Rubber is Liberia’s second most exported foreign exchange earning cash crop. Processing takes place only to the extent needed for exporting. Rubber is cultivated both by large foreign companies and Liberian small holders with foreigners controlling about half of the areas under rubber cultivation.
There is scope for investing in secondary processing activities within the rubber sub-sector. With Liberia’s vast rubber resources, the following areas have been identified as feasible areas for productive investment:
- All types of tires and tubes
- Inflatable rubber products
- Automotive and other molded rubber parts
- Medical and surgical rubber products
- Rubber-made sporting goods
Agriculture sector overview
Agriculture contributes to over 70% of Liberia’s gross domestic product and the sector offers numerous opportunities for investment. Rice is one of the principal cash crops as well as staple foods. Other crops that are cultivated include, rubber, cocoa, coffee, oil palm, sugar cane, cassava, and to a lesser extent, a variety of fruits and vegetables.
There is great potential for diversification efforts aimed at developing additional exports in the agricultural and agro-industrial sector of the economy.
For more information on investing in Liberia’s rubber industry, contact the NIC at:
National Investment Commission (NIC)
Mailbag 9043 – 12th Street Sinkor
Monrovia – Liberia
(231) 77-333-222/ 78-73001