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Agricultural sector development: $3 million granted to Liberia SAPZ

20/10/2022
Categories: Companies

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As part of the Liberia Agricultural Sector Investment Plan (LASIP II) 2017 to 2025, the Liberia Special Agro Industrial Processing Zone Project (Liberia SAPZ) benefited from additional funding of $3 million from the African Development Bank (ADB).

Located in Buchanan, Grand Bassa County, the Liberia SAPZ project will be deployed over five years (2022-2026) and implemented by the Lib& National Investment Commission Exact; ria. This project aims to create jobs and stimulate exports, create an Agri Hub, and attract private sector investments in agribusiness to promote industrial transformation. The additional funding of $3 million complements the initial amount granted in October 2021 of $15.2 million in the form of loans and grants, also from the ADB, through the African Development Fund (ADF).

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