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Discovery of new minerals: Liberia hopes to attract 3 billion dollars in investments

30/01/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Liberian President Joseph Boakai said in his state of the nation speech that Liberia hopes to attract $3 billion in investments following the discovery of new minerals, including uranium, lithium, cobalt, manganese, and neodymium, following the discovery of new minerals, including uranium, lithium, cobalt, manganese, and neodymium.

The government expects economic growth to accelerate from 5.1% in 2024 to 5.8% in 2025, thanks to investments. Indeed, talks are ongoing with multinationals and local investors to develop the mining sector and related industries, including energy, infrastructure, and technology.

Obtaining $3 billion in investments could boost infrastructure, job creation, and government revenue. Inflation, which is expected to peak at 12.3% in March, is expected to fall back to 6% by the end of 2025. The World Bank projects that faster growth could lower Liberia's poverty rate from 31% in 2023 to 27.8% in

2024.
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