President Joseph Nyuma Boakai, Sr. has approved the constitution of the Board of Directors of the Liberia Corporation for Strategic Investment (LCSI), in a move aimed at strengthening investment governance, enhancing transparency, and improving the institution’s operational effectiveness as a national development vehicle.
According to an Executive Mansion release, the appointments were made in line with Executive Order No. 158 and the by-laws governing the LCSI and take immediate effect. The Board is expected to provide strategic oversight and policy direction for the corporation’s operations.
The President named the Minister of State without Portfolio, Mamaka Bility, as Chairperson of the Board, representing the Ministry of State for Presidential Affairs.
Statutory membership of the Board includes key government institutions such as the Ministry of Finance and Development Planning, headed by Minister Augustine Kpehe Ngafuan, the Ministry of Justice, headed by Attorney General Cllr. N. Oswald Tweh, and the Chairman of the National Investment Commission.
The Board also includes regional and private sector representatives. These include Dr. Henrique F. Tokpa, Mr. Isaac Dapaye, and Mr. Elvis Garmoigar Morris, who represents regional interests. The private sector is represented by Ambassador Charles Minor on behalf of Afriland First Holding SA, while the company is expected to nominate an additional representative.
The appointments, according to the Executive Mansion, reflect the government’s commitment to strengthening investment governance and ensuring accountability in the management of strategic national assets and investments.
President Boakai has also instructed Minister Bility, in her capacity as Board Chairperson, to convene the inaugural meeting of the Board at the earliest possible time to commence its statutory responsibilities. These include governance oversight and the approval of initial capital mobilization frameworks.
The President emphasized the importance of the Board, noting that its establishment marks a significant step in advancing the government’s broader economic development agenda and positioning the LCSI as a key institution for attracting and managing strategic investments in Liberia.
