Despite the past challenges of the war-torn country, the impact of the global crisis and the loss of development gains by the resurfacing of Ebola, President Ellen Johnson Sirleaf describes Liberia as a well-endowed country with business opportunities.
Africa is becoming an increasingly attractive hub for foreign investors, resulting in a positive environment for the agribusiness. Agribusiness CEOs are very positive towards the possibility of expansion into African countries outside their own, with 72.7% indicating that they would pursue such opportunities, according to a survey by PwC.
A new sectoral determination for farm workers, including a new minimum wage, can only be implemented in April next year, labour minister Mildred Oliphant said this afternoon. This, coupled with increased mechanisation on farms is likely to create continued tension between employers and their employees in the coming months.