[Monrovia, Liberia – August 13, 2025] – The Mainland Group, a leading Chinese firm with extensive investments across Africa, has announced a significant USD 100 million initiative to revitalize Liberia’s agriculture industry. This statement was delivered by Mr. Zhu Chen, President and CEO of the firm, during a live press conference held at the Ministry of Agriculture.

The investment will focus on six strategic areas: cassava processing for starch, rice processing facilities, cocoa processing to add value to locally grown beans, coffee processing, a sugar refinery with sugarcane plantation development, and warehouse/logistics infrastructure near port areas.

Mr. Zhu plans to open a rice processing plant at a 1,000-hectare site in Fuamah, Bong County, by September or October 2025, to help farmers access markets. A cassava processing facility is also planned. Cocoa processing will start in February or March next year, adding value to a crop currently exported raw. Coffee processing will run alongside cocoa, and sugar production aims to reduce Liberia’s imports, with plantations supplying the refinery in two years.

“All of these projects will increase farmers’ income by 20 to 30%. Our target is to engage more than 150,000 ordinary farmers in the next five years. Additionally, we will expand the industry and plantations year by year, growing our own plantations and those of the communities,” said Mr. Zhu. 

The detailed investment breakdown includes:

Rice – Asset: USD 2M; Working Capital: USD 10M

Cassava – Asset: USD 2M; Working Capital: USD 10M

Cocoa – Asset: USD 5–7M; Working Capital: USD 50M

Coffee – Asset: USD 2M; Working Capital: USD 8M

Sugar Refinery – Asset: USD 8–10M; Working Capital: USD 15–20M

Warehousing & Logistics – Asset: USD 7M; Working Capital: USD 3M

This amounts to USD 26 to 28 million in assets and USD 60 to 70 million in working capital, leading to a total investment of USD 100 million.

 Minister J. Alexander Nuetah welcomed the announcement, calling it a major boost for Liberia’s food security and rural incomes.

“The vision is to scale up production so our farmers can earn better incomes and improve their livelihoods. This investment will help address offtaking, one of our biggest challenges,” Minister Nuetah said. “The Mainland Group’s investment will create market access for farmers, especially in rice production, which remains a national priority”.