Nicosia, Cyprus — Liberia has stepped up efforts to draw European private-sector funding as Ambassador Extraordinary and Plenipotentiary Dr. Teeko T. Yorlay met with senior management of the Cyprus Chamber of Commerce and Trade (CCCI) in Nicosia to advance commerce and funding cooperation between the 2 international locations.
Ambassador Yorlay, Liberia’s envoy to France and concurrently accredited to Cyprus and a number of other European states, held talks with CCCI Secretary Common Philokypros Roussounides, specializing in increasing bilateral financial relations by way of stronger private-sector engagement.
In the course of the assembly, Ambassador Yorlay highlighted Liberia’s ongoing financial reforms and investor-friendly insurance policies, pointing to key sectors with excessive funding potential, together with agriculture, mining, vitality, fisheries, well being companies, and infrastructure growth. He underscored Liberia’s dedication to transparency and predictability, urging Cypriot firms to contemplate the nation as a strategic gateway to the West African market.
“The Authorities of Liberia is dedicated to fostering a aggressive and welcoming funding local weather,” Ambassador Yorlay stated. “Liberia affords not solely alternative however real partnership. We invite Cypriot enterprises to discover sustainable and mutually useful investments in West Africa.”
Mr. Roussounides welcomed the initiative and expressed the CCCI’s curiosity in figuring out viable alternatives for Cypriot companies in Liberia. He raised issues associated to banking companies, capital mobility, and monetary operations for firms in search of to determine operations in Liberia, noting Cyprus’s rising funding footprint throughout a number of African economies.
He additional really helpful direct engagement between the Liberia Chamber of Commerce and the CCCI to translate diplomatic discussions into concrete enterprise partnerships.
Ambassador Yorlay reaffirmed the Liberian authorities’s dedication—underneath President Joseph Nyuma Boakai—to strengthening relations with Cyprus by way of financial diplomacy. He emphasised that bettering the enterprise surroundings stays central to Liberia’s growth agenda and inspired Cypriot, European, and worldwide traders to accomplice in job creation and financial progress.
As a part of subsequent steps, the Ambassador proposed negotiating a Memorandum of Understanding (MoU) between the Liberia Chamber of Commerce and the CCCI to formalize cooperation, promote private-sector partnerships, and increase business exchanges. He additionally prompt organizing a Liberia–Cyprus Enterprise Discussion board and facilitating reciprocal enterprise delegations, with the potential of extending participation to the broader Mano River Union area.
Funding alternatives in vitality, prescribed drugs, and business agriculture had been additionally highlighted in the course of the discussions.
The assembly was attended by Ms. Lily Michaelides, Head of Worldwide Relations and Financial Diplomacy on the CCCI, and Mr. Aaron T. Guanue, First Secretary and Consul on the Embassy of Liberia in Paris, who oversees Cyprus affairs.
Either side agreed to strengthen institutional collaboration and keep direct contact between their respective chambers of commerce, with a draft cooperation settlement anticipated within the coming weeks.
