For Immediate Release: NIC and DEİK Sign Historic MoU to Establish Türkiye–Liberia Business Council

For Immediate Release: NIC and DEİK Sign Historic MoU to Establish Türkiye–Liberia Business Council

On Saturday, 6 September 2025, the National Investment Commission (NIC) of Liberia and the Foreign Economic Relations Board of Türkiye (DEİK) signed a historic Memorandum of Understanding (MoU) at the Liberia Chamber of Commerce (LCC) in Monrovia.
The agreement formally establishes the Türkiye–Liberia Business Council, a platform designed to strengthen trade and investment ties between Liberia and Türkiye, foster business-to-business collaboration, and open new pathways for joint ventures and partnerships across priority sectors.
The MoU was signed by Hon. Melvin Sheriff, Executive Director of the NIC, and Mr. Semih Fermanlı, President of the Türkiye–Liberia Business Council at DEİK.
The ceremony was witnessed by key government officials, development partners, and private sector leaders, including:
•    Hon. (Dr.) Ibrahim Nyei, Deputy Minister for International Cooperation and Economic Integration, Ministry of Foreign Affairs, representing the Minister of Foreign Affairs;
•    Madam Alari Mahdi, Senior Private Sector Development Specialist at the World Bank;
•    Representatives of the International Finance Corporation (IFC);
•    Hon. O. Natty B. Davis, President of the Liberia Chamber of Commerce;
•    Members of both Liberian and Turkish business communities.
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A Milestone in Liberia–Türkiye Relations
The Türkiye–Liberia Business Council is expected to serve as a platform for structured cooperation by:
•    Encouraging private sector partnerships in mining, energy, agriculture, infrastructure, finance, and emerging industries such as health and technology;
•    Promoting trade expansion and investment flows;
•    Facilitating technology and knowledge transfer between Liberian and Turkish businesses;
•    Supporting sustained B2B matchmaking and investor aftercare.
Speaking at the event, Hon. Melvin Sheriff emphasized:
“This agreement is more than symbolic. It is a concrete commitment to deepen Liberia–Türkiye economic relations, to expand opportunities for investment, and to create jobs and sustainable growth for our people.”
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Partnerships that Drive Growth
The signing of this MoU reflects Liberia’s growing appeal as a destination for investment under the Government’s ARREST Agenda for Inclusive Development (AAID). It also highlights the important role of partners — including the World Bank (through the LIFT Project), the IFC, and the Liberia Chamber of Commerce — in supporting reforms that strengthen Liberia’s business climate and unlock opportunities for the private sector.
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Looking Ahead
With the Türkiye–Liberia Business Council now established, the NIC will work closely with DEİK, relevant ministries, and Liberia’s business community to ensure that this framework translates into tangible results. The focus will be on building joint ventures, financing projects, creating jobs, and ensuring long-term sustainable economic growth.
The NIC reaffirms its commitment to facilitating and supporting investors as Liberia deepens its partnerships and positions itself within regional and global markets.