Monrovia, Liberia (August 4, 2026) – The Liberia Special Economic Zones Authority (LSEZA) and the Liberia National Tourism Authority (LNTA) have signed a Memorandum of Understanding (MOU) to jointly develop Liberia’s first Special Tourism Economic Zone (STEZ) at Lake Piso, in Grand Cape Mount County.
The MOU establishes a framework for collaboration between the two institutions to promote sustainable tourism investment, economic growth, environmental conservation, and community development through a dedicated eco-tourism Special Economic Zone.
The MOU aligns with the Government of Liberia’s ARREST Agenda for Inclusive Development (AAID) by promoting private sector investment, creating employment opportunities, empowering local communities, and encouraging environmental sustainability.
Speaking at the signing ceremony, LSEZA Executive Chairman, Prince A. Wreh, described the partnership as a significant step toward expanding Liberia’s Special Economic Zone program, especially in the tourism sector.
He noted that the initiative will attract investment, create jobs, strengthen local businesses, and position Lake Piso, in Grand Cape Mount County, as a premier eco-tourism destination in West Africa and beyond.
Under the MOU, LSEZA will lead with the designation and administration of the Special Tourism Economic Zone. The Authority will also oversee investment incentives, coordinate infrastructure development, and provide a one-stop-shop platform to facilitate investors.
The Liberia National Tourism Auhtority, led by Director General Princess Eva Cooper, will oversee and regulate tourism standards, promote the destination internationally, and strengthen the capacity of tourism and hospitality operators within the zone.
The proposed Special Tourism Economic Zone is expected to diversify Liberia’s economy by expanding the country’s Special Economic Zone program beyond industrial and trade activities into high-value tourism services.
The signing of the MOU marks the beginning of closer collaboration between LSEZA and LNTA as both institutions work to unlock the tourism and investment potential of Lake Piso and position Liberia as a competitive destination for eco-tourism investment.