Monrovia, Liberia – The CEO of Abundance Community Coin (TACC), Steve Williams, has announced ambitious plans to position Liberia as a leader in blockchain technology and renewable energy in the country. Williams in his deliberation outlined proposals to establish in Maryland County as a technological innovation hub and launch a multi-billion-dollar solar energy project to transform the country’s economic landscape.
Williams, an Antiguan national who arrived in Liberia in 2020, revealed that he initially pitched his blockchain initiative to then-Vice President Joseph Boakai, who endorsed the idea. Now serving as Liberia’s President, Boakai continues to support the plan to designate Maryland County as a technological-free zone for advancements in automation, robotics, artificial intelligence (AI), blockchain, and cryptocurrency.
Acknowledging concerns over cryptocurrency regulations, Williams assured that he is working with Liberia’s legislature to implement proper safeguards. “The cryptocurrency space is vulnerable to scams, and we must ensure that Liberia embraces legitimate blockchain innovations while avoiding fraudulent schemes,” he said.
Beyond blockchain, Williams is spearheading a 1,000-megawatt solar energy project in collaboration with Supernova, a U.S.-based company, and M3 Plus. The project, valued at up to $5 billion, has already secured four pre-approved locations and aims to make Liberia a key energy exporter to neighboring countries, including Sierra Leone, Guinea, Ivory Coast, Ghana, and Nigeria.
Williams revealed that he met with President Boakai in September to discuss the initiative, which requires no upfront funding from the Liberian government, as Supernova has pre-financed the project through a joint venture.
“This project will create 10,000 high-paying jobs and provide 24/7 reliable electricity, making Liberia globally competitive, attracting new industries, and reducing the cost of living,” he stated. He also highlighted ongoing discussions with National Investment Chairman Jeff Blebo and Infrastructure Advisor Joe Mulbah to advance the initiative.
Despite his commitment to investing in Liberia, Williams raised concerns over land disputes, which he says threaten foreign investment. He disclosed that he has invested nearly $1 million in his business, Higher Heights Group of Companies, which employs over 50 Liberians. However, ongoing legal battles over land ownership have led to an eviction notice and a case currently pending before the Supreme Court.
“I legally acquired the land with a valid title, verified in the national archives, yet some individuals are now making counterclaims,” he lamented. Williams warned that such legal uncertainties could deter investors and urged Liberia to create a more investor-friendly environment to attract global capital.
TACC Country Coordinator Daniel Siafa emphasized the growing importance of cryptocurrencies in global finance and Liberia’s increasing participation in the digital economy. “Cryptocurrencies are gaining global recognition in countries like the United States, the UK, Ghana, Niger, and Australia. Today, Liberia is part of this movement,” Siafa stated.
He highlighted Liberia’s involvement in the 21 Project Pac Exchange and the Super Level Initiative, a $5 billion cryptocurrency project designed to facilitate financial transactions and empower businesses.
“With the Supernova Project, we have a unique opportunity to shape Liberia’s financial future. Once we establish local adoption, the possibilities will be endless,” Siafa added. He urged the Liberian government to fully embrace cryptocurrency to drive financial inclusion and economic growth.
As Liberia positions itself as a key player in blockchain and renewable energy, these initiatives have the potential to attract foreign investment, create jobs, and drive national development. However, challenges such as regulatory uncertainty and land disputes must be addressed to unlock Liberia’s full economic potential.
With strong government support, Williams’ vision for a technologically advanced and energy-secure Liberia could become a reality, making the country a leader in Africa’s digital and energy revolution.
Reported by: Simeon S. Wiakanty
Contact: +231881538878
