What is buchanan liberia?

Buchanan is a city located in the Grand Bassa County of Liberia. It is situated on the Atlantic coast and is the capital of the Buchanan District. The city was founded in 1832 by the American Colonization Society (ACS) as a settlement for freed African-American slaves. The city is named after Thomas Buchanan, a former Governor of Liberia.

Buchanan was once a major economic hub for Liberia due to its agricultural and manufacturing industries. Rubber and timber harvesting were the major products of the region, and the city was home to several multinational companies.

However, due to the country's prolonged civil war and economic instability, most of these companies and businesses have ceased operations, leaving the city with limited economic opportunities. The city currently has a population of approximately 34,000 people.

Despite its economic challenges, Buchanan remains an essential port city for Liberia. The city is home to the Buchanan port that handles the shipment of iron ore, diamonds, and other goods from the country's interior. The port is managed by the Liberian Mining Company, which is a subsidiary of the Indian steel company, ArcelorMittal.

In recent years, there have been efforts to revitalize the city's economy through investment in infrastructure and tourism development. The government of Liberia has invested in road construction, rehabilitated the city's water and sanitation facilities, and built a new city hall. Additionally, there are plans to construct a new airport that will facilitate tourism and business in the region.