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Business Registry launches online platform

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The Liberia Business Registry (LBR) officially launches a ‘State of the Art’ website and Online Application System in the County.

The initiative, in support of efforts by the Government of Liberia to improving the business climate in the country was formally inaugurated Wednesday, July 3, 2019, in Monrovia at the conference room of the Liberia Business Registry.

According to a press release, the modern platform, a joint undertaking of the Liberia Business Registry, Ministries of Commerce and Industry, Foreign Affairs, Finance and Development Planning and the National Social Security and Welfare Corporation (NASCORP), attracted a number of speeches and was characterized by praises upon the Registrar General of LBR, Sampson M. Dee and his team.

“As you may know, the Liberia Business Registry is a one stop shop that is responsible to ensure that all businesses are formalized and registered. So, on that basis of our own responsibilities; we have decided to ease the process of doing business in Liberia, especially when it comes to business startup”, Mr. Dee explains.

He says upon taking over the Liberia Business Registry in 2018, he met series of challenges, ranging from system break down of access to business registry, delays in processing business registration and complaints from tax payers.

“Let me say thank you to the able Minister of Finance and Development Planning, Samuel D. Tweah, for being instrumental and very supportive of the idea we are celebrating today.”

He equally lauds the Minister of Commerce and Industry, Professor Wilson K. Tarpeh, for also being supportive of the initiative, including all other constructive ideas leading to the actualization of the dream to set up and the subsequent launch.

“There have been series of challenges, in fact, the last rating that came up from the World Bank, said it was taking Liberia 18 days to register a business in the Country and I think we all know that this is highly unfriendly when it comes to the business sector. So, on that basis President George M. Weah, set up a Business Climate Working Group, of which we are member and we were tasked with the singular responsibility to turn the picture around to improve the business climate and ensure that we attract investors from every part of the world.” He notes.

Performing the official launch, Deputy Information Minister for Technical Services, BoakaiFofana, says Government is not only interested in improving the general condition of the citizenry, but also business establishments in support of development.

Mr. Fofana notes that over the last year, government specifically set the Business Climate Working Group and the Liberian Business Registry as an integral part of national efforts to improve the business climate in the country.

Acting Commerce and Industry Minister, Wilfred N. Bangura, expresses delight to be part of a history making event that is built around improving the business climate of Liberia.
Mr. Bangura observes that for many years now, there has been some form of darkness over the business community of the Country, noting that the launch of the State of the Art Website in Liberia marks a new dawn in doing effective business.

“We heard the Registrar General says there are foreign entrepreneurs who may come to Liberia and may like to have information of doing business in the Country, and this development will undoubtedly help in the process”, Bangura asserts.

The Acting Commerce and Industry Minister further said the idea is a testament to President Weah’s declaration that Liberia is truly ready for business.

The CEO of Millennium Challenge Account –Liberia, Monie R. Captan, notes that the secret behind the growth of certain economies of Africa such as Mauritius, The Gambia, Kenya and other sub-Saharan economies is digitalization, saying, “this is the only way you can take your country from the manual system and usher it into the new century were just with the touch of a screen of the computer, one can get information from anywhere in the world. And this will move us considerably at the higher point and we are going to have Liberia now competing with other growing economies in Africa.” Press Release

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