The Government of Liberia through the Ministry of Commerce and Industry has pledgedits commitment to supporting young Liberian entrepreneurs, who are desirous of doing business in the country.
The government says it is about time young Liberian entrepreneurs take the responsibility to producing goods in the country. Speaking Tuesday, November 17, 2015 at the opening of a two-day Small Business Enterprise or SME conference held at the Monrovia City Hall in Sinkor, Monrovia.
Liberia’s Minister of Commerce and Industry, Axel Addy, said the focus is on young Liberian innovative entrepreneurs, who are contributing to the country’s transformation story by being productive citizens and role models for others.
Minister Addy said this year’s conference has facilitated over US$1 million investment in SME with new innovations such as the Liberia innovation fund for entrepreneurs, and the Liberian marketplace, saying each year the conference has had a specific focus although last year various topics were covered, including Entrepreneurship Development, Access to Finance, and Access to Market, respectively.
The Commerce boss told participants that the theme for 2013 emphasized agriculture as a business and showcase agriculture innovation at the trade fair. This year’s conference, which brings together officials of government, members of the diplomatic corps, international partners, and foreign stakeholders, is being conducted under the auspices of the Government of Liberia through the Ministry of Commerce and Industry under the theme,“From vision to implementation, buying Liberian Building.”
Giving background of the conference, Minister Addy said the SME conference was launched as a pillar of the Ministry of Commerce and its senior management team, adding the annual SME conference was introduced as one strategy for the implementation of the Micro, Small, and Medium Enterprise policy, which was the country’s first national policy on poverty alleviation and wealth creation for Liberians’ SME.
According to him, this year’s conference is for annual capacity building, networking and business linkage, aimed at providing a forum for Liberians youth to participate in a comprehensive E-Plus business plan competition for emerging starts.
He also pointed out that the conference will showcase the innovation hall where young entrepreneurs’ innovations will be showcase with awards for best innovators and the standard trade fair for 50 SMEsfrom across the country will be also showcase.
Addy said all 50 SMEs to be exhibited in the fair will receive the World Bank group business edge training and a one year tax clearance to facilitate contracts.
By Lewis S. Teh-Edited by Jonathan Browne