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Politics News

Paying loans is Africa’s challenge

-Says SEGAL boss

The Chief Executive Officer and founder of the Security Expert Guards Agency of Liberia or SEGAL, Momo T. Cyrus says, the unwillingness or inability of African entrepreneurs to pay back loans acquired is a serious challenge among business people on the continent.
He says Africans should graduate from such behavior and practice a culture of sincerity.

Mr. Cyrus appeals to Africans, particularly Liberians to practice the spirit of sincerity in all that they do, including repayment of loans, lamenting that Africa is rich in natural resources but the continent is underdeveloped due to several factors, among them; insincerity and lack of comprehensive empowerment.
Speaking in Monrovia recently following his return from London, the United Kingdom, where his security firm was awarded for excellent services, the SEGAL CEO notes that Africa has huge potential to develop once it puts in place necessary practical work to move forward.

He observes that over the years, Africans have received huge contracts from Westerners to do business and for developmental activities but they failed to reap expected dividends due to insecurity and lack of technical know-how.

“We need to re-look at various contracts to ensure [they] benefit directly the people”, he adds.
Mr. Cyrus served as one of the panelists in London, United Kingdom where he participated in the African Leadership Hall of Fame –Class of 2020 and was awarded.

He dedicates the award to his staff for rendering professional security services to the general public.
He says the award speaks volume about what Liberians can do once there is determination, focus, professionalism as well as trust and love for Country, among others.
He continues that the recognition of “SEGAL” is just an ice breaker, vowing to do more in projecting Liberia’s image abroad.

He calls for training of legal and procurement officers in Africa to ensure they step up their game and become professionals rather than waiting on experts from abroad to do what they can do for themselves, once given the opportunity.

Mr. Cyrus was the only Liberian to be inducted into the African Leadership Hall of Fame –Class of 2020.
Other African countries that received awards include Ghana, Nigeria, Uganda and Zimbabwe, among others.
In brief remarks, the Administrative Manager of SEGAL, Marcus Kumeh lauds the effort of his boss for bringing pride to the institution and Liberia in general.
He pledges the workforce commitment to delivering professional services to improving the security sector.

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