By Stephanie M. Duncan
The Ministry of Commerce, Commerce and Business on Monday launched a three-day high-level convention aimed toward enhancing market entry and financing alternatives for Micro, Small and Medium-Sized Enterprises (MSMEs), with a particular deal with boosting Made-in-Liberia merchandise.
Held underneath the theme “MSMEs Entry to Market and Finance by way of Coverage Reforms: The Function of the Authorities, Companions and the Non-public Sector – Deal with Made-in-Liberia Merchandise,” the convention brings collectively authorities officers, non-public sector actors, growth companions, and native entrepreneurs to assessment and strengthen nationwide insurance policies that assist MSME development.
Talking on the opening ceremony, Minister of State for Presidential Affairs Samuel Stevquoah urged Liberian enterprise house owners to embrace honesty and transparency, particularly when accessing loans from monetary establishments.
He famous that integrity in enterprise dealings is essential for enhancing confidence between banks and entrepreneurs.
“When our enterprise individuals are truthful of their monetary engagements, it strengthens the belief with banks. That belief will open extra doorways for financing and broaden assist for domestically made merchandise,” Minister Stevquoah emphasised.
For her half, Minister of Commerce, Commerce and Business Magdalene Dagoseh inspired entrepreneurs to actively contribute to shaping a enterprise atmosphere that’s open, fashionable, truthful, and globally aggressive. She stated such an atmosphere is critical if Liberian-made merchandise are to thrive in each home and worldwide markets.
“We should construct a system that encourages innovation, competitors, and high quality. When the atmosphere is correct, our native merchandise won’t solely develop however stand sturdy globally,” Minister Dagoseh stated.
The convention will highlight coverage reforms supposed to reinforce MSME financing, strengthen market linkages, and increase the visibility and competitiveness of Made-in-Liberia merchandise. Members are anticipated to debate challenges dealing with small companies and suggest actionable methods to enhance entry to capital, expertise, and regional markets.
The three-day occasion is a part of authorities’s broader effort to advertise financial diversification and empower native entrepreneurs as key drivers of nationwide growth.
