Monrovia – Fifty Enterprise Growth Service Suppliers (BDSPs) and Entrepreneurship Assist Organizations (ESOs) from throughout Liberia lately benefited from a three-week capability constructing program in Monrovia.
By Gerald C. Koinyeneh
The BDSP/ESO Capability Constructing Program is a part of the Accelerate360 Program, launched in Could this yr in Monrovia. Accelerate360 is a SME Technical Help program below the LIFT mission, sponsored by the Authorities of Liberia and the World Financial institution and carried out via the Ministry of Commerce and Business. Accelerate360 is being managed by Bridgewater Advisors Restricted, a world advisory agency contracted by the Authorities of Liberia to implement and handle Sub-Element 2.1 of the LIFT mission.
The capability constructing program included expert-led coaching classes held on the Royal Grand Lodge, which targeted on constructing the technical information and abilities of chosen BDSPs and ESOs in Entry to Markets, Provide Chain Administration, Local weather Adaptation, and Entry to Finance. Members additionally gained entry to frameworks and instruments to strengthen enterprise improvement companies and could be added to a nationwide database of educated BDSPs and ESOs. Put up-training, contributors are anticipated to learn from info on commerce reveals, financing alternatives, and alternatives for worldwide and home markets.
A number of contributors lauded Bridgewater Advisors for this system, noting that it had strengthened their capability to help Liberian SMEs.
“One of many necessary issues I received from the coaching are points affecting us like local weather change attributable to deforestation and air pollution. To mitigate this, we should always cease slicing timber and get entangled in recycling, which can cut back waste in the environment and oceans,” stated Susan Kamara Teage, one of many trainees.
She emphasised that the coaching burdened that BDSPS and ESOs ought to encourage entrepreneurs to put money into climate-smart options, corresponding to producing inexpensive options to firewood and charcoal, particularly for rural communities.
One other participant, Winn Wright Akoi, added: “The coaching was an amazing refresher. It could assist us put together SMEs adequately by creating collaboration, figuring out gaps and alternatives, and constructing a collective entrance to handle challenges within the ecosystem.”
Jeremiah Fahnbulleh, Technical Director of the Liberia Vegetable Sellers Affiliation, praised the coaching: “This program has given us the abilities and capability to interact SMEs successfully to allow them to be effectively positioned to entry alternatives within the SME ecosystem.”
The coaching, which started on August 11, 2025, run till August 29, 2025. As a part of this system, the 50 BDSPs had been outfitted with each tender and arduous abilities to enhance SMEs’ entry to finance and markets.
