The Liberia Business Association (LIBA), which has a mandate to advocate, promote and create opportunities for Liberian-owned businesses in the country, will continue to champion the need for Liberians to actively participate in their own economy, according to its president Dee-Maxwell Saah Kemayah.
Mr. Kemayah made the statement on Friday when a six man delegation from LIBA-United States Chapter visited him and the government on a feasibility study on a Memorandum of Understanding (MOU) signed between them in the United States on October 31, 2016.
With regards to the MOU, he said among other things, the agreement would seek to create partnerships and collaborations that would contribute to the economic growth and development of Liberia.
“It also seeks to improve and enhance the foundation for business environment within the borders of Liberia and the United States,” he said.
Mr. Kemayah said though the government has been working towards the improvement of the business environment, more still needs to be done to strengthen the sector.
He further stressed that under the MOU, the Liberian Business Association in Liberia and the Liberian Business Association in the Americas will serve as advocates for Liberian owned and operated businesses and ensure that they have both the requisite technical capabilities and managerial skills.
The LIBA boss explained that the LIBA in the USA is required under the MOU to provide the requisite and technical knowledge to LIBA – Liberia, its executives and members to do business in the United States of America.
It is also required to assist in the travel arrangements of executives and members of the Liberian Business Association in Liberia to the United States of America for business purposes and facilitate networking and linkages for LIBA – Liberia, its executives and members to find goods and services at reasonable costs.
“This cannot happen by mere words, it requires a collective effort on the part of everyone, particularly those at home and abroad; and also requires effort from the government with responsibility to create an enabling environment, but at the same time as business people we also have a responsibility to make sure that we play our own part by taking our business responsibilities very serious,” he said.
The Executive Director of the Liberian Business Association in the Americas, Jackson George, welcomed the MOU and said LIBA-USA will do all it can to honor its part of the deal.
George said under the agreement, LIBA-Liberia will assist in arranging for the process of resettling members of LIBA-USA who wish to return home and may need accommodation to lease or rent for business purposes
He further said that LIBA-Liberia will also assist in arranging for the clearing of goods from the Freeport of Monrovia for LIBA-USA, its executives and members.
George stressed that unless Liberian businesses can collaborate and understand themselves, the Liberian economy will continue to be dominated by foreigners.