MOCI, UNDP Sign US$3.5M Project to Support Micro Enterprises

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The Ministry of Commerce and Industry (MOCI) and the United Nations Development Programme (UNDP) have signed a three-year Business Opportunity Support Services project valued at US$3,528,000 to support micro enterprises.

The signing ceremony was held at the Ministry of Commerce and Industry in Monrovia, witnessed by government officials and representatives from the UN sector.

During the signing ceremony, Commerce Minister Axel M. Addy expressed delight to welcome the UNDP team to conclude and celebrate the signing of the Business Opportunity Support Services (BOSS), which is meant to support micro enterprises.

He said the project is to focus on several activities around entrepreneurship in some of the counties, starting with two or three government services centers.

The project aims at promoting and building a nationwide culture of entrepreneurship by helping young people become self-employed.

According to Minister Addy, the project is in partnership with the ministries of Finance and Development (MFDP) and Internal Affairs (MIA).

He expressed special thanks and appreciation to the UNDP team and MOCI’s Department of Small Business at for their efforts and support in bringing the project to reality.

“I am looking forward to seeing the implementation of this project, because of the unique opportunity it will create, particularly for the young people,” Minister Addy said. “This project provides one of the many answers to the question that, after the training, what next will be empowerment now.”

For his part, UNDP Country Director Kamil Kamaluddeen, said the signing of the MOU signifies a great day for development in the lives of the people of Liberia, especially the young ones.

“Today is a great day for development, decentralization, youth empowerment and employment. Development is a process; attacking the challenges of development needs to be handled from the social, economic and political aspect,” Mr. Kamaluddeen noted.

The BOSS project, he said, accompanies existing projects under MIA and MFDP.

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