- Search Results
 
 
Commerce Minister Says Liberian Businesses Losing Millions
Date Uploaded: Sep 01, 2015

Commerce Minister Axel M. Addy

 

 

Commerce Minister Says Liberian Businesses Losing Millions

By Ballah M. Kollie, LINA

MONROVIA, August 31 (LINA) - Commerce Minister Axel M. Addy has pointed out that Liberian businesses are losing millions of United States dollars allotted for them by provisions of the Small Business Empowerment Act.

The Act provides that government institutions allot 25 percent of their budget for the purchase of goods and services from Liberian-owned businesses.

The goods and services, among other things, include Liberian products, catering and domestic and international travels.

Addressing the Ministry of Information regular press briefing recently, he noted that an estimated US$50 to US$75 million is in the 2015/16 National Budget for transactions with Liberian-owned businesses.

He, however, frowned on the small number of registered Liberian-owned businesses, something he attributed to lack of information.

Meanwhile, Minister Addy has challenged the media to help the ministry with a broader dissemination of the information on Liberian business registration to citizens.

He wants citizens to visit the Small Business Administration (SBA) department on the ground floor of the ministry to register their 

latest headlines
CSA Honors Two For Diligent Performance
The Civil Service Agency (CSA) has honored Mr. Roland D. Kallon of the Agency and Mr. John T. Davies of the Ministry of Justice for excellent and ...more
Grand Mufti Warns Against Divisive Campaigning During Election
The Grand Mufti of Liberia, Abubaker Sumaworo, has warned Liberians against divisive campaigning in the upcoming election. ...more
Bong Citizens Honor Pres. Sirleaf for Leadership, Peace, Stability
Citizens of Bong County have honored President Ellen Johnson Sirleaf for her “exceptional leadership, commitment to peace, development and stab ...more
Liberia Backs Kuwait’s Peace Initiatives In Middle East
The Government of Liberia has said it welcomes the efforts of His Highness, the Amir of the State of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sa ...more
Pres. Sirleaf Congratulates Djibouti On 40th Independence Day
President Ellen Johnson Sirleaf has sent a congratulatory message to her colleague, the President of the Republic of Djibouti, Mr. Ismail Omar Gu ...more
Ellen Lives Up To Promises Made During Nationwide Tour
President Ellen Johnson Sirleaf has fulfilled several promises made to institutions and individuals during her recent nationwide county tour. ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency