Business Linkages
Small and medium-sized businesses form the backbone of Liberia’s private sector. The Liberia National Investment Commission (NIC) works to identify opportunities for promoting and developing these enterprises through strong linkages with major investors, creating sustainable growth and economic inclusion.
With support from the German International Corporation (GIZ), the NIC developed Promotion of Business Linkages in the Extractives Sector in Liberia, a detailed report based on field and desk research conducted in March and April 2011. The report examines Liberia’s concession environment and identifies areas where productive linkages can be established between large foreign companies and local businesses. These linkages may include the provision of goods and services, value-added processing, and related industrial activities.
This report is an important roadmap for increasing domestic economic benefits from foreign concession agreements. If implemented effectively, it has the potential to boost the growth, competitiveness, and sustainability of Liberian-owned businesses.
Developing strong economic linkages between foreign companies and Liberian firms creates value for both parties. Foreign companies can reduce procurement costs and benefit from faster service delivery by working with local suppliers. At the same time, local procurement strengthens relationships with communities and government institutions. These linkages also stimulate the growth of local industries and increase domestic value creation, contributing to broader economic development.
Liberia’s business linkages strategy aligns with key national initiatives and reform programs, including the Liberia Better Business Forum, the Central Bank of Liberia’s Credit Support Program, and the Ministry of Commerce and Industry’s MSME Policy. Collectively, these initiatives aim to improve market access for small businesses, increase access to finance and credit, and enhance skills development and technical capacity.
By connecting small and medium-sized enterprises with major investors and supporting national programs, Liberia strengthens the private sector while promoting inclusive economic growth and long-term prosperity.