The United Nations Development Programme (UNDP) in Liberia has emphasized the critical role of small and medium-sized enterprises (SMEs) in driving Liberia’s economic transformation, particularly under the government’s ARREST Agenda for Inclusive Development.
The call was made during the Final Pitch and Selection Ceremony for the Growth Accelerator Liberia Programme – Cohort V, held this week in Monrovia.
Speaking at the event, UNDP Liberia Resident Representative Aliou Dia underscored that the initiative goes beyond competition. “The program is not all about winning; by participating, you are investing in Liberia’s future journey. There are many avenues to build something lasting and significant for Liberia. As SMEs, you are already part of the future we want, whether you win in this pitching session or not,” Dia said.
Dia stressed that the private sector remains the backbone of the national economy, with entrepreneurs instrumental in fostering inclusive growth, job creation, and innovation. “You are the forerunners of the ARREST Agenda. Convince the jury with conviction. We have big projects on the horizon,” he added, inspiring participants to think boldly and strategically.
The Growth Accelerator Liberia Programme, implemented in partnership with the Ministry of Commerce and Industry (MOCI) and development partners, provides targeted technical support, mentorship, and co-financing grants to high-potential businesses. Since its inception in 2021, the program has supported over 104 MSMEs and cooperatives with more than USD 2.3 million in investment.
Deputy Minister for Administration at MOCI, Tarnue N. Jeke, reiterated the government’s commitment to strengthening private sector growth through innovation, entrepreneurship, and inclusive development. Speaking on behalf of Minister Magdalene E. Dagoseh, who is attending the TICAD 9 Summit in Japan, Jeke described the Growth Accelerator as more than a competition. “Entrepreneurship is central to Liberia’s national transformation. The Growth Accelerator Liberia Programme is building a pipeline of investable Liberian businesses ready to attract financing, scale operations, and contribute to national prosperity,” he said.
Jeke highlighted the program’s focus on women- and youth-led enterprises, green value chains, and regional balance, ensuring that Liberia’s economic growth is inclusive and equitable.
Deputy Minister for Administration at MOCI, Tarnue N. Jeke, reiterated the government’s commitment to strengthening private sector growth through innovation, entrepreneurship, and inclusive development. Speaking on behalf of Minister Magdalene E. Dagoseh, who is attending the TICAD 9 Summit in Japan, Jeke described the Growth Accelerator as more than a competition. “Entrepreneurship is central to Liberia’s national transformation. The Growth Accelerator Liberia Programme is building a pipeline of investable Liberian businesses ready to attract financing, scale operations, and contribute to national prosperity,” he said.
Dia concluded with a strong message for participants: “Liberia’s economic transformation depends on your courage, creativity, and commitment. With the right support, mentorship, and investment, you can lead the nation into a new era of inclusive prosperity.”
The Growth Accelerator Liberia Programme continues to serve as a cornerstone for building sustainable, resilient, and inclusive businesses across the country, ensuring that women and youth remain at the forefront of Liberia’s economic development journey.
By: David A. Yates