By Jamesetta D Williams
The government of Liberia has taken steps to enforce the Institutional Assessment and Enforcement of Reserved Businesses under the Liberia Investment Act of 2010 following its launch in Margibi County.
The Ministry of Commerce and Industry, in collaboration with the Ministries of Justice and Labor, officially launched the initiative which is a broader part of government’s efforts to reset the button on the operation and administration of reserved businesses.
The joint exercise was held on Thursday in Kakata City, Margibi County, bringing together government officials, business stakeholders, marketers, and community leaders in support of the government’s Liberianization agenda.
The launch forms part of ongoing efforts by the Government of Liberia to strengthen the implementation and enforcement of the Reserved Business provisions contained in the Liberia Investment Act of 2010, which seeks to protect certain businesses exclusively for Liberian citizens.
Speaking during the program, Commerce and Industry Minister Magdalene Dagoseh emphasized the government’s commitment to ensuring that Liberians fully benefit from economic opportunities within their own country. She noted that the initiative is intended to empower local businesses and encourage greater participation of Liberians in the national economy.
Also speaking at the event, Labor Minister Cllr. Cooper Kruah stressed the importance of enforcing laws designed to protect Liberian-owned businesses and create sustainable opportunities for citizens. He assured participants that the government remains committed to working with relevant institutions to ensure compliance with the law.
Margibi County Superintendent Ojay Morris welcomed the initiative and praised the government for bringing the program to the county. He described the exercise as timely and necessary for strengthening local economic participation and protecting small Liberian businesses.
The event also featured remarks from the President of the Liberia Business Association, James Strother, representatives of the Margibi Elder Council, market women, and other stakeholders, all of whom expressed support for the enforcement exercise and called for stronger monitoring mechanisms to ensure full implementation of the law.
According to organizers, the initiative is aimed at conducting institutional assessments and enforcing regulations governing businesses reserved exclusively for Liberians under the Investment Act.
Government officials said the overall objective is to ensure that Liberians reclaim greater control of the national economy through active participation, ownership, and empowerment in the business sector.
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