The President of the Liberia Chamber of Commerce (LCC), O. Natta B. Davis II, has unveiled an ambitious roadmap aimed at transforming Liberia’s economy through innovation, local content development, and stronger public-private partnerships, while announcing the signing of a major partnership with the European Union to strengthen the country’s private sector.
Speaking at the Chamber’s annual business luncheon held under the theme, “Liberia’s Next Economic Chapter: Innovation, Trade and Leadership for Economic Transformation,” Davis said Liberia must move beyond exporting raw natural resources and instead build an economy driven by value addition, competitive local businesses, and sustainable job creation.
He said the Chamber has spent the past year strengthening supplier development and local content initiatives to position Liberian businesses to benefit from both domestic and international investment opportunities.
According to him, the LCC has also expanded support for entrepreneurs through its MSME Clinic and Young Business Leaders Platform, providing mentorship, technical assistance, and business development services to emerging enterprises.
Davis emphasized that improving the country’s commercial environment remains a priority, highlighting the Chamber’s collaboration with the Judiciary to establish an arbitration framework designed to enhance commercial dispute resolution and boost investor confidence.
In a significant announcement, Davis disclosed that the Chamber would sign a Memorandum of Understanding with the European Union’s Private Sector Development Support Program, under which the EU will support the LCC in institutional strengthening, skills development, trade policy advocacy and facilitation, women and youth empowerment in trade, and revenue growth and sustainability.
Looking ahead, Davis announced that Liberia will host the seventh edition of the Prosperity Africa Investment Forum in October 2026.
The continental gathering is expected to attract senior government officials, investors, financial institutions, development partners, entrepreneurs, and business leaders from across Africa and beyond to explore investment opportunities, regional trade, innovation, and business partnerships.
He stressed that the forum will move beyond policy discussions by connecting Liberian businesses with investors, strengthening local supply chains, and advancing the country’s local content agenda.
Representing President Joseph N. Boakai, Minister of State Without Portfolio Mamaka Bility reaffirmed the government’s commitment to creating a business-friendly environment through the ARREST Agenda for Inclusive Development (AAID).
Bility described the private sector as the engine of economic transformation, saying the government’s development agenda depends on stronger collaboration with businesses to create jobs, stimulate investment, and increase productivity.
She praised the Liberia Chamber of Commerce for championing supplier development initiatives, including its Supplier Development Portal, which she said is helping Liberian businesses access corporate supply chains, concession opportunities, and public procurement markets.
“The true measure of economic transformation is not simply the volume of investment attracted, but the number of Liberian businesses that grow, the quality jobs created, and the opportunities provided for our citizens to innovate and compete,” Bility said.
