MONROVIA, LIBERIA-Members of the Concerned Liberian International Businesses Organization (COLINBO), a group of local businesses, met President Joseph Boakai on Thursday with several recommendations to improve the country’s Business Sector.

COLINBO, in a statement, firstly lauded President Boakai for numerous steps taken to assist local businesses by granting Liberian businesses rice import permits and negotiations to obtain funding from the World Bank and African Development Bank for Liberian SMEs.

The Organization called on the Liberian Leader to review and reform the various tax regimes to provide tax incentives for Liberian businesses.

COLINBO, at the same time, urged President Boakai to appoint Liberian entrepreneurs to boards of state-owned enterprises and regulatory agencies whose functions have bearings on businesses, as having the private sector representatives on such boards will enhance business-minded decision-making.

The Liberian Business Organization called on the Government of Liberia to help create an enabling environment to connect easily with their foreign counterparts and improve the country’s economy.

Meanwhile, President Joseph Boakai has reiterated his determination to ensure Liberian businesses take over the economy.

President Boakai assured that he is committed to making Liberians take charge of the economy.

The Liberian leader commented on the Executive Mansion on Thursday, June 20, 2024, when he held a meeting with members of the Concerned Liberian International Businesses Organization (COLINBO).

President Boakai frowned on foreign investors who are only taking away from the country and vowed to ensure that foreign investors work with Liberians on their investments.

The Liberian Leader also stressed the need for Liberian entrepreneurs to collaborate and work hard to take over the country’s economy.