Tuesday, September 28, 2010

Whats wrong with Liberian business

I came across this snipet of an interview i a Liberian Quarterly Magazine called "Business Liberia Magazine" that pretty much sums up my thoughts. I know very well who he is, but he pretty much hits the nail right on the head.

Read more here

Tuesday, September 21, 2010

Unemployment challenges facing the country

As a country where we have never had a middle class, let alone a producing middle class as in all other countries, this is a tough one. We import the lion’s share of our fresh produce from Guinea; we do not grow it ourselves. Most of our people have for various reasons flocked to Monrovia in search of livelihoods. Most academics here have studied here and abroad with one purpose, to land jobs in government or international organisations.

These are, as you know generalisations, that of course have many exceptions all around us, but in general this is the picture. What is missing here is the entrepreneur. It is hard to find entrepreneurs among people who have studied law, political science and accounting. Sure, we have businessmen/women, but in reality these are traders. Here I mean the Lebanese, the Indian, the Fulani, the marketwomen, the wheelbarrow boys. They import or buy wholesale, and sell wholesale/retail. There is no value added.

What we are missing is a group that invest and risk capital on projects that use local produce/raw materials and produce products for the domestic or international market. The first that comes to mind is the food processing industry. The farming industry is also neglected.

Sure, there have been numerous concession agreements signed. This is positive, but still the jobs created thus far have been marginal. What we need are large scale, labour intensive industries that produce what we need here.

Enough said, but the morale of the story is study business, come home and invest in your ideas for the good of the nation.

Momentary lapse of reason

To all my people out there, the time has come to appraise our lives up to this point, and decide the nature of our future. Let it be known that only we can promote our own destiny, anything else is a myth. The future is in our hands so it is up to us what to do with it.

On that positive note, I would like to appeal to my fellow countrymen/women to desist from giving up this power to imaginary forces. Look back in retrospect and check who you voted into legislature. What have they done for you lately? That bag of rice or promise of one for a vote for them is long gone now. While they are amassing wealth in their dubious ways, and planning how they can take you for a ride come the next elections, it is up to you to think of Liberias future. Find someone you can trust and petition them to represent you. In fact, why should you not be able to step up to the plate yourself. The opportunity is there, so seize it! That is what democracy is about. God had nothing to do with it.