About The SBA

The SBA Is Formed

The Small Business Administration (SBA) was established by the Government of Liberia through the Small Business Empowerment Act of December 2014. The Department replaces the erstwhile Micro, Small & Medium Enterprise (MSME) Division which was implementing the first-ever national policy on MSME development in Liberia. The goal of the MSME Policy is to reduce poverty by increasing economic growth and decreasing income inequality so that all share in a growing economy. The rationale for the policy is to strengthen small businesses in Liberia, create more private sector employment opportunities, address poverty challenges and develop a robust middle class. The Division began executing programs and activities to support the growth of MSMEs in March 2012.

Leadership

As per the Small Business Empowerment Act of 2014, the SBA exists and operates as a department of the Ministry of Commerce and industry, Republic of Liberia. It is headed by the Deputy Minister for SBA, who is assisted by the Assistant Minister for the SBA. See below.

Click here for our Staff Page

Organizational Chart

Click here to see the SBA organizational chart

Key Responsibilities

The Small Business Administration is responsible for all small businesses in Liberia. As per the Small Business Empowerment Act we are chiefly responsible for the performance of the following:

* Ensure at least 25% of all public procurement contracts be allocated and provided to Liberian-owned MSMEs, with at least 5% allocated to women-owned MSMEs

* Promotion, development, regulation, control, operation and facilitation of loans of MSMEs, with particular focus and emphasis on Liberian-owned MSMEs

* Build capacity of Liberian-owned MSMEs

* Monitor and evaluate the development and performance of Liberian-owned MSMEs, which shall include a written assessment of such development and performance reports

* Coordinate programs for small business development and entrepreneurship

* Ensure that Liberian-owned MSMEs have adequate access to resources and markets

* Prepare statistics relating to Liberian small businesses

Ministers

Office of the Deputy Minister for Small Business Administration

The Deputy Minister for the Bureau of Small Business Administration is responsible to provide overall leadership for the Bureau and ensure its effective and efficient operations. Generally, the Deputy Minister is to design and implement programs and activities to facilitate growth and expansion of the MSME Sector. Specifically, the duties and responsibilities of the Office of the Deputy Minister for Small Business Administration are as follows:

* The Bureau shall be responsible for the promotion, development, regulation, control, operation and loan facilitation of MSMEs, with particular focus and emphasis on Liberian-owned MSMEs;

* The Bureau shall also be responsible for the functions formerly delegated to and performed by the Micro, Small and Medium Enterprises (MSME) Division of the Ministry as set forth in the MSME 2011 Policy;

* The Bureau shall build the capacity of, monitor and evaluate the development and performance of Liberian-owned MSMEs, as well as prepare a written assessment of such development and performance pursuant to section 5.1 of the Small Business Empowerment Act;

* The Bureau shall coordinate programs for small business development and entrepreneurship with funding provided by the Government.

* The Bureau shall work with government ministries, agencies and commissions, including state-owned enterprises to ensure the implementation of the 25% procurement “set aside” for Liberian-owned small businesses as provided for in the Small Business Empowerment Act.

* Perform other such duties as may assigned from time to time by the Minister.


Office of the Assistant Minister for Small Business Administration

Assistant Minister shall serve as the assistant to the Deputy Minister and as the Technical Officer with oversight responsibility for all divisions in the Bureau. The duties and responsibilities of the Office of the Assistant Minister are as follows:

* Administers and supervises the day-day activities and operations of divisions in the Bureau of Small Business Administration;

* Ensures preparation of division work plan and action agendas, set and oversee work priorities for divisions;

* Leads preparation of periodic performance reports for each division and special project report to facilitate the preparation of semi-annual Performance Scorecard Report;

* Leads the monthly Technical Committee meeting comprising of Procurement Directors from all gov’t ministries/agencies and report to the Deputy Minister regularly on activities in terms of compliance with 25% “set aside” procurement requirement for all Liberian-owned MSMEs;

* Coordinates preparation of Bureau of SBA annual budget with heads of divisions for inclusion in MoCI annual budget;

* Represents the Deputy Minister at meetings/events and perform advocacy and public and media relations roles, as my be required;

* Supports the Deputy Minister in the implementation of the mandate of the Bureau;

* Ensures the delivery of an active and comprehensive outreach and education program;

* Carries out other duties as may be assigned from time to time by the Deputy Minister.

Divisions

A description of the divisions of the Small Business Administration of Liberia.

Access to Finance
Responsibilities

• Develop and implement plans and strategies to enable MSMEs easily access financing form microfinance institutions on favorable terms and conditions

• Coordinate and facilitate public/private sector dialogues relative to Liberia-Owned MSMEs getting access to finance/capital, loan guarantees, microloans from commercial banks and microfinance institutions and enhance financial inclusion

• Explore opportunities with key donor/ other stakeholders for support to the Liberia Innovation Fund for Entrepreneurship (LIFE FUND) and other MSMEs projects for development of MSMEs sector

• Help Liberian owned MSMEs understand financing options (Equity/Venture, capital and debt) availability and resources of such financing

• Ensure availability of resources/information materials that will help Liberian-Owned MSMEs understand financing requirements of commercial banks and microfinance institutions and facilitate sector inclusion.

• Carry out research and analysis to better understand problems affecting Liberian Owned MSMEs and propose solution for reforms in terms of building good credit and financial management

• Carry out other duties as may be requested from time to time
Access to Markets
The Division of Access to Markets at the Bureau of Small Business Administration (SBA), Ministry of Commerce and Industry, Republic of Liberia, is in charge of creating local and international market linkages for Micro, Small and Medium-sized Enterprises (MSMEs). The Division is also in charge of creating awareness about market opportunities including the ones created by the Small Business Empowerment Act as well as programs and resources offered by the SBA for the MSMEs sector in Liberia.

Other specific functions of the Division are as follows:

• Works with other national and international partners to explore market opportunities in the private sector especially in the Concession sector for Liberian-owned MSMEs.

• Provides awareness to Liberian-owned MSMEs and explain the benefits of the SBA Law via brochures, flyers, bill boards, radio jingles and talk shows, public fora, workshop, trade fair, etc.

• Helps Liberian-owned MSMEs benefit from the 25% “set aside” procurement as entrained in the Small Business Empowerment Act of 2014 by providing them information on Government procurement budget at the beginning of each fiscal year. The Division also provides information about MSMEs can obtain business related assistances such as finance and capacity building programs.

• Develops programs that promote brand awareness, brand loyalty for Liberian-made products, and creates avenues for local and international markets exposures for such products through trade fairs, etc.

• Conducts research and make analysis to better understand problems affecting Liberian-owned MSMEs and propose amicable solutions for reforms.

• Oversees the operations of “The Liberia Marketplace,” a store on 3rd Street Sinkor, Monrovia that exhibits products made in Liberia.

• Develops strategic and operational plans for the division along with other divisions and performs other duties as the need arises.

The Division is headed by a Director who is assisted by analysts/researchers.

Performance Monitoring & Capacity Development
Responsibilities.

* Develop strategic and operational plans for the Capacity Development and Performance Monitoring Division

* Identify technical assistance and training needs for Liberian-owned MSMEs as well as monitor and evaluate performance of MSMS service providers and programs

* Develop and implement a robust capacity development program for the staff of the Bureau and Liberian-owned MSMEs

* Ensure preparation of training budget for staff of the Bureau

* Liaise with MSME service providers, consultants and the donor community to facilitate training of staff and Liberian-owned MSMEs

* Work with government ministries /agencies for the quarterly provision of such reports, studies, materials, data and statistical information to confirm compliance with the 25% “set aside” for procurement requirement for Liberian-owned MSMSs

* Ensure the preparation of the semi-annual performance scorecard report, as provided for in the SBA Act

* Design and update administrative forms for the Bureau, as the need arises

* Carry out other duties as may be requested from time to time

TO BE UPDATED

Content to be updated soon.