Entrepreneurial non-profit organisation (NPO) BiD Network and Monrovia-based Business Start-Up Centre (BSC) are hosting an investor program for international investors this week in Liberia.
HumanIPO reported last week on BiD Network’s ICT challenge for entrepreneurs, among other programs.
From today (Monday) until Friday, April 26, seven investors are being introduced to local businesses in the capital city of Monrovia.
The majority of investors from countries such as Denmark, Ghana and New York, among others, include Oasis Capital Ghana, Root Capital and Acumen fund, who have experience with African investment, but will be entering the Liberian market for the first time.
“While growth expectations for Africa are favourable, it still pays to have someone who knows their way around when investing there,” BiD Network said.
According to the organisers “sharing local investment knowledge and practices” through this Investor Trip will enable investors to realise the potential of the West African country.
Apart from investments, the potential capital interest is also accompanied by the goal of policy reformations.
HumanIPO reported earlier this month that investors from the African Venture Capital Association (AVCA) believe policy is a factor of hindrance with regards to investments in Africa.
Apart from the entrepreneur pitching, investors will also be attending the government-hosted Micro, Small and Medium Enterprises (MSME) conference as conducted in collaboration with the International Finance Corporation (IFC).
The conference will gather local finance executives to discuss the increase of investments in Liberia.
HumanIPO reported on the AVCA conference in Cape Town earlier this month where international investors discussed investment in Africa and its obstacles to escalation.
Furthermore, the investors will be enlightened by meetings with the National Investment Commission, business facilitators and government ministers, among other informative and networking activities, to put the Liberian investment landscape in perspective.
The program will close with a trade fair and pitching session where 60 enterprises will participate with local entrepreneurs to represent their businesses.
With more than 46,000 members and 10,000 business plans, BiD Network is the largest online community for Small and Medium Enterprises (SMEs) working toward sustainable economic growth.
