Government Gives Foreign-Owned Reserved Businesses 30-Day Ultimatum

Monrovia, Liberia: The Liberian government, through the Ministry of Commerce and Industry, has issued a 30-day ultimatum to foreign nationals allegedly operating businesses legally reserved for Liberians, warning that violators could face administrative penalties, fines, and revocation of operating licenses.

The disclosure was made by the Director of Public Affairs at the Ministry, Jacob Palay, during an interview in Monrovia.

According to Mr. Palay, Liberia’s Liberianization policy protects at least 16 categories of businesses exclusively for Liberian citizens. He named sand mining, distribution and retail trade, importation and sale of used cars, importation and sale of used clothing, production and sale of water, and block making among the businesses reserved for Liberians.

Mr. Palay said the Ministry has also instructed all companies involved in the production of finished goods to submit their distribution mechanisms and supply chain details to the Ministry within 30 days.

He warned that companies failing to comply with the directive risk facing administrative fines and possible revocation of their distribution rights.

The Ministry’s latest move is part of ongoing efforts by the government to strengthen enforcement of Liberia’s business regulations and protect economic opportunities intended for Liberian-owned enterprises.

Authorities have not yet disclosed how many foreign-owned businesses are currently under investigation or could be affected by the enforcement action.