In a bid to address some of the difficulties faced by indigenous business people in Sierra Leone the Sierra Leone Indigenous Business Association has trained numerators to embark on a massive business survey in the Western Area, BO, Kenema and Makeni.
The survey is aimed at targeting both the private and public sectors, so as to identify their challenges and make recommendations for a healthy monetary policy, which will be sensitive to the changing economic conditions around the world.
The last survey was conducted in 2005, but the current financial crises and business crumbling in the country has prompted SLIBA to commence a business survey operation after four years in order to address the difficulties faced by the business community in Sierra Leone.
The Executive Director of SLIBA Aisie Nana Victoria Williams in an interview with this Press yesterday said, her organization is one of the major contributors to the growth and development of both the private and public sectors to be successful in business.
She intimated that the aim and objective of the survey is to serve as benchmarks for capacity building of the small and medium size businesses to succeed in their ventures and SLIBA is working as service provider adding value to business.
Madam Williams noted that they are working with stake holders in the private sector and some international financial institutions to empower the business community, they are also partnering with consultants, statisticians and numerators to make the survey a success.
Market failures have been highlighted by both the private and public sectors and it is expected that it will come out in the survey. Capital continuity of business is also another factor coupled with taxes and tariffs for import and exports is seriously affecting young entrepreneurs she disclosed.
Funds generated from taxes have not been properly marketed to the people and there is growing discontent among the business community and the general public on how the Government is using monies generated from taxes.
She stressed the need for Government to establish a selling point to the people as to the utilization of public funds.
Concluding the SLIBA Executive Director urged members of the business community to make good use of the opportunity designed in the survey to input their views so as to have statistical data that will be presented to Government and international partners like the International Finance Corporation of the World Bank so as to have a sustainable development frame work that will be used to address the financial and marketing difficulties faced by the business community in Sierra Leone
The survey is aimed at targeting both the private and public sectors, so as to identify their challenges and make recommendations for a healthy monetary policy, which will be sensitive to the changing economic conditions around the world.
The last survey was conducted in 2005, but the current financial crises and business crumbling in the country has prompted SLIBA to commence a business survey operation after four years in order to address the difficulties faced by the business community in Sierra Leone.
The Executive Director of SLIBA Aisie Nana Victoria Williams in an interview with this Press yesterday said, her organization is one of the major contributors to the growth and development of both the private and public sectors to be successful in business.
She intimated that the aim and objective of the survey is to serve as benchmarks for capacity building of the small and medium size businesses to succeed in their ventures and SLIBA is working as service provider adding value to business.
Madam Williams noted that they are working with stake holders in the private sector and some international financial institutions to empower the business community, they are also partnering with consultants, statisticians and numerators to make the survey a success.
Market failures have been highlighted by both the private and public sectors and it is expected that it will come out in the survey. Capital continuity of business is also another factor coupled with taxes and tariffs for import and exports is seriously affecting young entrepreneurs she disclosed.
Funds generated from taxes have not been properly marketed to the people and there is growing discontent among the business community and the general public on how the Government is using monies generated from taxes.
She stressed the need for Government to establish a selling point to the people as to the utilization of public funds.
Concluding the SLIBA Executive Director urged members of the business community to make good use of the opportunity designed in the survey to input their views so as to have statistical data that will be presented to Government and international partners like the International Finance Corporation of the World Bank so as to have a sustainable development frame work that will be used to address the financial and marketing difficulties faced by the business community in Sierra Leone