Pretoria – South Africa and Liberia have signed a Memorandum of Understanding (MoU) that seeks to create a legal framework to improve trade and economic relations between the two countries.
The MoU also seeks to foster mutually beneficial relations and stimulate private sector interest as well as involvement to cooperate in the development of economic activities in the respective countries.
The Liberian delegation was hosted by Deputy Minister of Small Business Development Elizabeth Thabethe in Pretoria on Wednesday.
Liberia’s delegation was led by Deputy Minister of Commerce and Trade responsible for Small Business and Administration, Andrew G. Paygar-Flangiah, while Deputy Minister Thabethe was supported by the Department of Trade and Industry as well as the Small Enterprise Development Agency (SEDA).
The Liberian delegation will be in the country for about a week conducting a study tour on small business development with a particular interest on SEDA’s incubation support programme, including pre- and post-support.
This tour will include visits to selected SEDA incubation centres in Gauteng, Mpumalanga and the North West.
“I am quite certain that most of you will find the tour of South Africa very inspiring and there are many opportunities and areas of interest offered by different provinces. You are most welcome to come back to explore these opportunities,” Deputy Minister Thabethe said.
The Department of Small Business Development said the two countries have potential to create mega projects in key areas such as tourism, transport, energy, agriculture and agro processing, mineral resources, tourism, health, defence and justice as well as trade and investment which can benefit small to medium enterprises.