Liberia: Ministry of Commerce Bans L’oven Bakery From Producing Ice Cream

The Liberian Business Association (LIBA) has commended the Ministry of Commerce & Industry for halting the Lebanese-owned L’Oven Bakery from manufacturing ice cream, one of 16 businesses reserved for Liberians under the 2010 Liberian Investment Act.

Under the law, foreigners can only produce ice cream if they partner with a Liberian and invest a minimum of US$500,000 in external capital specifically for ice cream.

L’Oven Bakery, which has been in the Buzzy Quarter Community for years, relocated to…