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Category Archives: Liberia News
European Union Welcomes Rural Energy Strategy and Master Plan, prepared by Liberia’s Rural and Renewable Energy Agency (RREA)
Speaking at today’s launch event, the European Union Chargé d’affaires, Mrs Emma Sundblad, particularly welcomed the definition of clear, quantifiable targets in three key areas: Energy Access; Renewable Energies and Energy Efficiency. She also congratulated the RREA on the identification of concrete programs and projects to be implemented under a comprehensive framework and praised the Government of Liberia for prioritising access to energy for all parts of Liberia.
Neoliberal reforms in Africa, increasing global commodity prices and rising global resource demands have led to significant economic turnovers within the recent past decade for some African nations – Libya, Ivory Coast, Ghana, Nigeria, Liberia, Sierra Leone, South Africa, Egypt, among the rest . In accordance, there has been a substantive growth in the extractive industry investment, especially in sub-Saharan Africa. A surge of investment within extractive industry has brought about a diverse number of feedback in mineral-rich countries. In Ghana, there has been a boom investment towards artisanal mining while violating national mining principles and regulations and also neglecting Cooperate Social Responsibility (CSR), main focus is trade! The situation is similar in most mineral-rich countries— varied concerns from society including rejection of the extractive industry or acceptance with high expectation of increased economic status of the society arising from gainful employment, and protest over labour conditions.
Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review.
Orange (www.Orange.com) today announced it has entered into a firm agreement with Cellcom Telecommunications Limited to acquire, through its subsidiary Orange Côte d’Ivoire, 100% of Cellcom’s Liberia subsidiary, the leading mobile operator* in Liberia, with the strongest market commercial momentum.
Transparency International estimates 75 million Africans paid a bribe in the past year
IMF Executive Board Approves 3-Month Extension of the Extended Credit Facility Arrangement for Liberia
The Executive Board of the International Monetary Fund (IMF) approved on October 14, 2015—the decision was taken without an Executive Board meeting1—a 3 month-extension of Liberia’s Extended Credit Facility (ECF) Arrangement to February 18, 2016.
A mission from the International Monetary Fund (IMF), led by Mr. Carlo Sdralevich, visited Monrovia during October 19–30, 2015 to conclude discussions on the fourth review of the government’s economic program supported by the IMF under the Extended Credit Facility (ECF) arrangement1 approved by the IMF Executive Board in November 2012.
GENEVA, Switzerland, October 7, 2015/APO (African Press Organization)/ —
WTO members negotiating Liberia’s accession agreed by consensus, ad referendum, on the terms of the country’s WTO membership on 6 October 2015, paving the way for the eighth least-developed country to join the organization since 1995. Liberia’s membership terms will be presented to the 10th Ministerial Conference in Nairobi, 15-18 December, for a formal decision by ministers.
Throughout the developed world African nationals are racing to build sustainable marketplaces for independent designers of Afro-centric inspired fashions. Numerous African inspired Fashion Week events have emerged throughout three major continents. North America, Western Europe and West Africa. Setting the pulse for this movement is the World Fashion Organization’s agenda to develop wealth creation and eventually free African societies from a dependency on world aid.
Illicit Financial Flows: Significant Impediment to Achieving Sustainable Development Goal #6 — Ensuring Healthy Lives
Analysis of illicit financial flows (IFFs) in the poorest nations shows that from 2008 – 2012 IFFs swamped national health spending in many countries. The IFF/Health Spending ratios provided below give an indication of the challenge some countries will face in achieving Sustainable Development Goals #6.
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Monrovia at the conclusion of her visit to Liberia: “My visit to Liberia has been extremely fruitful and informative, and I am grateful for the warm hospitality I received from everyone I met. I wish to thank President Ellen Johnson Sirleaf and the Liberian authorities, as well as members of the Liberian Legislature, for our constructive and substantive discussions. I also had the honor to address a broad cross-section of the Liberian community, including students and members of civil society, and to meet with women leaders and representatives of the private sector. I was heartened to visit the Young Women Christian Association, which has demonstrated a deep commitment to supporting Liberia’s most vulnerable citizens at a time of crisis.
“I complimented the authorities on the country’s heroism and resilience in fighting the Ebola pandemic. The Ebola outbreak brought the economy to a halt in 2014-15 and had a disproportionately large impact on the poorest households. The victory over Ebola allows the country to restore growth and focus on implementing its ambitious economic transformation agenda. My discussions throughout my visit confirmed that Liberians are well aware of the challenges and can unite, as they did in defeating Ebola, to take the steps necessary to revitalize the economy.
Illicit Financial Flows: Major Hurdle to Achieving Sustainable Development Goal #4 — Ensuring Quality Education
Analysis of illicit financial flows (IFFs) in the poorest nations shows that from 2008-2012 IFFs swamped national education spending in many countries. The IFF/Education Spending ratios (see below) give an indication of the problem some countries will face in achieving Sustainable Development Goals #4. GFI President Raymond Baker said that the UN commitment to “substantially reduce” IFFs in target 16.4 “is a welcome advance in the fight to curtail the damage illicit flows inflict on children around the globe.”
The African power mix, the rise of renewables, infrastructure investment and the role of temporary power. =&0=& Would this year’s Africa Energy Forum have the same stories of promised projects? The “Africa is open for business” message? The same sense of pent-up desire for electrification mirrored only by frustration and a lack of movement?
Thirty six interviews later, talking to ministers, investors, regulators and financiers on and off the record, here is our view.
The Mediterranean sea has become a graveyard for Africa’s youth. Every day, we see images of what would appear to be a continent racked by conflict and poverty, and people risking – often losing – their lives in an attempt to flee . Yet Africa has 11 of the 20 fastest growing economies in the world. Africa has enormous resources, and almost half of the world’s uncultivated land that is suitable for growing food crops. So why are so many people desperate to leave behind a land of such opportunity?
West Africa has unprecedented opportunities for agricultural growth, but making the most of them will require more effective regional integration, says a new report by the African Development Bank (AfDB), the Food and Agriculture Organization of the United Nations (FAO) and the Economic Community of West African States (ECOWAS).
L’Afrique de l’Ouest dispose d’opportunités sans précédent de croissance agricole, mais pour en tirer le meilleur parti, il apparaît nécessaire de renforcer l’intégration régionale, indique un rapport publié par la Banque africaine de développement (BAD), l’Organisation des Nations Unies pour l’alimentation et l’agriculture (FAO) et la Communauté Économique des Etats de l’Afrique de l’Ouest (CEDEAO).
The discovery Monday of the remains of 30 migrants in Dirkou, northeast of Niger’s Agadez crossroads brings to 48 the total of dead migrants found in the Sahara this week, adding to the growing death toll of Africans and Middle Easterners believed to have perished this year on their way to Europe.