Category Archives: Liberia News
Official travel overseas have been withheld by orders of the Liberian President. The 60 day travel ban is being undertaken to save the country’s depleted foreign currency holdings. Doing business in the country has been tough as fluctuation due to continuous fluctuation of the Liberian dollar. This had contributed to traders and business owners engaging in a protest to draw attention to the government on the crisis that befalls them in their businesses. The situation could also be affected by the business owners themselves as some business owners are known to travel overseas with money in their suitcases creating foreign exchange shortages.
Regional Energy Co-operation Summit to discuss opportunities for cross-border power projects and investments across the West African region – Côte d’Ivoire, 26-27 January 2017. Under the theme unleashing international capital to drive forward West Africa’s regional integration. The event will host keynote addresses from Hon. Patrick Sendolo, Minister of Mines, Lands and Energy of the Republic of Liberia and H.E. Prof. Alpha Oumar Dissa, Minister of Energy, Mines and Quarries, Burkina Faso; while attracting high profile speakers with diverse background across the West African region.
Figures released at the SWIFT Business Forum West Africa show that the region has outperformed the total growth of SWIFT globally
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.