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Business & Economy
Wisner Highlights Liberia’s Socio-Economic Struggles
By Grace Q. BryantThe former Executive Director of Liberia’s National Investment Commission (NIC), George Wisner, has outlined pressing socio-economic challenges facing Liberia during the National Convention of the Association of Liberian…
Liberia, EIB Hold US$50M Concessional Loan Talks
The Government of Liberia and the European Investment Bank (EIB), West and Central Africa are in the final stages of negotiating a US$50m concessional loan aimed at enhancing rice production in Liberia.The Ministry of Information revealed…
US$ 56M To Budgetary Support; US$7M In Projects -As EU, IMF Discuss Revenue Growth With LRA Boss
It has been announced that the European Union (EU) has allocated some US$56 million in direct budgetary support over the next three years, with an additional US$7 million earmarked for institutional project support to Liberia.The…
Former LiNCA Boss Grigsby Poised To Head Domestic Tax Department
Information reaching this paper says there are plans by the Liberia Revenue Authority (LRA) to announce the former head of the Liberia National Commission on Small Arms (LiNCA), Teklo Maxwell Grigsby, Commissioner of the Domestic Tax…
LRA Surpasses US$500M In Domestic Revenue Collection
The Liberia Revenue Authority (LRA) has extended profound appreciation to all taxpayers across the country for their unwavering commitment to fulfilling their tax obligations, which is playing a pivotal role in advancing the country’s…
Liberia Opened For Oil Exploration -NOCAL’s CEO Speaks At AOW 2024
The president and CEO of the National Oil Company of Liberia (NOCAL), Rustonlyn Suacoco Dennis, delivered an optimistic and forward-looking address at the Africa Oil Week (AOW) 2024 in Cape Town, South Africa.Her statement signaled that…
Liberia, China Strengthen Maritime Relations With Landmark Transport Agreement
Liberia and China have signed a Maritime Transport Agreement following high-level bilateral talks between the Liberia Maritime Authority (LiMA) delegation, led by Commissioner/CEO Cllr. Neto Zarzar Lighe and China Ministry of Transport.The…
CBL Lowers Monetary Policy Rate To 17.5%
The Central Bank of Liberia’s (CBL) Monetary Policy Committee (MPC), consistent with its mandate to achieve and maintain domestic price and financial stability, has decided to lower the Monetary Policy Rate (MPR) from 20% to 17.5% and…
CBL Confirms Ownership Of US$20M In Bank Of Ghana
The Central Bank of Liberia (CBL) has confirmed ownership of a whooping US$20 million which is temporarily being stored in the Bank of Ghana (BoG) vault, stating that the money is destined for Liberia.The Bank also clarified that said…
“Gov’t Never Defaulted On IDA Obligations” -Finance Reacts To WB Unsettled Debt Saga
The Ministry of Finance has revealed that Liberia did not default on the settlement of its outstanding obligations to the International Development Association (IDA) as being reported by some media institutions.The IDA is the leading…