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Sunday, December 3, 2023

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Swiss Miners Take Liberia to London Court

Solway Investment Group, a private international mining and metals group based in Switzerland, has submitted a Notice of Arbitration to the Government of Liberia for settlement of claims of damages in relation of revocation of mining contracts.

Cape Mount Surrenders 61.3 Acres to Bea Mountain

About 3,000 villagers mainly women and children facing potential displacement now have hope of a new home after a gold mining concession overlapped their native land.

Canadian Miners Hit New Gold Deposits In Southeastern Liberia

Canadian Firm Pasofino Gold Limited is reporting potential new gold deposit of ‘Significant scale’ at its Dugbe Gold Project in Southeastern Liberia.

Liberia: No Mudslide at Bea Mountain’s Gold Mines

There’s no evidence pointing to mudslide at any of the mines, which Turkish firm Bea Mountain Mining Company is operating in Liberia.

Pandemic Prevention Consortium

Recognizing the many milestones it has reached in recent months, Strategies to Prevent Spillover, or STOP Spillover, a project funded by the U.S. Agency for International Development (USAID) and led by Tufts University, has announced that the interim leadership team that was put in place in March 2023 will take on a permanent role for the next two years of the project.

US Sanctions Crude Tankers in Liberia

The U.S. Treasury Department has begun sanctioning tankers transporting Russian crude oil valued above the West’s price cap. Since Dec. 5, 2022, the Group of Seven nations, members of the European Union and Australia have barred their countries’ marine service providers from working with tankers carrying Russian crude priced above $60 per barrel.

How Ghana’s Central Bank Lost $5bn in One Year

BBC News, Accra Ghana - once touted as a trailblazing African economic success story - is facing an unprecedented financial crisis. This week, hundreds of protestors...

Liberia Aims 150% Increase in Rice Production Amidst India’s Limit on Export

Liberia is exploring innovative ways to accelerate rice farming and meet market demands as big producers in industrialized nations like India are restricting exports amidst high levies.

Journalists in West Africa to Benefit from Comprehensive Training on Digital Verification and Fact-Checking

In an effort to foster higher standards of journalism in West Africa, the Google News Initiative (GNI) and DUBAWA, the respected verification and fact-checking arm of the Centre for Journalism Innovation and Development (CJID), have come together. The partnership will focus on an extensive training program specially designed for journalists in non-urban communities of Nigeria, Ghana, and Liberia.

Tony Elumelu’s UBA launches $6 Billion initiative for African SMEs

United Bank of Africa (UBA) has launched a $6 billion financing initiative with the goal of promoting Small and Medium Enterprises (SMEs) across the African continent. This initiative is designed to provide funding access to SMEs in the Agro-processing, Pharmaceuticals, Automotive, Transport, and Logistics sectors, facilitating their expansion. UBA has partnered with the African Continental Free Trade Area (AfCFTA) secretariat to launch the financing initiative. This initiative would deliver $6 billion in funding to eligible SMEs throughout Africa over the next three years.

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