As Liberia faces funding constraints, the International Monetary Fund has disclosed in the first review of its three-year lending and fiscal program with the West African nation that there are firm commitments from the World Bank and European Union to provide budget support in 2025.
In fulfilment of Bea Mountain Mining Corporation Manpower Training and Capacity Development program, several employees have benefitted from the company’s scholarship program and other educational Support by helping deserving employees achieve their dream career, thus contributing to the overall economic development of the country.
Bea Mountain Mining Corporation (BMMC), through its Community Relations Department (CRD) has completed rehabilitation of over thirty hand pumps in several communities in Grand Cape Mount County. The rehabilitation of these hand pumps is done regularly by BMMC in its affected communities.
High Power Exploration's (HPX) recent proposal to provide $10 million to Liberia for the right to transport iron ore from Guinea's Samadou mine through Liberia has raised significant concerns.
The Liberia Electricity Regulatory Commission (LERC) has announced the suspension of the unauthorized ‘expedited connection service fee’ charged by the Liberia Electricity Corporation (LEC).
ArcelorMittal Liberia has unveiled a $1.4 billion expansion plan that promises substantial economic benefits for the country, including 2,000 additional direct jobs and a dramatic increase in government revenue.
As a crucial step toward establishing the National Insurance Commission of Liberia, the Central Bank of Liberia on Wednesday, March 5, begins a three-day validation workshop to review the draft insurance law of 2020 at the Centennial Pavilion in Monrovia.
Liberia’s mining industry contributes around 15% to GDP and has rebounded significantly since the country’s devastating civil war ended in 2003. Traditionally focused on iron ore, gold and diamonds, the sector is expanding as discoveries of lithium, rare earths and other critical minerals attract fresh investment.
Liberia and Sierra Leone have taken a significant step toward enhancing maritime governance and regional cooperation by signing a landmark Memorandum of Understanding (MoU) aimed at strengthening their maritime sectors.
