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.
Liberia is one of the world's largest open registries, known for its flexible policies and global reach. Large fleet owners benefit from cost savings, operational efficiency and seamless international access.
The Liberian government has announced a comprehensive set of tax reforms aimed at generating additional revenue equivalent to approximately 1 percent of the country's GDP.
ArcelorMittal Liberia has transitioned 127 Liberian contractors to full time employees, giving them hope of job security. Several of the new employees come from the company’s mining communities in Nimba, Bong and Grand Bassa.
The Liberia Electricity Regulatory Commission (LERC) is currently reviewing a notice filed by Jungle Energy Power (JEP) requesting reconsideration of the recently announced electricity tariff.
