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Liberia: Central Bank to Open Regional Cash Hub In River Gee County

The Central Bank of Liberia (CBL) is expanding financial management services across the country as it constructs the second regional cash hub in Fish Town, River Gee County

Liberia Loses $300 Million Yearly to Tax Holidays, Official Says

Loopholes in Liberia’s tax administration including granting of investment incentives to multinational corporations and duty waivers for lawmakers are hampering revenue inflow as several millions vanish annually.

Pan African Group Is Said To Have Acquired Liberian Lender Global Bank

Bloom Bank Africa, a unit of the group will operate the commercial bank in Liberia as deal expected to be announced first week in February

Liberian Dollar’s Lose Spurs Price Pressures

Inflation accelerated 7.5 percent +/-2.0 percentage points on account of expectation of higher spending in Liberian dollar during the festive season of December 2022.

ArcelorMittal Spending $1 Billion to Set Up Concentrator in Liberia Mines, Minister Says

By Festus Poquie Global Steel major ArcelorMittal is implementing capital investment projects on mines in Liberia to kick start phase two of its expansion in...

Liberian President Names Panel to Resolve ArcelorMittal’s Ore Contract Impasse

By Festus Poquie Liberia's President George Weah appoints a special presidential committee to settle disagreement stalling approval of ArcelorMittal's third mining agreement negotiated in 2021. The...

Online Money Gains, Jittery & Scam

African Central Banks appear apprehensive about the emergence of cryptocurrencies. This Month, the Central Bank of Liberia immediately cut off news of the launch of...

Why is Crypto Adoption Growing in Africa?

Africa is going through an economic revolution never seen before. Interestingly, the process has nothing to do with outdated economic policies or commercial banks-enabled...

Liberia’s Central Bank Projects 3.6% Growth As Inflation Slows

The Central Bank of Liberia projects Liberia’s Real Gross Domestic Product (RGDP) to rise to 3.6% in 2021, from a slump of 3.0% in...

ArcelorMittal’s Train Crash Leaves Dozen Injured

Two ArcelorMittal Liberia trains for the first time in 12 years were involved in a collision near the northern of Ganta, on 21 May...

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