Business

Orange Liberia, in collaboration with its strategic partner ZTE Corporation,  a global leading provider of integrated information and communication technology solutions, has announced the successful completion of a project to build new communication sites, called RuralPilot EcoSites,  across the country, significantly enhancing network coverage in rural areas.

The Central Bank of Liberia (CBL) has clarified media reports regarding a $20 million cash importation consigned to the Bank of Ghana (BoG) and destined for Liberia, stating that it is a legitimate transaction.

Liberia and the International Monetary Fund have agreed on a $209 million aid package spread over three years to help the West African country deal with prevailing economic challenges.

The Central Bank of Liberia (CBL) has announced an ongoing engagement with 209 of its contractors and consultants whose employment contracts are set to end following the near successful completion of the Currency Reform project mandated by the 54th National Legislature in May 2021.

Several contractors working for Western Cluster Liberia Ltd have appealed to the Liberian government to lift the recently imposed road user permit, which has halted the company's mining operations and left the contractors without work and pay for the past three months.

It was destroyed during the Second Liberian civil war, fought between 1999 and 2003, and has never been fully restored.

The Ministry of Finance and Development Planning (MFDP) has clarified that the Government of Liberia has not defaulted on its outstanding loan obligations to the International Development Association (IDA) including the World Bank, dispel recent media reports suggesting that Liberia was suspended from the World Bank due to overdue loans. 

The Central Bank of Liberia (CBL) has refuted allegations made by a Portuguese national, Joao Miquel Amaro Correia, claiming that the bank failed to transfer $10 million to him for a real estate development project in Liberia.

President Joseph Boakai is poised to appoint former Finance Minister Augustine Ngafuan as the new Minister of Finance and Development Planning, following the resignation of Boima Kamara in July, according to people familiar with the plan.

The acting board of commissioners at the Liberia Telecommunications Authority (LTA) has signed its first regulations with the aim of opening the telecoms market.