Transitioning Liberia’s railway industry to a multi-user rail model could lead to significant investments by multiple mining companies in the country and create
economic benefit for Liberians, the U.S. Embassy near Monrovia said in a statement.
Liberia forecast it would yield $500 million in four years end 2025 as it embarks on an ambitious project to gain market shares and keep it in readiness should Firestone Liberia Inc. – a subsidiary of Bridgestone Americas, Leaves.
Iron ore and other leading export commodities production in Liberia declined in the third quarter of 2022 according to the Central Bank of Liberia Financial and Economic Bulletin published in February this year.
Omar Alieu Touray, President of the ECOWAS Commission has implored members of the Convergence Council discussing the regional bloc’s single currency regime to reach a decision in the interest of member states.
Small-scale mining of gold, diamond and other industrial minerals is the likely game changer in the push to unlock the cycle of poverty in African’s oddest republic of 5.5 million people but corruption, poor regulation, lack of finance and flourishing underground operation are hindering gains.
Liberia aims to triple the capacity of its national grid to nearly 300 megawatt beyond the existing 88MW as it accelerates plans for a new hydro power station.
Liberia’s monetary policy rate remains at 15% for the third time to contain rising food prices and promote financial sector stability as export earnings decline while the Liberian dollar depreciates.
The Central Bank of Liberia has confirmed the sale of Global Bank Liberia Limited, a subunit of defiant Nigerian lender Keystone to a Ghanaian firm in a deal lacking clear terms on financing.
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
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.
