About 95 percent of African-owned ships are registered and flagging the flag of Liberia, according to data from the United Nations Trade and Development.
Liberian Vice President Jeremiah Koung has praised the growing presence of Nigerian-owned banks in the country, stating that they have contributed immensely to the growth of Liberia's banking sector and economy.
The Liberian Registry, in partnership with Prevention at Sea Ltd, a Cyprus-based maritime compliance technology company, has launched an innovative software product designed to replace traditional paper oil record books (ORBs) and to facilitate correct ORB entries into an efficient electronic format, the Register said in a statement.
Augustine Kpehe Ngafuan, the Minister of Finance and Development Planning-designate, has outlined a comprehensive plan to accelerate economic activities and improve revenue generation, with a particular focus on the mining sector.
Liberia's ambitious plan to accelerate digital literacy and improve internet connectivity among its youth has been derailed by a scam of epic proportions. At the center of this scandal is Abdullah Kamara, the currently Acting Chairman of the Board of Commissioners of the Liberia Telecommunication Authority (LTA).
Sierra Leone’s government has signed a US$50 million agreement with China National Technical Import & Export Corporation to help fund a SMART Sierra Leone Project.
China Union’s operation on its Bong Mines iron ore field in Liberia remains closed after regulators sanctioned the company for violating several environmental regulations.
Liberia’s monetary authorities have taken steps to stimulate the domestic economy and maintain financial stability following a three month period of declined growth.
