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.
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.
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...
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...
