President Joseph Nyuma Boakai has launched a US$35 million expansion and modernization project at the Liberia Petroleum Refining Company (LPRC), a major investment expected to double the company’s share of Liberia’s national petroleum storage capacity from approximately 25 percent to 50 percent. The project, which will add 50,000 metric tons of commercial petroleum storage capacity,…
With government tax exemptions and wasteful spending potentially costing Liberia nearly US$200 million annually, Nimba County District No. 7 Representative Musa Hassan Bility is calling for a sweeping legislative review, while demanding answers over shipping delays that reportedly leave imported goods stranded for up to five months, threatening the survival of local businesses. Bility has…
The Government of Liberia has applied to the Millennium Challenge Corporation (MCC) for grant funding under a Compact to help accelerate economic growth and reduce poverty in Liberia. According to a statement issued by the Ministry of Finance, the government has established a Compact Development Team (CDT) unit within the Ministry of Finance and Development…
