President Joseph N. Boakai has launched a US$408 million Youth Entrepreneurship Investment Bank (YEIB) to turn Liberia’s youthful population into the engine of economic transformation. Speaking at the EJS Ministerial Complex in Congo Town on Tuesday, July 22, Boakai declared that the YEIB is not just a program, but a direct investment in the survival…
At the crossroads of innovation and national development, Orange Liberia has emerged as a vanguard of progress. This was evident as the company took center stage during the Liberia Technology Summit 2025, not just as a sponsor, but as a long-term architect of Liberia’s digital future. The summit, hosted by the Ministry of Posts and…
The Zoom Network Inc, prominent Liberian-owned enterprise, is in discussion with the Government of Liberia to launch a large scale trade fair aimed at energizing the country’s business landscape. This move comes as part of a broader economic stimulus strategy involving both domestic and international stakeholders. Zoom Network, known for its diversified portfolio covering agriculture,…
The Government of Liberia, through the Ministry of Finance and Development Planning (MFDP) and the European Union (EU), has signed a US$20 million Financing Agreement under the NDICI-Global Europe Framework, titled Private Sector Development in Liberia, NDICI Africa Act-62431. Speaking Monday, June 16, 2025, at MFDP in Monrovia, Minister Augustine Kpehe Ngafuan described the initiative…
The Managing Director and Chief Executive Officer of the United Bank for Africa (UBA) Liberia, Ayokunle Olajubu along with his business team recently paid a courtesy visit on the Minister of Finance and Development Planning Hon. Augustine Kpehe Ngafuan at his Office to discuss partnership in support of Liberia’s economic growth and development. In remarks,…
The Central Bank of Liberia (CBL), following its recent Monetary Policy Committee (MPC) meeting, has raised the Monetary Policy Rate (MPR) by 25 basis points to 17.25% for the second quarter of 2025. The MPC also maintained the reserve requirement ratios at 25% for Liberian Dollar deposits and 10% for U.S. Dollar deposits. The standing…
President Joseph Nyuma Boakai has reaffirmed his government’s unwavering commitment to prioritizing the infrastructure development of the Port of Buchanan as a vital component to the economic transformation of the nation. The President committed on Saturday, April 5, 2025, when he toured the port’s facilities in Grand Bassa, stressing that the government needs the Port…
The President of the African Development Bank (AfDB), Akinwunmi Adesina, has emphasized the need for more meaningful collaborations aimed at driving global expansion on the African continent. Adesina, during a courtesy visit to the United Bank for Africa (UBA) UK Office on Wednesday, noted that strong partnerships and strategic financial collaborations between AfDB and UBA…
The Executive Governor of the Central Bank of Liberia(CBL), Henry F. Saamoi, has said the joint launching program of Financial Education Program And Roll Out Of The Pan-African Payment And Settlement and System marked a significant milestone in ‘‘our commitment to fostering a financially inclusive and technologically advanced economy.’’ Making remarks at the well-attended program…
The Liberia Revenue Authority (LRA) has reaffirmed its leadership in customs modernization and best practices by hosting a high-level benchmarking visit from the National Revenue Authority (NRA) of Sierra Leone. The study visit allowed the Sierra Leonean delegation to gain insights into LRA’s advanced customs administration, operational strategies, and enforcement mechanisms. According to a release,…
