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,…
One of Liberia’s biggest GSM networks, Orange Liberia, on March 24, 2025, launched its One Million Mega Wave Campaign for their 30-day Active Orange Mobile Money Subscribers. The program earmarked Orange Liberia’s remarkable journey, achieving such a glorious milestone under its new leadership that took office about a year ago. The Chief Executive Officer (CEO)…
Minister of Internal Affairs Francis Nyumalin has called on delegates at the 21st General Session of the African-Asian Rural Development Organization (AARDO) to support Liberia’s development agenda with the necessary trained manpower. Addressing the gathering taking place in India, New Dehli, on Friday, February 21, 2025, the Internal Affairs Minister said this support would help…
The Plenary of the Liberian Senate has mandated its Committees on Concession and Investment, Land and Mines, as well as Judiciary to investigate claims that Liberian-owned businesses are being disenfranchised by concession companies in the country. Plenary’s decision was triggered by a communication submitted to it on Tuesday, February 18, 2025, by Bomi County Senator…
