The International Monetary Fund Management and Executive Board have approved a 40-month Extended Credit Facility (ECF) arrangement in the tone of US$210 Million for Liberia. The IMF’s Management and Executive Board made the approval at a Board meeting on Wednesday, September 25, 2024. Commenting on the IMF Board’s decision, Finance and Development Planning Minister Augustine…
The National Lottery Authority (NLA) has concluded a three-day Monitoring and Evaluation Result-based Training Workshop for its M&E Department in Monrovia. A release sent to this paper on Monday, Sept. 24, 2024, said the training workshop started on Wednesday, Sept. 18, 2024 and ended on Friday, Sept. 20, 2024 with the aim to accomplish NLA’s…
The Liberia Revenue Authority (LRA) says its attention has been drawn to recent media reports concerning the purchase of a vehicle for the Ministry of Commerce & Industry (MOCI) and various other allegations. The LRA clarifies that it has not purchased a vehicle valued at US$150,000, as reported. However, it confirms the approval of the…
President Joseph N. Boakai has called for a stronger partnership between Liberia and Canada; as Liberia’s development hinges on fruitful collaborations. Speaking September 19, 2024 at the 2024 Liberia Investment Forum 2024 in Toronto, Canada, President Boakai said Liberia’s progress in stabilizing its democracy and improving infrastructure is just the beginning. The Liberian leader told…
CICA Motors Liberia last Friday launched the all-new 2024 Toyota Land Cruiser Prado that showcases a striking redesign while preserving its iconic off-roads capabilities and robust engineering. CICA Motors Liberia Managing Director Navin Chandler said the first Land Cruiser was launched in 1951 and was the driving force behind Toyota’s international development, becoming synonymous for reliability,…
The Plenary of House of Representatives has mandated its Committee on Ways, Means and Finance to scrutinize a Bill seeking to amend the Liberia Consolidated Revenue Code. The House’s Press Bureau says lawmakers reached the decision Wednesday, 11 September, 2024 during the 6th day sitting of the 2nd Extraordinary Session following its submission by President…
Vice President Jeremiah Kpan Koung has disclosed that six African countries are expected to work towards the implementation of a single currency regime to achieve economic integration. Speaking Tuesday, September 10, 2024 at the 17th Annual Banking and Finance Conference in Abuja, Nigeria, Vice President Koung listed the countries including Liberia, Ghana, Gambia, Guinea, Sierra Leone…
The National Civil Society Union of Liberia (NACSUL) has hailed a Liberian-owned company, West Coast Group of Companies, headed by Roland Paul as Chief Executive Officer (CEO), for breathing life into the National Transit Authority (NTA) by bringing into the country a huge quantity of spare parts for NTA buses, several of which have been…
The Government of Liberia through the Ministry of Finance and Development Planning (MFDP) has submitted the draft recast budget for Fiscal Year 2024 to the Liberian Legislature. According to a MFDP release dated Friday, August 16, 2024, the draft budget, totaling US$721.5 million, was presented to the Speaker of the House and to the Senate…
The Government of Liberia in partnership with NOVA Africa Ventures has kicked off a 3-day inaugural Liberia Investment Conference designed to showcase the country’s vast potential and attract foreign investments. The conference, being held at the EJS Ministerial Complex in Congo, will run from August 5-8, 2024, bringing together government officials, business leaders, local and…
