Business

MONROVIA, Liberia — In a move that could prove both financially and politically costly, Liberia has yielded to pressure from High Power Exploration (HPX), agreeing to hire an independent operator for the Buchanan-Yekepa rail line. But a fundamental question looms over the decision: What if Guinea refuses to allow its iron ore to transit through Liberia? The agreement, pushed aggressively …

•First partnership between GHIB and BII, two UK institutions to address trade finance needs on the continent. •Target economies include Sierra Leone, Liberia, The Gambia, Benin, DRC, Rwanda, and Tanzania. London, UK – 3 March 2025 – Ghana International Bank plc (GHIB), a leading UK-based African financial institution, and British International Investment (BII), the UK’s development finance institution and impact …

The ArcelorMittal Liberia Hospital System about two years embarked on a transformational journey with series of strategic initiatives aimed at enhancing patient care and optimizing service delivery. These include upgrades to hospital facilities in Yekepa and Buchanan, investment in advanced technologies, and building of a highly skilled and professional workforce.  Aligned to this plan, the company recently welcomed to its …

The rising prices of commodities on the Liberian market have earned an invitation for commerce officials before Senators. By Lincoln G. Peters Capitol Hill, February 28, 2025/ Sinoe County Senator Crayton O. Duncan has written Plenary requesting that the commerce minister and Commerce Inspector General be invited to explain the causes of rising prices of commodities on the Liberian market …

The United Nations Convention to fight desertification (Uncd) has made great strides in facing the urgent issues of degradation of the territory, desertification and drought. Helen Oji reports The United Nations Convention to fight the parts of desertification (UNCD) has decided to make a sustainable management, restoration and conservation of the vast ecosystems of Rangeland. Ecosystems cover half the earth’s …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that petrol prices will drop to N935 per liter from Monday. This development follows a new agreement with Dangote Oil Refinery, which reduced the ex-depot price of petrol to N899.50 per litre. According to IPMAN National President, Maigandi Garima, the new pricing system will enable marketers to sell petrol at …

Offering 29 blocks across the Liberia and Harper Basins, Liberia provides substantial exploration and production opportunities backed by high-quality seismic data and favorable terms aimed at attracting international investment Access Multimedia Content PARIS, France, January 17, 2025/ — Last August, the government of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA), launched its Direct Negotiation Licensing Round, offering 29 offshore …

The Nigerian equity market has rebounded after the Independence Day holiday with a loss of N187.6 billion for investors at the close of trading on Wednesday. This follows the decline in share prices such as INTBREW (International Breweries) MEYER (Meyer Plc formerly DN Meyer) and VERITASKAP (Veritas Kapital Assurance Plc) on the stock exchange floor today. After five hours of …

The African Development Bank (AfDB) has been reviewing the application of technology, supported by the right policy and investment environment to transform agricultural productivity in an effort to ensure food security for African communities. This even comes as the development bank revealed that demand for wheat in Africa has soared to more than 75 million metric tons, demonstrating the importance …

As First Bank Plc and Zenith Bank Plc continue to battle service disruptions, the tier 1 banks have warned millions of customers to be alert to the activity of fraudsters who may ask for their details in the guise of helping resolve the issue. In different posts on their social media platforms, banks warned that they will never ask for …