Business

Liberian Cocoa Not Valued Fairly

An international cocoa consultant, Dr. Andrew Lambert has observed that cocoa produced by Liberian smallholder farmers is not independently graded at the local level and as a result they do not receive payment according to the true value of their products.
According to Dr. Lambert, cocoa produce coming into Liberia from the Ivory Coast is either incorporated into village-level cocoa or transshipped, either formally or informally, through Liberia for export.


Speaker Tyler cuts ribbon to the new cassava processing facility as LBI CEO, Madam Rugie Barry, and others observe the process

Some products that were processed and packaged at the facility

Liberia Business Incubator Cassava Processing Facility Inaugurated

The United States Agency for International Development Food and Enterprise Development (USAID FED) Program, in collaboration with the Government of Liberia (GoL), has inaugurated the Liberia Business Incubator (LBI) Cassava Processing Facility in Lower Virginia, Montserrado County.

Liberia Business Incubator is a fully incorporated Liberian owned and run agricultural  holding firm created in 2010 to tackle food insecurity in the country by improving the livelihoods of farmers and providing them with increased access to domestic and international food markets.


Ambassador Yoshimura and Minister Addy

Japan 8,060mt Rice Donation to Benefit Farmers

The Japanese Government has donated over 8,060 Metric tons of rice to the Liberian Government through the Ministry of Commerce and Industry and the Agriculture Ministry. The rice, according to Commerce Minister Axel Addy, is to be sold and proceeds used by the government to improve the livelihood of farmers and citizens as a whole.

The donation by the Japanese Government shows another great commitment and continued support that they have made thus far.


Total-Liberia

TOTAL Ordered to Pay over US$10M Damages

Total-Liberia, one of the leading suppliers of petroleum products in Liberia, was last Friday found guilty by the Civil Law Court, at the Temple of Justice for damages as a result of breach of contract.

The court also ordred Total to pay US$10,475,626,60 as loan interest and other damages suffered  by Princess Transport Incorporated.

There was an arrangement for the transport company to import 14 tanker trucks to be manufactured and designed according to the specification of Total-Liberia.

Aureus’ Key Liberian Gold Asset on Track For First Output End-May

JOHANNESBURG (miningweekly.com) – Construction of Aureus Mining’s flagship New Liberty gold project, in Liberia, is nearing completion and on track to enable the delivery of first gold by the end of the month, the company noted in a quarterly results statement.

New Liberty’s 924 000-oz reserves supported an openpit operation with an average yearly production rate of 1.1-million tons of ore over an eight-year mine life.

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