Business


WAICA’s CEO William B. Coker ‘harmonization of insurance sector will spur investment, create jobs’

Int’l Insurance Gurus Meet Here

 

Insurance regulators and operators from the West African Monetary Zone (WAMZ) are meeting in Liberia with a desire to harmonize and integrate the insurance sector within the region. The Central Bank of Liberia (CBL), regulator of the Liberian insurance industry, is hosting the two-day meeting in Monrovia in collaboration with the West African Insurance Companies Association (WAICA).

 WAICA is the insurance body for all licensed and accredited insurance companies operating in all six WAMZ countries namely: Liberia, Ghana, Sierra Leone, Guinea, Nigeria and The Gambia.


(R-L) Mr. Fenech, French Ambassador Joel Godeau, and Mr. Stevquoh, others

TOTAL MD Challenges Dealers, Transporters

The Managing Director of TOTAL Liberia Inc. has challenged employees, young dealers and contracted transporters to double their efforts and maintain the service and the quality of products enjoyed by customers. Mr. Robert Fenech observed that the employees, young dealers and transporters needed to work more honestly and transparently and pay back to Liberia the investment TOTAL has made in them.


Monrovia, Liberia. (Source: Wikimedia Commons)

The 5 Poorest Countries in the World

Markets across the world may have risen to record highs in 2013's run-up, but the great gains made by investors, companies, and leading economies haven't extended around the entire globe. Many parts of the world still struggle with rampant poverty and myriad other economic problems. But just which nations make up the unfortunate group of the five poorest countries in the world?


(R): Flashback: LBDI CEO John B. S. Davies, III at LBDI's 48th Anniversary celebration

LBDI Mortgage Scheme on Course

Central Bank of Liberia’s (CBL) Executive Governor Dr. J. Mills Jones has disclosed that the CBL’s US$10 million mortgage scheme placement with the Liberian Bank for Development and Investment (LBDI) is generating good results. According to Dr. Jones, 89 households have already benefitted from the mortgage program with LBDI. In his keynote address at the Liberia Bankers’ Association (LBA) Dinner in commemoration of this year’s Bankers’ Week held over the weekend, Dr.


A waterfall in Bong County

Bong to Get Mini Hydro Soon

The country representative of the United Nations Industrial Development Organization (UNIDO), Mr. Bafotigui Sako, has disclosed that his institution is planning the construction and installation of a 1megawatt ‘run of the river’ mini hydro-power station in Suakoko District, Bong County.

The mini hydro-power station is expected to be constructed on the Mein River, and is expected to provide electricity to approximately 30% of households in Suakoko Town and 15% in the rural area of Suakoko District.

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