Business


GROW Liberia Team Leader, Mr. Reibel Giving the Overview of the Program

GROW Liberia Launches US$22M Agriculture Markets Program

As part of the Post Ebola Economic Recovery in Liberia, GROW Liberia has launched a US$22 million budget facilitation of support to the development of markets and value chains in agriculture program in Monrovia.

The program is intended to initiate and promote economic growth and stability for the poor through partnerships with value chain actors, specifically targeting smallholder farmers in key agricultural sectors, including vegetables, rubber, oil palm and cocoa.


Mina Baliamoune (left) and Lyal White (right) discuss regional integration on the continent at the 2015 SWIFT African Regional Conference.

African Countries Weak as Individuals, Powerful as Collectives

For Africa’s potential to be truly realised, the continent’s countries need to integrate in order to compete globally as regional collectives, rather than individual economies.

This was emphasised by Lyal White, director of the Centre for Dynamic Markets at the Gordon Institute of Business Science. He was speaking during yesterday’s panel discussion at the SWIFT African Regional Conference.


LPRC MD Kupee

LPRC Increases Prices of Petroleum Products

The management of the Liberia Petroleum Refining Company (LPRC) in collaboration with the Ministry of Commerce and Industry yesterday announced a sharp increase in the prices of gasoline and fuel.

The new petroleum price ceiling which was jointly signed by the Managing Director of the LPRC, Prof. Sumo G. Kupee, and the Minister of Commerce and Industry , Axel Addy, took effect May 4, 2015.

The new prices according to LPRC were circulated using the Central Bank of Liberia (CBL) approved exchange rate of US$1 to L$85.


Shun Feng enters the courtroom after admitting to commission of tax evasion

Chinese Businessman Admits to Tax Evasion

A Chinese businessman, Shun Feng, has admitted to defrauding the government by not declaring all goods he recently brought into the country via the Freeport of Monrovia.

In late April, Shun Feng was arrested by authorities at the Liberia Revenue Authority (LRA) for not declaring some of the goods he imported from China into the country.

He was turned over to the West Point Magisterial Court for prosecution where he admitted to commission of the crime.


GROW Liberia, Deputy Team Leader, YoQuai Lavala

GROW Liberia to Start New Program in Agriculture

GROW Liberia will this Wednesday begin its landmark “Making Markets Work for the Poor,” (M4P) agricultural markets development program in Monrovia. 

 The Minister of Finance and Development Planning, Amara Konneh, will give the keynote address while Ambassador Sofia Strand of Sweden will launch the event and spell out the Swedish Government’s commitment to Liberian agricultural market development.

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