Business


World Bank Group President, Yong Kim

WBG Prez. Urges More Support to Ebola-Affected Nations

The President of the World Bank Group (WBG), Jim Yong Kim, has emphasized the need for more support to help Guinea, Liberia and Sierra Leone get to zero new Ebola cases.

He said reaching zero new Ebola cases will help the three countries jumpstart their economy recovery and build a safer, more prosperous and resilient future for their citizens.


Mr. Williams (R) officially hands over authority to Prof. Kupee

Kupee Takes Over From Williams

 Former Lofa County Senator, Professor Sumo Kupee, yesterday took over as the new managing director (MD) of the Liberia Petroleum Refining Company (LPRC) in Monrovia. 

President Ellen Johnson Sirleaf, in her April 7 cabinet reshuffle, appointed Prof. Kupee as the 13th LPRC MD replacing the outgoing, T. Nelson Williams.

 Mr. Williams served the company as the MD for over five years prior to his recent dismissal.

Greek-controlled Ships in Liberian Registry Total 61 Vessels

ATHENS: Figures released by the Greece Shipping Cooperation Committee (GSCC) show that Liberia has further strengthened its position as the undisputed leading open registry of choice for Greece ship owners and operators.

The GSCC statistics show that, in the year to end-March 2015, the number of Greek-controlled ships in the Liberian Registry increased by a net total of 61 vessels, more than any other registry in the world. In the process, the Liberian Registry moved closer to the Greek flag, which recorded a net total of 20 new registrations in the 12-month period.


View of the new headquarters at Freeport

Customs Brokers Get New Headquarter

Since the establishment of the National Customs Brokers Association of Liberia (NCBAL) in the late 70s, this is the first time it has owned a headquarter at the Freeport of Monrovia.

Ivan Tumbey, president of the NCBAL, who spoke at the dedicatory ceremony, challenged employees of the union to take their jobs serious especially as they have gotten their own place.

Mr. Tumbey said that the new headquarters also put the business community in a good standing with Central Bank of Liberia (CBL) and other investors to do business with them in a decent atmosphere.


Chief Economist for Africa, Mr. Ferreira

World Bank Projects Drop In Economic Growth Rates in Sub-Saharan Africa

The World Bank on Monday projected a drop in the economic growth rate of Sub-Saharan Africa from 4.5 percent in 2014 to 4.0 percent in 2015 with even slower rates for Liberia with 3.0 and -0.2 for Sierra Leone and Guinea.

The bank’s Chief Economist for Africa, Francisco Ferreira, made the disclosure during a live video conference to inaugurate `Africa Pulse’, a World Bank Group analysis on issues shaping Africa’s economic prospects. The conference was also monitored in Liberia at their World Bank Congo Town office.

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