Business


World Bank Vice President for Africa Makhtar Diop

World Bank: Oil Prices Fall Affects Africa

The World Bank forecast has predicted that the fall in prices of oil and other commodities are likely to slow economic growth in Sub-Saharan Africa to four percent in 2015 from 4.5 percent in 2014.

The bank said in its Africa's Pulse, a twice-yearly analysis of the issues shaping Africa's economic prospects, released in Nairobi that excluding South Africa, the average growth for the rest of Sub-Saharan African countries is forecast to be around 4.7 percent.


Putu CEO Christian Masurenko

‘Putu Remains Committed to MDA’

The management of the Putu Iron Ore Mining Company (PIOM) has reassured the government and people of Liberia that it remains committed to the implementation of the Mineral Development Agreement (MDA) it signed with government.

The PIOM management stated that although in the last few months its activities were reduced it did not close down its operations, as had been rumored, according to a press release issued yesterday.


Putu CEO Christian Masurenko

‘Putu Remains Committed to MDA’

The management of the Putu Iron Ore Mining Company (PIOM) has reassured the government and people of Liberia that it remains committed to the implementation of the Mineral Development Agreement (MDA) it signed with government.

The PIOM management stated that although in the last few months its activities were reduced it did not close down its operations, as had been rumored, according to a press release issued yesterday.


Mrs. Sloan and partial view of the unsanitary environment: “We pay dues every day but nothing is done to cater to the wellbeing of the marketers.”

Rally Town Marketers Cry for Help

Marketers in the Rally Town Market on UN Drive in Monrovia yesterday complained about the deteriorating condition of the structure and the unhealthy environment in which they sell.

According to them, the area is not hygienic for their wellbeing and may lead to the outbreak of diseases such as malaria and cholera.


BRE billboard in one of the affected communities no longer exist

OPIC Raises Concern over BRE Failed Project

The United States Overseas Private Investment Corporation (OPIC) has published a plan to address widespread failures at the agency that contributed to a failed energy project in Liberia, which resulted in a serious human rights, labor and environmental abuses, an OPIC document has reported.

  According to a release from the Accountability Counsel, SOMO and Green Advocates International, the brief plan outlines a number of important institutions and operational communities suffered.

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