Investment


UNDP Administrator, Madam Clark and Gender Minister Duncan-Cassell sign the agreement

UNDP, MOG Sign US$2m Agreement

The United Nations Development Program (UNDP), and the Ministry of Gender, Children and Social Protection, last Sunday signed a US$2 million agreement to support a project designed to help the less fortunate in Bong and Lofa counties.

The project called the Social Safety Net Cash Transfer Program is for the duration of five years, and will be implemented by the Gender Ministry.

This project also seeks to provide a safety net for households that have had a member succumb to the Ebola virus disease (EVD) and on which quarantine has been imposed.


Vice President Africa Herve Chomel

MoneyGram Reaches 25,000 Locations across Africa

MoneyGram, a leading global money transfer company, announced today that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent.

Recent technology advances and new agent and sub-agent signings, including an agreement with the Mauritius Post Office to offer money transfer services at more than 100 locations, have contributed to achieving this company milestone.


U.S. Secretary of State Kerry

U.S. to Invest U$33b in Africa

United States Secretary of State, John Kerry says President Barack Obama is committed to the outcome of the 2014 US-Africa Leaders’ Summit to invest US$33 billion in Africa.

In a recent statement highlighting national security strategy for advancing U.S. interest, Mr. Kerry said the government seriously keeps and is prepared to act positively to the plan of investing in the economic, health, agriculture, governance and security sectors of the African continent.


Mr. Muhula: “I’m not so excited because I will miss working with you all; I have already established a family with my team”

‘Public Reform Continuous Process’

The outgoing World Bank Public Sector Specialist, Mr. Raymond Muhula, has said that public reform is a continuous process of a country and as such, everyone needs to contribute in building a vibrant economy.

He said few countries in Africa and Europe have put forward such ambitious and comprehensive plans for public reform.

According to him, the reforms must be an ongoing project, not a one-off exercise, and suggests giving citizens a bigger voice in the process–by strengthening the public financial system and building the capacity of civil servants.


Aureus Mining’s gold processing site near completion in Kinjor.

Aureus, Aminata Sign US$90m Deal

Aureus Mining Company and Aminata and Sons, have entered into a US$90m (Ninety Million) contract for the supply of petroleum products to Aureus Mining New Liberty Gold Mining Project in Grand Cape Mount County.  The contract will run for the lifespan of the mine, which is 8 years. 

Speaking at the signing ceremony, the General Manager of Aureus Mining Company, Mr. Debar Allen, said Aminata’s petroleum service delivery meets the standard and has demonstrated the capacity to deliver more than any of its competitors in the sector.

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