‘Nimbaians Are Scaring Off Investors’,

The United Workers’ Union of Liberia (UWUL) has described residents of Nimba County as ‘war mongering individuals’ who feel the country should continue living in violence over the rule of law and turn the hard-earned peace enjoy currently enjoyed by all into a chaotic situation.

UWUL is the workers’ representative organization of Arcelor Mittal that is greatly concerned about the rough side of the mountain being climbed by the company in the country.

France Pumps US$7M into Private Sector Investment

French Finance and Development institution PROPARCO has unleashed US$7 million into the Liberian economy to assist financial and non-financial instructions through a long term loan scheme.

PROPARCO yesterday signed the agreement with Guaranty Trust Bank (Liberia) Limited in Monrovia to allow the local bank take charge and control the loan scheme in an effort to support private sector investment.

President Sirleaf addresses the EBID Delegations

‘Open ECOWAS Bank Membership to Non-ECOWAS Members’

President Ellen Johnson Sirleaf has called on the Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID) and its shareholders to consider opening up the capital portfolio of the Bank to non-regional members and other institutional investors. According to President Sirleaf, the admission of non-ECOWAS members into EBID will enable the Bank to contribute to the economic and social development of member states through low interest loans.

Ecobank Group CEO Mr. Albert Essien

Ecobank Nets US$200M to Finance Trade, SMEs

Ecobank Transnational Incorporated (ETI) (“Ecobank” or “the Group”), parent company of the Ecobank Group, and the African Development Bank (‘AfDB’) have signed a US$200 million trade finance facility to bolster ETI’s ability to provide adequate trade finance in Africa.  The facility was signed on Wednesday, May 21, 2014 at an official ceremony held during the AfDB Annual General Meeting in the Rwandan capital, Kigali. The Group chief executive officer (CEO) of Ecobank Mr. Albert Essien and Mr. Alex Rugamba director, AfDB signed the agreement for their respective institutions.


Liberian Observer

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