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.

LPRC Managing Director, T. Nelson Williams

LPRC to Expand Capacity Storage in Nimba

The Managing Director of the Liberia Petroleum Refining Company (LPRC), T. Nelson Williams, has disclosed a plan to undertake a US$9.5 million project to expand and rehabilitate the Ganta Oil Terminal in Nimba County, commencing next month.

The LPRC Boss made the disclosure Friday during the Ministry of Information, Cultural Affairs and Tourism regular press briefing on Capitol Hill in Monrovia.

One of the homes by JV Company

Premier Estate Dedicates New Housing Units Today

One of Liberia’s post war developers, JV Company, will today officially open its newly constructed housing units in Monrovia, President and Chief Executive Officer (CEO), Floyd Thomas, has disclosed.

 According to Mr. Thomas, the Premier Estate, a wholly Liberian-owned enterprise, will afford Liberians and residents the opportunity to make a choice between owning a home and renting one.

Mr. Ade Ayeyemi—new Ecobank CEO

Ecobank Names New Group CEO

Ecobank Transnational Incorporated (Ecobank), parent company of the Ecobank Group, has announced the appointment of Ade Ayeyemi as its new Group Chief Executive Officer. His appointment takes effect from 1 September 2015.

Mr. Ayeyemi, 52, will replace Albert Essien, who retires on 30 June, 2015 after 25 years of service with the Group. An interim arrangement will be made by the Ecobank Board for the management of the Group during the period 1 July through 31 August, pending the encumbancy of the new GCEO.

LBDI President, Mr. John B.S. Davies poses with the Award

LBDI Rated First among Africa’s ‘Best Performance Development Finance Institutions’

The Liberian Bank for Development and Investment (LBDI) has been rated among 18 development financial institutions in Africa as the “Best Performance” Development Finance Institute (DFI) in West Africa. Continent-wide, LBDI came fifth.

At an impressive ceremony last week in Abidjan, La Cote d’Ivoire, during the Annual General Meeting of the African Development Bank (ADB), the Association of African Development Finance Institutions (AADFI) rated LBDI fifth in Africa and first among all development banking institutions in West Africa.


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