The Economy

Central Bank Governor J. Mills Jones

‘Gov’t Need to Redouble Its Efforts to Build Vibrant Private Sector’

The Central Bank of Liberia (CBL) has suggested that the Government redouble its efforts aimed at building a vibrant private sector through, among others, the provision of strong credit support, especially to the agriculture, services and manufacturing sectors in order to ensure a better growth performance and stronger support for Liberian entrepreneurship.

"It would accelerate job creation and the realization of Liberia becoming a middle income country in line with the Government’s Agenda for Transformation (AfT)," said CBL its 2015 policy statement, released earlier this week.

Ambassador Yoshimura and Minister Addy

Japan 8,060mt Rice Donation to Benefit Farmers

The Japanese Government has donated over 8,060 Metric tons of rice to the Liberian Government through the Ministry of Commerce and Industry and the Agriculture Ministry. The rice, according to Commerce Minister Axel Addy, is to be sold and proceeds used by the government to improve the livelihood of farmers and citizens as a whole.

The donation by the Japanese Government shows another great commitment and continued support that they have made thus far.

Aureus’ Key Liberian Gold Asset on Track For First Output End-May

JOHANNESBURG ( – Construction of Aureus Mining’s flagship New Liberty gold project, in Liberia, is nearing completion and on track to enable the delivery of first gold by the end of the month, the company noted in a quarterly results statement.

New Liberty’s 924 000-oz reserves supported an openpit operation with an average yearly production rate of 1.1-million tons of ore over an eight-year mine life.

Experts Say Africa Needs Better PR

Cross Section of business community

Commerce Ministry Hosts Private Sector Engagement on Business Inspection Reform

A one day working session to update the private sector on Business Inspection Reform was held by the Ministry of Commerce and Industry in Monrovia on Tuesday, May 13, to provide the business community a platform from which the ministry could glean feedback on the new inspection regime.

Acting Commerce Minister Cyril A. Allen, II, who spoke at the opening, said the ministry is doing rebranding process at the Ministry to ensure that the business community and the ministry get feedback.


Liberian Observer

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