Egypt’s top investors have begun seeking new investment destination in West Africa, particularly Liberia, as they search for innovative markets for their products, amidst gloomy political challenges in that country.
The Public Investment Corporation (PIC) of South Africa has signed a subscription agreement with Ecobank Transnational Incorporated (ETI) in which the Corporation is investing US$250 million in the common equity of ETI.
It is not the case when the Ministry of Commerce and Industry or the Central Bank of Liberia undertakes training programs for small and medium enterprise (SME) managers to perk up their business skills and sometimes give them loans, this time around; it is the Office of the Senior Adviser (OSA) to President Ellen Johnson Sirleaf that has ventured into training SME managers.
The Executive Branch of Government through the Ministry of Finance has submitted the draft fiscal budget to the National Legislature. Liberia’s Minister of Finance Amara Mohammed Konneh submitted the budget to the Legislature on Thursday, May 31, 2012 telling that august body that there is a departure from past budget process.
The Liberia Bankers Association (LBA) in a statement issued yesterday said it has reviewed with keen interest the Central Bank of Liberia (CBL) Policy Statement 2012 and applauds the CBL for several policy objectives it has outlined to ensure the further improvement and stability of Liberia’s financial sector.