Dominic Nimley, Chair on Trade and Commerce at the Liberia Business Association (LIBA) and National Chairman of the Patriotic Entrepreneurs of Liberia, has called on the Liberian government to establish a US$50 million loan fund with low-interest rates to support Liberian local businesses.
Speaking passionately at a recent press conference held on Monday, December 2, 2024, Nimley emphasized that such an initiative would provide critical capital for Liberian entrepreneurs, leveling the playing field and fostering sustainable economic growth.
In a powerful letter to the Daily Observer, Dr. J. Peter Pham, Chairman of High Power Exploration (HPX) and a former U.S. Ambassador and Special Envoy to the Sahel and Great Lakes Region in Africa, has issued a stark warning to Liberia: the country’s economic future is at risk if it fails to embrace a multiuser rail system.
Mining magnate Robert Friedland is said to be planning to list his privately owned iron ore company, Ivanhoe Atlantic, on the Australian Securities Exchange (ASX) next year.
The move, the Australian Financial Review reported, aims to raise capital for acquiring critical minerals projects in Australia, many of which have been overlooked amid the recent price downturn affecting lithium miners and other critical metals projects.
The Liberia Revenue Authority (LRA) is excited to announce a significant milestone in its digital transformation journey with the receipt of 50 Starlink satellite terminals, with funding from the International Development Association (IDA) and the Government of Sweden, through the Public Financial Management Reform and Institutional Strengthening Project (PFMRISP).
— Mines, Energy Minister describes survey as a significant step to boost the sector
Liberia recently launched its Mineral Survey Report, a significant milestone according to Mines and Energy Minister Wilmot J.M. Paye, who foresees positive developments in the country’s mining sector. Paye predicted a new future for the country’s development agenda, stating that the mining sector presents a perfect opportunity for growth.
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