Liberian economy grew 4.8% last year, says World Bank
Liberia’s economy expanded by 4.8% in 2022 despite global headwinds from the war in Ukraine, high global inflation and depressed demand in advanced economies, according to a World Bank update released on Tuesday. The expansion was driven by gold production and a relatively good agricultural harvest, notes the bank’s 4th annual Liberia Economic Update, “Getting Rice […]
$16 million for youth-led Liberian businesses
In an exciting move to unleash the business potential of young Liberians, the Board of Directors of the African Development Fund (ADF) has given the green light for the creation of a Youth Entrepreneurship Investment Bank (YEIB) in the West African country. Approximately $16 million has been allocated to finance this strategic initiative, which targets […]
Adesina outlines vision for African growth
African Development Bank (AfDB) Group President Dr Akinwumi Adesina on Sunday outlined the bank’s significant achievements and commitments to Africa. He underscored the bank’s determination to mobilize resources for driving economic transformation, climate resilience, and addressing the continent’s debt challenge, among other priorities. Addressing the 5th Mid-Year Coordination Meeting of the African Union (AU) in […]
FIFA,UNHCR agree to give refugees more opportunities
Football’s global governing body FIFA and UNHCR, the UN Refugee Agency, Wednesday signed a Memorandum of Understanding (MoU) to work closely with those forcibly displaced from their homes and help to strengthen communities through enhanced access to football, education and other opportunities. The signing ceremony in Geneva, Switzerland, was conducted by FIFA President Gianni Infantino […]
How Liberia’s debt surged to US$2.03 billion
By S. Karweaye Liberia’s public debt has been on the rise. The country’s public debt stock – what the government owes in total – was about US$2.03 billion at the end of December 2022. Of the US$2.03 billion, domestic debt constituted about US$896.68 million (44.15%) while the external component of the total debt stock constituted […]
Swedish Migration Agency to set up ‘return centers’
The Swedish Government has tasked the Swedish Migration Agency with setting up return centers to house rejected asylum seekers. In these centers, the agency will actively work to motivate the people there to return voluntarily, and will provide advice, guidance and practical support. “Increasing the number of returns is a very important priority for the […]
Africa deserves permanent seats on UN Security Council
The Deputy Speaker of Uganda’s Parliament Thomas Tayebwa has called for the creation of two permanent seats for Africa at the United Nations Security Council, in renewed calls for the body’s reforms. Speaking at the 63rd Organisation of African, Caribbean, and Pacific States (OACPS) – European Union Joint Parliamentary Assembly on Monday, 26 June in […]
Support for Green Infrastructure in Africa
On the sidelines of the Summit for a New Global Financing Pact in Paris, African leaders, investors and development partners, including the African Development Bank (AfDB) Group, have highlighted their steadfast support for the Alliance for Green Infrastructure in Africa as it advances toward a first close of $500 million for green infrastructure projects in […]
African women must play a larger role in peace building
Women’s proven role in conflict resolution makes the unique position of First Ladies even more important as agents for resolving conflicts in Africa. “Men make wars, women make peace. Women must therefore be included in peace making, peace building, conflict resolution, and reconstruction efforts,” African Development Bank (AfDB) president told guests at the inauguration of […]
Zimbabwe hosts Transform Africa Summit
The 6th edition of the Transform Africa Summit held in Victoria Falls, Zimbabwe has come to an end. Notable among the things that transpired during the summit is new memberships in the Smart Africa Alliance, namely The Kingdom of Eswatini which became the 37th member state of the alliance which celebrated its 10th anniversary this year. The Republics […]
