Businessman Gets Ld1m From Cellcom

By Jefferson D.Tweh A businessman residing in the Paynesville Community, Montserrado County, Mr. Melvin Dolo, has won One Million Liberian Dollars from Cellcom Millionaire Campaign yesterday. Mr. Dolo was given one Million Liberian dollars check yesterday by the Management of Cellcom at the main office in Monrovia. Meanwhile, Mr. Dolo said he was very joyful to the Almighty God for the wonderful thing that has happened in his life and

Ecobank Identifies With Public Schools

Ecobank Liberia Limited on October 5, 2013 joined other affiliates of Ecobank the world over to celebrate the 25th Anniversary of Ecobank Transnational Incorporated (ETI), the parent body of Ecobank Liberia. Ecobankers in Liberia devoted the day to hands-on activities by involving in community service through the painting of several public institutions and donation of assorted learning materials. Mr. Steve Howard, Head of Corporate Bank at Ecobank Liberia Limited, at

World Bank Approves US$45m To Support Electricity...Dedicates Several Projects In Lofa

The World Bank Board of Executive Directors has approved two International Development Association (IDA) credits totaling US$45 million to support the Government of Liberia’s new strategy to expand electricity coverage by 2030. Speaking at the third Quarterly Media Dialogue of the World Bank Liberia Country Office, Ms. Inguna Dobraja, Country Manager of the World Bank disclosed that the amount is also intended to improve maternal health, child health and infectious

"Do Responsible Reporting"...CBL Governor Tells LEJA

By Alva M. Wolokolie The Executive Governor of the Central Bank of Liberia (CBL) Dr. J. Mills Jones has encouraged members of the Liberia Economics Journalists Association (LEJA) to put their facts in a proper perspective and do responsible reporting when writing any story. Governor Jones told reporters that they should be obliged to balance a story before releasing it to the public because the Liberian people deserve to hear

Mobil Money Launch At GT Bank

By Alva M. Wolokolie Guaranty Trust Bank Limited (GT Bank), one of the leading financial service providers in the country and other parts of West Africa has officially begun the transaction of Mobile Money in partnership with Lonestar Cell MTN. At the official launch of the GT Bank to Mobile Money Platform yesterday, the Managing Director of GT Bank Liberia Mr. Dan Orogun said the official launch of Mobile Money

UBA, Others Raise US$25m Loan For LoneStar Cell

United Bank for Africa Liberia Limited and UBA Plc together with 3 other banks, syndicated a Medium Term Loan Deal of USD$25 Million for Lonestar Communications Corporation aka Lonestarcell MTN.The 3 other banks are Ecobank Liberia Limited, Liberia Bank for Development & Investment and Guaranty Trust Bank Liberia Limited. The signing ceremony of the Finance Document for the US$25 Million Medium Term Loan, took place in Mamba Point Hotel, Monrovia.

CBL Empowers Liberian Marketers...Announces Payment Of Loans Given Liberians

The Central Bank of Liberia (CBL) has given a soft loan of L$23m to the Liberia Marketing Association (LMA).   The L$23m loan package will be spread to all the organization’s branches in the fifteen political sub-division of the country. Additionally, the CBL has also announced that L$ 75,000.00 each is being made available to LMA branches in the fifteen counties of Liberia as fund set aside to manage the L$23m

Big Korean Investment Underway

By C. Winnie Saywah A delegation of Korean businesses referred to as Make Group or Make Holding Limited is currently in the country and is carrying out consultations with the Liberian government to invest in the construction of an industry complex which will be the largest on the continent. Outlining plans already packaged by Make Group, the chairperson of the Make Group Proprietor, James Juhee Han said the delegation has

US$300,000 Scandal Hits Global Bank

By Charles B. Yates What appears to be a criminal syndicate has hit the Nigerian run Global Bank in Liberia; thereby making the bank vulnerable to bankruptcy. Over US 300,000 has reportedly vanished from the vault of the bank. Investigation by this paper has uncovered that the amount in question got missing since March this year and the bank’s management concealed the information from the public so as not to

CBL Launches Payment System Project

By: Antoinette Sendolo (Intern) The Central Bank of Liberia has embarked on the West African Monetary Zone (WAMZ) payment system development project implementation. The project is aimed at putting Liberia’s banking system on par with other African countries. This project also seeks to prepare the transition of a single currency in the West African Monetary Zone by 2020. The WAMZ project is being implemented in four African countries across the