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Liberians  Frustrated by China Union’s Woes

Business
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Despite the quest of the government and the people of Liberia for more foreign direct investments in the country in order to earn revenue and improve the living conditions of citizens, residents of Bong Mines, a former mining area of the Bong Mining Company (BMC) now operated by China Union, have described the Chinese company’s US$2.6 billion investment as unhelpful to them. Residents of Bong Mines made the assertion  recently  said it was unfortunate to have such a huge investment without any impact in the life of the people. The government of Liberia in 2010 signed a 25-year mining agreement with China Union valued at 2.6 billion, to the delight of President Ellen Johnson Sirleaf and other government officials as well as residents of the…

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President Weah Hails US Govt.

African Politics
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  President Weah shakes hands with the head of the visiting US Congressional Delegation Rep David Price Photo Credit: EXECUTIVE MANSION PHOTO Monrovia, Liberia:  The President of the Republic, H.E. Dr. George Manneh Weah, on Wednesday, October 9, 2019, praised the United States Government for its substantial support towards Liberia’s democratization and peace over the years. Welcoming a US congressional delegation visiting the country at his Ministry of Foreign Affairs office, the Liberian leader underscored the United States’ continued efforts in strengthening Liberia’s democracy and maintaining peace. He said Liberia holds the United States in high esteem as a traditional friend and one of Liberia’s biggest development partners, adding, “We, Liberians, cherish our historic ties with the United States and are proud of your support”…

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Senate Passes  60 Bills

african Politices
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” Senetor, Albert Tugbe Chie,President Pro Tempore of the Senate has announced the passage of approximately 60 bills, during the 2nd Session of the 54th Legislature. Of the total number of bills passed, 45 consisted of Senate’s engrossed bills, 15 bills that originated from the House of Representatives. During his annual session’s closing statement, Pro Tempore Chie recalled the Senate’s concurrence with the House of Representatives on the passage of the 2019/2020 National Budget of US$526 million, which marked a significant decrease over the 2018/2019 budget. “It is our belief that this is a realistic budget that can be executed with predictability and efficiency, to prevent or minimize the perennial problem of budget shortfall; this budget will also facilitate the acceptance of our country into…

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 As GoL approves US$500k for development of cocoa sector

Economy
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Cocoa Regulations Revised to Suit Local Exporters     Dr. John S. Flomo, Director General of the Liberia Agriculture Commodities Regulatory Authority (LACRA), has spoken of changes in the controversial cocoa regulations governing the sector. Dr. Flomo made the disclosure recently on the talk show of a local radio station in Monrovia. The cntroversial cocoa regulations have gone through serious criticisms in recent time by cocoa farmers and stakeholders with concern that the regulations were not in the interest of the many actors in the cocoa sector. The Senate, in August 2019, instructed the LACRA director general to consider reason to revise the policy when he appeared before that august body. Cocoa exporters, smallholder farmers and development partners had earlier proposed amendments in the policy…

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corruption will continue undetected unless the US adopts a strong oil and gas anti-corruption  LAWs 

Anti Curroption
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    In 2013, under  former  Secretary of State Rex Tillerson’s leadership as CEO, Exxon paid $120 million for a West African oil block the company knew was tainted by corruption. Read the entire report via Global Witness’ website here.  It   been  has uncovered  that US oil giant Exxon’s complicity in oil sector corruption in Liberia, with the purchase of an oil block the company knew was tainted by corruption. Global Witness warns that corruption will continue undetected unless the US adopts a strong oil and gas anti-corruption rule to implement Section 1504 of the Dodd-Frank Act. “Exxon and its lobbyists have spent the past 10 years fiercely fighting oil and gas transparency laws in the US,” said Stefanie Ostfeld, Deputy Head of Global Witness’ US office.…

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AMARA  Kanneh IN CORRUPTION WEB

Anti Curroption
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  Liberia is a beneficiary  of over 16 billion USD  investment into its economy  by foreign investors, the Country received such  funds  under t he leadership of former president Ellen Johnson Sirleaf and Amara  Kanneh who was  also finance minister when the country had these investment. It  is reported with documents that  Mr. Kanneh  served as a source  for Mrs. Sirleaf  illegal  funds transferred    from  Liberia. According to UK base Expose Corruption Media Kanneh also received  13million united state dollars from  the  European union up tell   now the former finance minister have not giving  account  of  the amount and has not been  charge for corruption   because the amount was divided between  former president Sirleaf and  Amera Kanneh. Former minister Kanneh according to report   experie…

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gov’t will go after “those who incite people to protest”

Definse
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  President George Weah Administration is not weak to defend its citizens and foreign residents. the minister of informayion  Eugine Nagbe  comment was in reaction to a demonstration held recently on october  4, 2019, in the courtyard of the St. Joseph Catholic Hospital, where a crowd had assembled to demand the smooth passage of a rape victim, Jestina Kumba Taylor, to the United States Embassy, for a visa appointment. Though the situation was calmed later in the afternoon following the intervention of some stakeholders, who also turned Ms. Taylor over to officials from the Independent National Commission on Human Rights, Minister Nagbe declared that, going forward, “the government will not encourage any protest that  undermine the peace and democracy of Liberia.” He spoke at the…

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Senate Agreed with House on US$526M National Budget

Economy
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The Senate recently, through a unanimous vote of standing, concurred with the House of Representatives to pass the 2019-2020 National Budget at US$526 million, which is worth the equivalent of L$109,408,000,000 at an average rate of L$208 to US$1. The chair of the Senate Committee on Ways, Means, Finance and Budget, who briefed the plenary as to the formulation and analysis of the budget, said it engaged the Ministry of Finance and Development Planning (MFDP), the Liberia Revenue Authority (LRA) and other major stakeholders to jointly scrutinize the proposed National Budget for fiscal year 2019-2020. “The joint committee after the analysis of the proposed budget, which the Executive submitted, arrived at the current budget as follows: Expenditure, Legislative Recast; Compensation, US$296,992,913; Use of Goods and…

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Israel to boost Africa ties

Developmen
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  ‘Africa is coming to Israel and so is the entire world,’ PM tells  ptresident   George Weah Liberian President George Weah speaks during a soccer event in Jerusalem on February 27, 2019. (Noam Revkin Fenton/Flash90) Liberian President George Weah met Friday in Jerusalem with Prime Minister Benjamin Netanyahu, who has made strengthening ties with Africa a foreign policy priority. “I have met him many times and I said that I would invite him to Israel when he is president and I have kept my promise,” Netanyahu’s office quoted him as saying after their meeting. “I told him that the next time he comes maybe we will play a little football but beyond this we are cooperating in an outstanding manner,” he added, referring to Weah’s…

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‘ECONOMIC CRIMINALS’

Economy crime
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    ‘ECONOMIC CRIMINALS’ A COMPLETE LIST AND PUNISHMENTS AS PRESCRIBED BY THE TRC The establishment of War and economic crimes courts in Liberia has gained strength. But the begging question is while most people are shaming and naming alleged war criminals, who are those listed by the TRC as economic criminals? And what are penalties prescribed by the TRC for their alleged actions? Concord Times gives you details of what constitutes economic crimes, names of the accused and penalties as recommended by the TRC. What constitutes Economic Crimes? According to the TRC final report, an economic crimes is any prohibited activity committed for the purpose of generating economic gain or that in fact generates economic gain by persons and actors whose economic activities contributed…

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