Liberia: Latest News

  • Panama Papers: Liberia Defends Its Record As A Tax Haven

    Panama Papers: Liberia By Dana Sanchez, 2:22 pm

    Liberia does not conform to the definition of a tax haven and is not considered one by France and the U.S., the Liberian government said in response to a report last week that the West African country is about to be blacklisted on an E.U. tax haven blacklist. While the E.U. collects information on how its member states view other jurisdictions, it has not engaged in any action against tax havens. In response to the Panama Papers data leak, that may change. Three out of four companies doing business with World Bank funds in sub-Sahara used tax havens, according to anti-poverty group Oxfam.

  • Liberian Soccer Legend George Weah To Launch Second Presidential Bid

    George Weah By Kevin Mwanza, 9:22 am

    Liberian soccer legend George Weah has told africanews. that he will run for president in 2017. Weah is expected to accept a petition by supports of Liberia’s main opposition party Congress for Democratic change (CDC) on Thursday, Voice of America reported. He is the leader of CDC, which he formed 11 years ago. He first ran for president in 2005 and came second to President Ellen Johnson Sirleaf. In 2011, he ran as a vice president to Winston Tubman

  • FIFA President Infantino Wants More African WC Spots

    FIFA President Infantino By Peter Pedroncelli, 5:52 am

    New FIFA president Gianni Infantino has suggested that Africa should receive two more World Cup qualification spots if his plan to expand the flagship competition from 32 to 40 teams is successful. Swiss UEFA Secretary General Gianni Infantino was elected as the new FIFA president at the end of February, and began working for world football’s governing body with immediate effect.

  • What The Media Don’t Tell You: Despite The Negativity, Southern African Economy Grew In 2015

    Southern African economy grew in 2015 By Dana Sanchez, 5:35 pm

    Mauritania had the steadiest and fastest growth in the North Africa region in 2015, supported by sound macroeconomic and structural policies, the U.N. reported. Angola showed strong GDP growth despite low oil prices as the government invested in strategic non-oil sectors such as electricity, construction and technology. Guinea and Liberia returned to positive growth following the Ebola outbreak. Most countries in Central Africa maintained relatively high growth. Mozambique and Zambia recorded the highest growth in Southern Africa.

  • Who Gets A $1B Line Of Credit? Akon Woos Middle East Investors For Solar Lighting Africa Business

    Akon in Pahou, Benin By Dana Sanchez, 4:30 pm

    The working arm of Akon Lighting Africa worked out a deal with Chinese suppliers for a $1 billion line of credit. Akon and partners use this money as part of a financing package to offer to African governments as they bid for contracts or tenders. “Until now, we have used $240 million out of the $1 billion that we have at our disposal. We are present in 14 countries and want to expand into an additional 30 countries very soon,” a partner said. The know-how already exists to power Africa, Akon said. What’s still needed is greater technical innovation and more creative financial models. Akon is looking to the Middle East for that.

  • Cost Of Ebola: How The Disease Damaged The Entire African Economy

    cost of Ebola By Staff, 11:01 am

    Only five of 54 African countries reported an actual case of Ebola. The IMF cut its growth forecast for sub-Sahara from 5.5% to 5% citing economic spillovers from the edpidemic. The recent Zika outbreak is a reminder of the cost of major outbreaks. Travel bookings to African countries thousands of kilometers from Ebola fell up to 70 percent,. The ones hardest hit will take decades to rebuild. Even African football was affected.

  • 12 Of The Most Influential Female Politicians In Africa

    By Keren MikvaAFKI Original

    As chief prosecutor for the International Criminal Court since June 2012, Gambian Fatou Bensouda has been credited with changing the face of the embattled institution. Taking over from the highly criticized Luis Moreno Ocampo, Bensouda doesn’t shy away from difficult cases. She seeks to restore the integrity of the ICC and is pursuing a case against the president and vice president of Kenya for their alleged roles in violence following the 2007 election.

  • MTN May Shut Down In South Sudan, And It’s Not Alone

    By Dana Sanchez, 3:10 pm

    Africa’s No. 1 mobile services provider MTN has about 1 million subscribers in South Sudan and that’s shrinking. The company invested $170 million there the past two years and said it hasn’t seen a profit. It’s not the only company pulling back or pulling out of South Sudan. SABMiller said it planned to close its brewery in South Sudan due to difficulties securing foreign exchange to buy raw materials. The third biggest crude oil producer in sub-Sahara, South Sudan isn’t just losing companies. People are leaving the country in search of food.

  • Luxury Car Thieves Sentenced: They Stole In New Jersey And Shipped To West Africa

    Carjacking Ring That Ships Stolen Luxury Cars To West Africa By Staff, 11:42 pm

    They targeted high-end vehicles like luxury SUVs made by Land Rover, Mercedes Benz, BMW, Honda, Porsche, Jaguar and Aston Martin. They would load the cars into shipping containers, which were taken to ports for transport by ship to West Africa. In West Africa, luxury vehicles command prices higher than the new market value in the U.S. The gang of car thieves had many methods of stealing the vehicle, prosecutors say.

  • Opinion: In The Business Of War, Mercenaries Are Responsible For Most African Conflicts

    mercenaries are responsible for most African conflicts By Dana Sanchez, 1:47 pm

    There was no public outrage when Nigeria, the most powerful military in West Africa, brought in mercenaries to do, in a matter of weeks, what the government failed to do in six years. They chased Boko Haram out. “That shows you what the U.S. and Great Britain have done in terms of normalizing the use of paid military companies,” said a former mercenary in Africa who now teaches at U.S. universities. Still, mercenaries are often viewed negatively and are connected to some of the worst violence in Africa.

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