Inspiring Africa's Sustainable Business Growth
WEST AFRICA –African Development Bank Group has approved US$88.2 million in financing for the third phase of the Road Development and Transport Facilitation Programme for the Mano River Union. The Mano River Union is an international association initially established between Liberia and Sierra Leone in 1973 under the Mano River Declaration. The Mano River begins in the Guinea highlands and…
Read More
AFRICA – MTN Group has signed an MoU with Rakuten Symphony to conduct live 4G and 5G OpenRAN Proof of Concept (PoC) trials in three African countries. The trials, which are set to start later this year, will make use of Open RAN technology from the Rakuten Communications Platform (RCP), alongside advanced automation and autonomous network capabilities. MTN and Rakuten…
Read More
AFRICA – Kyle Kelhofer has been appointed as the senior regional representative of 5 sub – Saharan countries by The International Finance Corporation (IFC). Kyle Kelhofer will oversee operations of IFC, the private sector arm of the World Bank, in Benin, Ghana, Liberia, Togo, and Sierra Leone. He succeeds Nigerian Ronke-Amoni Ogunsulire in this position and will be based in…
Read More
LIBERIA – The World Bank has approved a US$40 million financing package to improve the investment climate, expand sustainable access to finance, and increase the efficiency of trade in Liberia. The financing package(US$20 million grant and US$20 million credit) will go to Liberia Investment, Finance, and Trade (LIFT) project as the first World Bank backed-projects in generations to improve the…
Read More
LIBERIA – The Board of Directors of the African Development Bank has approved a US$10 million grant from the Green Climate Fund, for which the Bank is the accredited agency, to improve Liberia’s early warning weather systems. The project will also receive US$431,969 from the Bank’s ClimDev Africa Special Fund and US$1 million from the government of Liberia. The project…
Read More
LIBERIA – The World Bank has approved a new financing to increase productivity and market access for smallholder farmers and agri-enterprises in Liberia. This new financing targets 60,000 persons, 50 percent of whom are women, mainly smallholder farmers and agri-entrepreneurs (private agribusiness investors, cooperatives, and SME processing or providing other services to agri-food systems) who are engaged in the selected value chains. Funded by the…
Read More
LIBERIA – International Rescue Committee (IRC) Liberia has received a US$17.8 million grant from the United States Agency for International Development (USAID), to support the government of Liberia’s National Community Health Program. The IRC has been working in Liberia since 1996 and has supported thousands of people whose lives and livelihoods are shattered by conflict and disaster to survive, recover…
Read More
WEST AFRICA – Escotel Mauritius, an energy services company, has secured a guarantee of up to US$25.6 million from MIGA, a member of the World Bank Group, to cover its investments in solar power generation in Sierra Leone and Liberia for a period of up to ten years. The MIGA guarantees provide protection to Escotel Mauritius against the risks of…
Read More
LIBERIA – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and Global Logistics Services (GLS) have signed an Engineering, Procurement and Construction (EPC) contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility (LISF) project. InfraCo Africa will be the majority shareholder in the project which will develop Liberia’s first open-access…
Read More
LIBERIA – The Liberia Telecommunications Authority (LTA) has granted a third mobile operating license to government-owned operator Liberia Telecommunications Corporation (Libtelco) to provide mobile voice and Internet services to the public. The licensing of a third operator is expected to strengthen competition in mobile telephony services in a market dominated by two foreign operators, Orange Liberia, a subsidiary of Orange…
Read More