Increasing Exchange Rate Dumps Economy, Austerity Measures ‘Failing’

MFDP Minister Boima Kamara told FrontPageAfrica during an exclusive interview in late December 2016 that the government was finalizing plans to infuse US$5 million into the foreign exchange market. “So by next week or probably early – maybe going to the second week, there will be some intervention in the market for foreign exchange to the large businesses including small businesses,” the MFDP boss said on December 29. Sesay is confident that once Liberians importers get the adequate amount of US$ from the CBL, exchanging of money on the sidewalk will be control likewise the exchange rate. However, government continues to struggle to make changes that will relieve the pressure Liberians who are paid in Liberian dollar. "Reducing our trade deficit is at the heart of reducing our exchange rate, ensuring the existence of local factories; producing local goods would enable retention of the millions remitted to Liberia,” said political leader of Movement for Progressive Change (MPC).

January 19, 2017 01:16 UTC

Defiant Jammeh Scares Tourists To Flee -

Gambian President Yahya Jammeh looked determined to cling to power on Wednesday as his mandate came to an end, while tourists packed onto planes in an exodus sparked by the country’s state of emergency. Jammeh said Tuesday the emergency measure was necessary due to interference of foreign powers in the country’s December 1 election, which the president of 22 years lost to opponent Adama Barrow. Barrow, who is currently sheltering in neighbouring Senegal, maintains his inauguration will go ahead on Thursday on Gambian soil, putting the country on a collision course. Jammeh’s declaration immediately triggered travel advisory warnings by Britain and the Netherlands, with around 1,000 British tourists expected to leave on special flights on Wednesday alone. READ MORE OF THIS STORYSource: The Punch Online(Visited 49 times, 1 visits today)Commentscomments

January 19, 2017 00:05 UTC

Second Suspect Arrested In The Killing Of A Liberian Businessman In Charlotte -

By Ely PortilloCharlotte-Mecklenburg Police said Wednesday that they’ve arrested a second suspect in the killing of a 45-year-old man who owned an African food mart on North Tryon Street. Kotay owned Mina African Mart and was prominent in Charlotte’s Liberian community, family members said. On Wednesday, CMPD officers charged Shalom Quran Scott, 20, with murder, armed robbery and possession of a firearm by a convicted felon in connection with the case. Scott is the second person arrested in the killing; 19-year-old Desmond Black was charged with murder and robbery with a dangerous weapon on Friday. Police said they’re not seeking any further suspects in the killing.

January 18, 2017 23:27 UTC

Iran's Authorities Voice Protest Against US Presence at Syrian Astana Talks -

(Sputnik) —Ali Akbar Velayati, a top adviser of Iranian Supreme Leader Ayatollah Ali Khamenei, said that Iran is “strenuously opposed” to American presence at the talks, while Iran’s Supreme National Security Council Secretary Ali Shamkhani said that Americans will have a negative impact on the talks. On December 17, 2016, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan discussed the possibility of a meeting between the Syrian conflicting parties in Astana. Kazakh President Nursultan Nazarbayev supported the initiative and expressed readiness to provide a platform for such talks in the Kazakh capital. On January 17, Russian Foreign Minister Sergey Lavrov said Moscow considered it appropriate to invite representatives of the new US administration to the talks. READ MORE OF THIS STORYSOURCE: News Now/ Sputnik(Visited 5 times, 1 visits today)Commentscomments

January 18, 2017 23:00 UTC

Koiwood’s 2017 Representative Bid Swells, As Hundreds Express Support Through Petition -

The petition statement also catalogued the continuous support to upgrading the educational system through scholarship scheme for primary, secondary and University students as well as the construction of three schools and teachers quarter in Henry town by the lawmaker. The appreciation and petitioning was graced by women, youth traditional leaders, chiefs, elders and citizens from across and beyond the district. They recounted the provision of thirty generators at the cost of 13,000 United Sates dollars for the electrification of nine towns. Responding to the petition, Representative Koiwood described that move as push for him to even do better those who entrusted him with state power and have repose their confidence him again for a second term. Representative who also chairs the House Committee on National Security told the citizens he wholeheartedly received the petition and assured them he will not betray their trust and confidence place in him.

January 18, 2017 22:46 UTC

For The Cancellation Of ‘Three Days Free’ Calls, House Invites LoneStar-MTN And Others -

By: Eldred Wlemongar ThomasThe House of Representatives has taken a decision to invite and the Management of Lone Star Cell MTN Corporation, Board of the Liberia Telecommunication Authority, and the Liberia Revenue Authority over public reactions for the cancellation of its three day free calls promotion. Lone Star recently in one of its SMS messages to subscribers, said it was making some adjustments in its promotions due to the latest tax imposed by the Liberian Government. He pointed out that those officials also promised to continue their three-day free call promotion in the midst of the tax increment on GSM calls. It can be recalled Representatives Gray, Bhofal Chambers, Bill Twehway, Moses Kollie and Munah Pelhm-Youngblood voted against additional taxes on domestic calls when it was being debated at the lower House. According to our reporter, some of the aggrieved Lone star subscribers requesting that company return their units that were taken, while at the same time accusing the company of allegedly extorting money from them.

January 18, 2017 15:00 UTC

Joe Biden used his final speech as vice president to get harsh on Russia -

US vice president Joe Biden defended NATO, extolled the virtues of transatlantic cooperation, and took a firm stand against Russia in a speech at the 2017 World Economic Forum in Davos. With president-elect Donald Trump’s criticisms of NATO rattling Europe, Biden came to the military alliance’s defense. He argued that support for NATO was bipartisan, citing Republican senator John McCain as an example of someone whose support would be unwavering. The outgoing vice president also took sharp shots at Russia, claiming it was leading the efforts to dismantle the international liberal order. Biden warned that Russia would interfere in European elections this year, in an effort “to collapse the liberal international order” and argued that Russia’s vision of the future was a dark one.

January 18, 2017 13:44 UTC

UN Humanitarian Coordinator in Syria allocates $19 million for emergency response in Aleppo city -

The UN Resident Coordinator/Humanitarian Coordinator for Syria Ali Al-Za’tari approved US$19 million from the Syria Humanitarian Fund to sustain immediate life-saving and early recovery assistance for tens of thousands of people in Aleppo. “Families from east Aleppo are in desperate need of humanitarian assistance such as food and non-food items; and registration of birth, death, marriage and family papers and other legal services. This Syria Humanitarian Fund allocation is part of these efforts, and will finance immediate multi-sectoral assistance in all affected neighborhoods of eastern Aleppo, as well as to collective shelters and other priority areas in Aleppo city where internally displaced people are staying. In 2016, UN agencies and partners operating in Syria and cross-border disbursed more than US$220 million for programmes and services to people in need in Aleppo city, which includes US$14 million from the Syria Humanitarian Fund. The Syrian Humanitarian Fund is a multi-donor humanitarian pooled fund which has disbursed US$46 million in 2016 to UN agencies and international and national NGOs in Syria.

January 18, 2017 13:44 UTC

Before the Gamble in Gambia: Memo to PMB – By Cornelius SegunOjo -

— Napoleon Bonaparte (1769-182)The current political impasse in Gambia has placed a burden of history on Nigeria’s President MohammaduBuhari (PMB). Watching the video of his concession speech, President Jammeh appeared shocked, but nonetheless, he wore a brave face to accept his defeat and concede to his opponent. The pertinent question to ask is: why did President Jammeh reject the election results? Still, President Jammeh may have been confronted with credible proofs of electoral fraud both from his field managers and the security apparatuses. In the case that President Jammeh is removed violently and Mr Barrow is installed, the possibility is that he will be presiding over a dislocated and destroyed nation.

January 18, 2017 12:58 UTC

In An Attempt To Swim Across ‘Blue Lake’ CH Dweh Student Drowns -

Report from Bomi County, central Liberia says one of the students of the CH Dweh High School who had gone with his friends to wash their clothes in one of Liberia’s touristic sites; the Blue Lake got drawn after betting of his might to swim across the Lake. According to report, his colleagues who were on the scene when the incident happened alarmed, a situation that drew the attention of the County administration including the Joint Security to search for the missing student. After a thorough search, according to the Superintendent of the County Samuel Brown, the remains of the student was discovered in the Lake with no foul play, but said some parts of the missing student were reportedly eaten by some water creatures. Meanwhile, residents of the County have been warned to advice their children to keep away from the Lake, especially those who eager to swim in that touristic Lake, noting that it is dangerous for such purpose. (Visited 29 times, 1 visits today)Commentscomments

January 18, 2017 12:20 UTC

Enhancing Liberia’s Ports: NPA Embarks on Facelift Measures

The NPA Management concluded the procuring of marine crafts (Tug boats, Patrol Boats and Pilot boat) under the terms of the Kuwaiti Loan Agreement for the rehabilitation of the Greenville Port. It will improve safety of port users and addressed the perennial flooding within the port during the rainy season. Oversight of APM Terminals Phase 2 Landside ProjectThe NPA management is overseeing the implementation of the APM Terminals Phase 2 project which includes yard development and the construction of a headquarter office building. The project which is more than 50% complete as of today is expected to be completed and dedicated by mid-year 2017. It will also streamline the business processes and reduced the cost of doing business for port users that will enter one building and remained there until they complete business dealings with the NPA.

January 18, 2017 05:37 UTC

‘Unfulfilled Promise’ Incenses A.M. Dogliotti College of Medicine Students

Monrovia - Some students of the A.M Dogliotti College of Medicine, have expressed dissatisfaction over promises made by President Ellen Johnson Sirleaf to revamp the dormitory, pay their monthly stipends amongst many things. The medical students disclosed that currently the school has over 260 students who are discouraged by the empty promises made by the Liberian leader. The A.M. Dogliotti College of Medicine is the only medical college in Liberia and has over four buildings erected near the Atlantic Ocean. The field of specialty is limited at A.M. Dogliotti College of Medicine. At the same time, the classes ranging from first to fifth year are the largest in the Medical school history.

January 18, 2017 04:20 UTC

Massive Preparations in Bong County Ahead of Sulunteh Homecoming

Gbarnga, Bong County - Preparations are underway in Bong County for the return of Mr. Jeremiah Sulunteh, Liberia’s former Ambassador to the United States of America, Canada and Mexico. Meanwhile, in Sulunteh’s native county, Bong, there are ongoing preparations awaiting his return to the county. “Almost all of those contesting the 2014 election in Bong County are closed to me. When contacted, former Bong County Inspector, William Kollie, declined comment but referred our correspondent to Joko Kuyoun, former Bong County Cultural and Native Director. The President of the Bong County Motorcycle Union, Samuel Elliot, who described Sulunteh as “political heavyweight” of Bong County politics”, said the former Liberian Ambassador deserved to be welcomed because of his immense contributions to the development of Bong County.

January 18, 2017 04:04 UTC

Court Holds Darlington George Lawyers in Contempt

The court order comes out of the repeated absence from court the prosecution fourth witness, police officer Monroe Dennis who had failed to continue his testimony in the trial. On Monday, January 16 the two prosecution lawyers again told the court that its fourth witness Dennis was ill and could not appear again. Jonathan Massaquoi early Monday morning informed the court that witness Dennis was not ill and that the application made by the prosecution was intended to delay the trial. During the visit at the LNP Headquarters, the court’s staff discovered that witness Dennis was at work and not ill as reported by the prosecution lawyers. Due to his absence from court on Tuesday, January 17, Judge Nuta’s ruling at the adjournment of the case, imposing fine on the prosecution.

January 18, 2017 03:49 UTC

Liberia Revenue Authority Holds Forum on Transparency, Tax Purposes

Monrovia - Tax collectors in Liberia are participating in a three-day meeting of the global forum on transparency and exchange of information for tax purposes. The meeting is the 9th forum of the technical assistance on Round 2-Peer Review and Other Global Forum Initiatives. Liberia is committed to amending the applicable laws to meet the Global Forum standard on bearer shares including transparency of information and also to facilitate the exchange of information in tax matters. The key stakeholders collaborating on these critical national matters are the Law Reform Commission, Liberia Maritime Authority, Ministry of Finance and Development Planning, Liberia Revenue Authority, Ministry of Commerce, and the Ministry of Justice. “There are many advantages to the automatic exchange of information,” she added.

January 18, 2017 03:49 UTC

Trending Today