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Africa Business News

Liberia Tender and Business News

New Financing Approaches Spur Development in Africa

The Henri Konan Bédié Bridge, a span over the Ébrié Lagoon linking the north and south of Abidjan, Côte d’Ivoire’s main city, was completed just a few years ago. It would not have been possible without a new category of financing provided by a combination of private capital and development bank funds.

Liberia Provides Training to Young Agribusiness Entrepreneurs

Last week 129 young entrepreneurs in Liberia went through formal entrepreneurship training provided courtesy of the African Development Bank. The event was focused on training on the agriculture value chain, and was held from August 28-31, 2017.

African Innovation Foundation Award Winners Announced

The African Innovation Foundation (AIF, www.AfricanInnovation.org) just announced the prize winners for the 6th edition of the coveted Innovation Prize for Africa (IPA, http://InnovationPrizeForAfrica.org). Innovators from Egypt, Uganda and Liberia won the top three awards.

African Women Leaders Network Formed

The formation of the African Women Leaders Network, a major new initiative with the goal of enhancing the leadership of women in the transformation of Africa, was just announced by co-founders UN Women, the African Union Commission and the Permanent Mission of Germany.

Israel Pledges $1B for Green Energy Projects in West Africa

The Economic Community of West African States (ECOWAS) and the State of Israel just signed a Memorandum of Understanding to advance green energy projects across ECOWAS's 15 member states. It includes a commitment to invest $1 billion for those projects via Energiya Global, Israel's largest solar developer.

EU Provides Liberia with EUR 35M Grant for Agricultural and Administrative Support

Liberia is receiving an important grant in support of agricultural development and the General Auditing Commission (GAC). The European Union (EU) is donating EUR 35 million, with a focus on coca, fisheries, food, and nutrition security in the face of climate change and drought, and also to help implement the Country's own Agriculture Transformation Agenda.

Canadian Overseas Petroleum's Mesurado-1 Well Off Liberia At Final Depth

Calgary-based Canadian Overseas Petroleum Limited, an international oil and gas exploration and development company with West Africa as a focus, just announced that its Mesurado-1 well located about 50 miles offshore Liberia had reached its final total expected drilling depth on December 17.

Liberia's Mount Coffee Hydropower Plant Now Operational

Thanks to funding from the U.S. Government through its $257 million Millenium Challenge Corporation's compact with Libera, as well as from other partners supporting, the Mount Coffee Hydropower Plant is now rehabilitated and is providing an additional 22 megawatts of power. The first turbine just switched on as part of a startup ceremony.

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