Monthly Archives: June 2018

President Weah Submits Bill For African Export-Import Bank

The Plenary of the House of Representatives has mandated its Committee on Banking and Currency and Judiciary to scrutinize a legislation seeking the establishment of the African Export-Import Bank (AFREXIMBANK) in Liberia. “I am pleased to resubmit to your Honorable Body for ratification a bill titled: An Act ratifying the agreement for the establishment of the African Export-Import Bank (AFREXIMBANK),

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CBL Places Five ‘Troubled’ Insurance Companies On Radar

The Central Bank of Liberia (CBL) has placed five insurance companies under provisional administration. The companies, according to CBL assessments, have significant capital deficits and have consistently fallen below the capital requirements for licensed insurance companies since the first quarter of 2017. The CBL named the affected insurance companies as African Insurance Corporation of Liberia (AICOL), Capital Express Assurance Company

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Legislative Joint Budget Committee Ends Budget Hearing

Members of the joint budget committee today adjourned the budget and expenditures hearing of ministries and agencies. The budget and expenditures hearing is intended for government institutions to explain and defend additional funding allotment in the last and current budget year. According to the chairman of the Joint Budget Committee, District # 5 Rep. Thomas Fallah, most government institutions heads

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