Month: July 2018

Remembering Nelson Mandela—An Inspirational Leader

By Joe Bartuah Yesterday and today in South Africa–the Rainbow Nation—as their late president famously tagged it—dignitaries and ordinary citizens from around the world are joining hundreds of thousands of South Africans for their highly anticipated Global Citizens Festival, in commemoration of the 100th anniversary of the birth of their late President, Mr. Nelson Rolihlahla Mandela. From all indications, the festivities are definitely star-studded. Perhaps because President Mandela, a Nobel Peace Prize laureate, was a renowned champion of diversity, the organizers of the event prudently selected former United States President Barack Obama, a gentleman whose presidency singularly marked an...

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Liberia: A Country on the Brink of Total Socioeconomic Collapse

By Moses Uneh Yahmia Everywhere in Liberia, the social crisis has reached its terminal stage. There is massive unemployment with no prospect of increasing the productivity of labor through productive economic activities in key sectors of the economy. The living standards of the mass of people cannot withstand the shock being produced by the general rise in the prices of goods and services. The low supply of foreign currency in the economy has made the Liberian dollars a mere paper on the desk of a public school teacher. Due to lack of productivity in the industrial sector of the...

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Which way for the Liberian People?

As Prayer increases in Arithmetic Mean, Hardship increases in Geometric Mean—which way for the Liberian People? By Alfred P.B. Kiadii In the wake of the geometrical progression of the exchange rate, compounded by the worsening living standards in the homeland, a looming crisis is on the horizon in Liberia. However, our friends on the campus in the geographic propinquity of Bernard Beach are either on “jolly jolly” or watching television soap opera, or in the state of denial. At least the ordinary people, who learn from experience, are seeing through the scheme and thus disassociating themselves from the so-called...

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China’s role in tackling Africa’s infrastructure deficit

BUILDING COMPETITION: How to separate the myths and realities of China’s role in tackling Africa’s infrastructure deficit Chinese president Xi Jinping is visiting a number of African countries this week. This brings up the usual debates about Chinese activities in building and financing infrastructure in Africa and whether China is ultimately good or bad for the continent. China’s investments in Africa are already huge, it was the fourth largest foreign investor in Africa spending about $40 billion in 2016, according to UNCTAD’s World Investment 2018 report (pdf, page 38). It came behind the US ($57 billion), the UK ($55...

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Liberia’s Economic Crisis: Ministry of Finance Asks USAID for Help

MONROVIA: Liberia’s Ministry of Finance and Development Planning (MFDP) has requested support from USAID/Liberia to conduct an “Assessment of the Liberian Economy” to determine the issues and challenges impacting the exchange rate. Liberia’s MFDP is seeking immediate help from the U.S. government to provide recommendations which include short-term, medium-term and long-term solutions. The Government of Liberia Needs Help – Perhaps Liberians Should Stop the Criticisms and Help! Description of the Issues According to USAID, Liberia is going through an accelerated depreciation of its currency and has seen significant uptake in inflation. These events are causing concerns amongst many Liberians including...

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