Author: Lawrence Kennedy

Tourism and Economic Growth in Liberia: Supporting Musons Group, Inc and the Assistant Minister for Tourism

Introduction In ten consecutive annual messages, former President Ellen Johnson-Sirleaf made assurances to the Liberian people that she would expand and diversify the Liberian economy by shifting focus from its dependency on the extractive industries[1] to other potential revenue-generating sectors including tourism. From 2014 – 2016, the Government of Liberia embarked on a five-year strategic plan called the Liberian National Export Strategy on Tourism (LNEST). The project was prepared with technical assistance from the International Trade Center and financial support from the EIF. The project was spearheaded by the Information Minister and the Minister for Commerce. While the strategy...

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The top 4 issues President-elect Weah of Liberia will face

(Globe Afrique) Without a doubt, President-elect George M. Weah of Liberia will face a host of economic and social issues as he accepts the office of President of Liberia. From an anemic economy to a rising national debt, high unemployment, and a weak health care system, inadequate education system, food insecurity, border protection, and of course, the development killer – corruption. Compound these challenges with the fact that the first year of any new African President’s administration is chaotic, especially one with a coalition of political parties. To help the new government, patriotic legislators will have to do the...

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Bitcoin Ramps Up As Crisis Extends in Zimbabwe

Bitcoin prices have topped $10,000 over the past week, fueled by soaring demand and particularly, the crisis brewing in Zimbabwe.  People around the world, especially in Africa, recognize the value of virtual currency when there’s a lack of trust in  their government.  Back in 2009, the same year bitcoin was created, Zimbabwe gave up its currency after several unscrupulous politicians thought they could continue printing money to get the economy out of a slump. Back then, the Reserve Bank of Zimbabwe began issuing $100,000,000,000,000 during the last few days of hyperinflation. Today, Zimbabwe uses the U.S. dollar, the South African...

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U.S. Foreign Corrupt Practices Law Snags Retired U.S. Army Colonel

WASHINGTON — Lately, the United States’ Foreign Corrupt Practices Act has been a significant enforcement priority of the U.S. Department of Justice. Globe Afrique’s research shows that there are presently a large number of active investigations underway. In one active case, a retired U.S. Army colonel was charged in an indictment on October 4, 2017, for his alleged role in an international bribery and money laundering scheme connected with a planned $84 million port development project in Haiti.  The Foreign Corrupt Practices Act is definitely the treasure within the crown of the United State’s battle against foreign business corruption. The...

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Developing Liberia’s Financial System

The need to develop Liberia’s financial system should be on the mind of every presidential candidate. Unfortunately, only a handful out of the dozens of presidential candidates appear to have the financial or economic perspicuity to offer a sound policy to develop the financial system. How do we develop the financial system? There are six parts to a fully functional financial system, each of which will play a foundational role in Liberia’s economic model. Those parts are money, financial instruments, financial markets, financial institutions, government regulatory agencies and the Central Bank of Liberia (CBL). We use the first part...

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George Weah First 100 Days

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Date: FEBRUARY 10, 2018

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