Finance

Ecobank Confirms Theft at Kakata Branch

Officials at Ecobank have confirmed theft at one of its local branches in Kakata Margibi County, but said it was too early to say the magnitude of the theft.

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More Troubles At Ecobank

Just at the time ECOBANK is licking its wounds from series of theft that has rocked the bank in recent times through what seems to be an organized syndicate, depositors have began feeling the pinch with many complaining that amounts deposited in their accounts do not reflect.

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Another Theft at Ecobank Kakata

Another theft has been reported at the ECOBANK, this time at its Kakata branch, with reports that hundreds of thousands of United States dollars are being unaccounted for. Our reporter in Kakata say the theft appears to be a collaboration of an syndicate as there seems to be no visible sign of burglary.

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Ecobank: A Suspect At Large

As New Dawn continues its investigation in Sunday’s Ecobank’s misfortune, we have gathered that the Nigerian national whose store was used to burst into Ecobank office has taken to his heels.

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Fears Grip Customers

The persistent burglaries engulfing Ecobank-Liberia may just be diminishing its credibility. News reports of Sunday’s burglary at Ecobank-Paynesville and the disappearance of US$40,000 from the bank’s Sinkor branch recently may also be enough to begin scaring customers.

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Ecobank Burst Into

A branch of Ecobank-Liberia in the commercial district of Paynesville, Redlight, outside Monrovia was a scene of dramatic act Sunday afternoon, as hundreds of curious Liberians gathered before the bank, after it was discovered that criminals burst into its vault, making away with at least US$200,000.

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ADB VP Due in Liberia Aug. 25

A six-man high level delegation from the African Development Bank will pay an official visit to Liberia beginning today. The delegation will be headed by the Vice President of the African Development Bank Dr. Kamal El Kheshen. Dr El Kheshen oversees the implementation of the ADB’s Fragile State Facility, the Governance, Economic and Financial Reforms Department as well as the Agriculture and Agro-Industries Department.

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MoF Begins Payment of Domestic Debt

The Ministry of Finance in a press release on Tuesday, announced that it will this week begin the payment of domestic debts to local vendors and the payment of salary arrears to officers and enlisted men of the former Armed Forces of Liberia.

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Liberia Ranks 8th In World's Worst Economies

Liberia is ranked eighth place amongst the world worst economies, with Ghana at first place, Burundi six, Zimbabwe bottom and Nicaragua, the only Latin American country at 5th place, a new survey has revealed.

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Commercial Activities Stalled At Liberia/Guinea Borders

Cross-border commercial activities in Yealla, Zorzor District in Lofa County have, for nearly a month now, been stalled. As a result, vehicular and human movements are not possible, while security operations have become dysfunctional on both sides of the two Countries.

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