<< Back             Poser >> Liberia signs deal to build airport city A new deal has been reached to transform Liberia’s International Airport into a modern airport city. Margibi County, Liberia, May 9, 2025-The Liberia Airport Authority (LAA), in partnership with the Liberia Special Economic Zones (LSEZ), has signed a Memorandum of Cooperation (MoC) to establish the country’s first Airport Special Economic Zones (ASEZ) at Roberts International Airport (RIA), marking a major milestone in the Government of Liberia’s infrastructure-led development strategy. The signing ceremony, held Thursday, May 8, 2025, at Roberts International Airport in Margibi County, brought together key executives from both institutions and underscores the government’s commitment to transforming the aviation sector into a powerful engine for economic growth and diversification. The ASEZ initiative is designed to convert designated airport lands into modern business and industrial hubs that promote light manufacturing, logistics, infrastructure development, and commercial activity. The zones are expected to boost foreign direct investment (FDI), generate new jobs, and stimulate sustainable economic growth in Liberia and the broader West African region. “This agreement lays the foundation for a vibrant airport city,” said Mr. Jero Mends-Cole, Managing Director of the Liberia Airport Authority. “By designating airport lands as Special Economic Zones, we’re creating a space that attracts investment, drives economic diversification, and enhances Liberia’s position in regional and global markets.” The MoC represents a joint strategic effort to leverage Liberia’s unique geographic advantage and existing airport infrastructure to establish a globally competitive economic zone. “Liberia’s geographic position offers a gateway to West Africa,” said Hon. Prince A. Wreh, Executive Chairman of the Liberia Special Economic Zones Authority. “This initiative leverages that strength, alongside our airport infrastructure, to create an environment that supports trade and sustainable economic activity across the region.” The launch of the ASEZ initiative coincides with the Liberia Airport Authority’s upcoming modernization program for Roberts International Airport. Planned infrastructure upgrades include, Modernized terminal facilities, Enhanced runway and taxiway conditions, Upgraded firefighting and safety systems, Improved power supply infrastructure, and Deployment of advanced aviation technologies. These developments are expected to improve operational efficiency, increase passenger and cargo capacity, and create a more attractive and competitive investment climate. The Liberia Airport Authority remains committed to playing a central role in Liberia’s economic transformation by developing airport infrastructure that supports trade, investment, and regional integration. The New Dawn Liberia	COCOBOD anti-smuggling unit arrests four suspects, impounds over 100 bags of beans  The Anti-smuggling unit of the Ghana Cocoa Board in collaboration with security operatives has arrested four suspects for their involvement in the smuggling of more than 100 bags of cocoa beans from Ivory Coast to Ghana. Ghana moves toward interest-free banking as local lenders seek licences Ghana is moving closer to introducing non-interest banking, as at least one indigenous lender has formally applied for a licence, signalling early domestic uptake of the model. ECOWAS condemns terrorist attacks in Mali The Economic Community of West African States (ECOWAS) has condemned the terrorist attacks that occurred on Saturday, April 25, at several localities in the Republic of Mali. NGA Charts Path to Investment,  Regulatory Clarity in Gas Sector  The Nigerian Gas Association (NGA) successfully convened the maiden edition of its Legal Forum, delivering a landmark platform that is set to redefine the role of legal and regulatory frameworks CBN warns of rising fraud targeting bank accounts By Elizabeth Adegbesan The Central Bank of Nigeria (CBN) has alerted the public to a surge in fraudulent messages and cyberattack attempts targeting personal bank accounts. In a statement issued yesterday, the apex bank, through its Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, said the scams involve emails, messages, and online content falsely claiming to […] Foreign inflows jump 78% on NGX amid rising outflows By Peter Egwuatu The Nigerian Exchange Limited (NGX) recorded a significant shift in foreign investment activity in the first quarter of 2026, Q1’26, as foreign inflows surged by 78 per cent to N393.68 billion, up from N221.62 billion in the corresponding period of 2025. The increase signals renewed investor interest in the market. However, the rise […]