President Joseph Nyuma Boakai, Sr., accompanied by Mrs. Kartumu Y. Boakai and other members of the Liberian delegation, arrived in Beijing, China earlier today, September 4, 2024.

The delegation was warmly welcomed upon arrival at Beijing Capital International Airport by an Honor Guard, high-level officials of the Chinese Government, and with captivating Chinese cultural performances.

This official visit marks an important milestone in the bilateral relations between Liberia and China and Liberia’s participation at the Forum On China-Africa Cooperation (FOCAC).

President Boakai and delegation’s visit and participation aimed at strengthening the strategic partnership and exploring avenues for increased cooperation in areas such as agriculture, trade, investment, infrastructure, education, technology, electricity, and cultural exchange.

During the visit, President Boakai is scheduled to hold high-level talks with his Chinese counterpart, the President of China, H.E. Xi Jinping, and other business leaders, participate in business forums, and engage in various cultural and diplomatic activities aimed at deepening the bond between the two nations.

The President’s Official Delegation includes: Mrs. Kartumu Y. Boakai, First Lady, Honorable Sara Beysolow Nyanti, Minister of Foreign Affairs, Honorable Sylvester Grigsby, Minister of State for Presidential Affairs, Honorable Mamaka Bility, Minister of State Without Portfolio, Dr. Alexander Nuetah, Minister of Agriculture, Honorable Amin Modad, Minister of Commerce, Honorable Roland L. Giddings, Minister of Public Works, Honorable Wilmot Paye, Minister of Mines and Energy, Honorable Jerolinmek Piah, Minister of Information Cultural Affairs&Tourism, Honorable Dehpue Y. Zuo, Deputy Minister for Economic Management&Planning, Ministry of Finance Development Planning, and Honorable Sarh Johnny and Morley Kamara, Senior Economic Advisers to the President.

Other members of the delegation are: Honorable Jeff Blibo, Chairman, National Investment Commission, Honorable Sekou Dukuly, Managing Director, National Port Authority, Cllr. Neto Z. Lighe, Commissioner, Liberia Maritime Authority, Honorable Abdullai Kamara, Acting Chairman, Liberia Telecommunication Authority, Honorable Eugene Fahngon, Director General, Liberia Broadcasting System, and Honorable Prince A. Wreh, Executive Chairman, Liberia Special Economic Zones Authority.

Additionally, the President is accompanied by support staff, protocol and communication assistants, security personnel, and other key personnel.

The Liberia Chief Executive looks forward to further solidifying the longstanding friendship with China and seeks to leverage this visit to explore new opportunities for mutual growth and development.

Distributed by APO Group on behalf of Republic of Liberia: Executive Mansion.

President Joseph N. Boakai Sr. has reiterated his commitment to regulating and capping the salaries and benefits of executives and board members of State-Owned Enterprises (SOEs).

The President emphasized the need for compensations to be in line with the economic realities of the country, signaling a significant step towards ensuring probity, the judicious use of public resources, transparency, and accountability within the public sector.

President Boakai spoke when he received a comprehensive report from the Bureau of State Enterprises (BSE), which outlined the outcomes of a thorough review of remunerations, stipends, and operational inefficiencies across various state-owned enterprises.

The report brought to light the lack of coordination between SOE Boards and management, prompting a call for the development of a regulatory framework to govern the SOE sector.

Expressing his appreciation for the diligent work of the BSE, President Boakai thanked Managing Director Arthur Massaquoi for the insightful report.

He recognized and empathized with the legitimate concerns of Liberians regarding financial mismanagement inefficiencies and waste within SOEs, signaling a proactive approach to addressing these issues.

The Liberian Leader urged the BSE Management and the Governance Commission to collaborate in formulating a comprehensive Corporate Governance Policy that would address the existing gaps and bypasses in the sector and harmonize operations.

This call to action reflects the Government’s commitment to driving sector-wide reform, ensuring efficiency, and fostering an environment of accountable governance within state-owned enterprises.

President Boakai noted that his Administration’s stance on the need for oversight and regulation of state-owned enterprises underscores his dedication to promoting transparency, efficiency, and responsible management of public resources.

Distributed by APO Group on behalf of Republic of Liberia: Executive Mansion.

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has responded to the devastation caused by Hurricane Beryl, donating over half a million US dollars to aid disaster relief and rebuilding efforts across Caribbean countries that were hard-hit. 

Hurricane Beryl severely devastated the Grenadian islands of Carriacou and Petite Martinique as well as several islands in Saint Vincent and the Grenadines, including Union Island and Mayreau. It also impacted Saint Lucia and Barbados to a lesser extent.

Mr. Okechukwu Ihejirika, Acting Chief Operating Officer of Afreximbank Caribbean Office delivered a letter of solidarity from Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, to the Prime Ministers of the four nations.

In the letter, Prof. Oramah, pointed out that the impacted nations were part of the 11 Caribbean Community (CARICOM) countries that were participating in Afreximbank under a Partnership Treaty entered by, and between Afreximbank and CARICOM Member States. He added that it was only important for the Bank  ‘to stand with them at this difficult time’.

“The news of the hurricane’s impact has deeply saddened us, and our thoughts are with everyone affected by that devastating event. However, the strength and resilience of Caribbean people is well-known; we have no doubt that these qualities will shine through during this difficult period,” said President Oramah.

Besides delivering on its trade and development mandate, the Bank also takes proactive steps to help countries deal with global climate and health emergencies, given the rising frequency and intensity of climate and health disasters in Africa and the Caribbean. 

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

The Angola Oil&Gas (AOG) conference and exhibition returns to Luanda from October 2-3 to facilitate deal-signings and drive projects forward in Angola. As the premier event for the industry, AOG 2024 creates strategic opportunities for companies to gain updates on major projects, connect with government ahead of the country’s 2025 bid round while engaging with regional counterparts on opportunities across the broader African energy landscape.

Under the theme Driving Exploration and Development Towards Increased Production in Angola, this year’s event offers an expanded conference agenda, a strong lineup of global speakers and enhanced opportunities for companies to collaborate in Angolan oil and gas. This is what you can look forward to this year’s AOG conference:

Multi-Track Program

AOG 2024’s multi-track program is designed to showcase the most promising opportunities in the sector while addressing emerging challenges and industry trends. Covering three primary tracks while featuring an array of presentations, workshops and networking functions, the event covers the entire oil and gas value chain in Angola. In addition to panel discussions, the multi-track program features on-stage interviews with major operators. This unique program feature offers a strategic opportunity for companies, investors and service providers to gain insight into some of the country’s biggest oil and gas projects.

For more information about the AOG program, visit https://apo-opa.co/4cSRIm5.

Pre-Conference Technical Program

AOG 2024 will host a pre-conference technical program ahead of the main event. Taking place on October 1, the pre-conference features a series of workshops and technical presentations and is designed to provide in-depth strategic insight into the technical aspects of Angola’s oil and gas industry. Led by a roster of distinguished industry experts, this platform for knowledge transfer features presentations on a variety of technical topics for professionals across the oil and gas value chain including engineers, lawyers, service providers, logistics companies, financiers, and more.

For more information about the AOG pre-conference program, visit https://apo-opa.co/3Thx08i.

High-Level Speakers

AOG 2024 features a strong lineup of high-level speakers, all of which will unpack the country’s project pipeline, investment opportunities and collaborative prospects. Energy and hydrocarbon ministers from Angola, Namibia, the Democratic Republic of the Congo, the Republic of Congo and the African Petroleum Producers Organization are attending while executives from Sonangol, the ANPG, IRDP, TotalEnergies, Chevron, ExxonMobil, Azule Energy and more are participating.

For more information about the AOG 2024 speaker lineup, visit https://apo-opa.co/47cs0rg.

Innovative Exhibition

This year’s AOG conference will feature an exhibition which showcases the best in Angolan oil and gas. From oilfield services to infrastructure and logistics to exploration and production and seismic, the AOG exhibition is the go-to platform for insight into the established market.

For the first time ever, AOG is offering an exclusive exhibition-only pass due to high demand. These passes provide access to the event’s fully sold-out exhibition area, showcasing cutting-edge innovations in the oil and gas industry and related fields. With 20% of these passes already sold, secure yours quickly to explore the latest advancements and network with industry leaders.

Visit https://apo-opa.co/47cAnmW for more information.

Strategic Networking

With its strong international focus, AOG 2024 serves as a strategic opportunity for local, regional and global delegates to collaborate and discover new avenues for investment. Extensive networking opportunities such as networking breaks, lunches, cocktail functions and the gala dinner offer the chance for delegates to partner and build meaningful business relationships. In line with efforts to drive exploration and development in Angola, networking opportunities lay the foundation for heightened collaboration in Angola.

For more information about AOG 2024, visit www.AngolaOilandGas.com and secure your pass today!

Distributed by APO Group on behalf of Energy Capital&Power.

About AOG:
AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.