- Search Results
 
 
House Concurs With Senate On Africa Corporation Accord
Date Uploaded: Jul 07, 2015

Capitol Building

 

 

House Concurs With Senate On Africa Corporation Accord

By Hilary Vasco Wiagbe

MONROVIA, July 7(LINA) - The House of Representatives has concurred with the Liberian Senate in ratifying the “Agreement for the Establishment of Africa Corporation” based on recommendation by the House Committee on Foreign  Relations on Tuesday, July 7.

The agreement signed by all African Heads of State on May 28, 2007 in Abuja, Nigeria, was turned over to the Liberian Senate for ratification on July 11, 2011.

After thorough analysis, the Liberian Senate ratified the agreement and forwarded it to the House of Representatives in September, 2013 for concurrence.

In its report submitted to Plenary Tuesday, the Committee said it conducted a number of consultations with key stakeholders in an attempt to establish the veracity of the agreement and the benefits that would accrue to the people of Africa during deliberations on the instrument.

According to the House Committee on Foreign Relations, benefits African States and their residents stand to accrue from the agreement include trade and commerce, industry, technology, agriculture, and general economic cooperation, among others.

The Committee therefore recommended that Plenary concurs with the Liberian Senate to ratify the agreement to ensure that the social and economic benefits to the people of Africa come into full swing.

African Heads of State have already signed the protocol and it has been awaiting ratification by their respective Legislatures before it comes into effect, the House Committee on Foreign Relations disclosed.

LINA HVW/TSS/PTK

latest headlines
Judge Kaba Reserves Ruling In E.J. Roye Building Case
Judge Yussuf D. Kaba of the Civil Law Court has reserved ruling in a motion for Declaratory Judgment filed by some individuals calling themselves ...more
CENTAL Raises Eyebrow About Political Parties Spending
The Center for Transparency and Accountability in Liberia (CENTAL) has expressed concern over the expenditure of political parties on fleets of n ...more
LTA, Partners End Int’l Internet Workshop
The Liberia Telecommunications Authority (LTA) and partners have ended a two-day international workshop on ICANN (the Internet Cooperation for As ...more
Liberia To Host GIABA Plenary, Ministerial Meetings
Liberia will host the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) 27th Technical Commission/Plenary and 17th M ...more
GOL, Sweden Sign US$21.6m Accord On Feeder Roads In 7 Counties
The Governments of Liberia and Sweden have signed a US$21.6 million agreement to support the third phase of the Liberia-Swedish Feeder Roads Proj ...more
Defense Ministry Relaxes Camp Ramrod Eviction
The Ministry of Defense has with immediate effect put on hold its notice of eviction to inhabitants of the 72nd Camp Ramrod Barracks in Paynesvil ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency