Close Menu
Reports 231 – Breaking News, Latest Liberia News, Politics News, Education News, Business News…Reports 231 – Breaking News, Latest Liberia News, Politics News, Education News, Business News…

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Thelma Davies Sprints Into Ostrava’s History Golden Spike with the National Record for Liberia.

    June 26, 2025

    Two ANSSA Talents Depart for Ghana Tryouts Following Outstanding Results in MTN MoMo U-17 Tournament.

    June 26, 2025

    Final Joining of Former President Doe and Wife Begins.

    June 26, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Thelma Davies Sprints Into Ostrava’s History Golden Spike with the National Record for Liberia.
    • Two ANSSA Talents Depart for Ghana Tryouts Following Outstanding Results in MTN MoMo U-17 Tournament.
    • Final Joining of Former President Doe and Wife Begins.
    • Public Officials Pledge Full Commitment to Pursue Transformation, Developmental Action In Liberia.
    •  ArcelorMittal Liberia Phase 2 concentrator, a turning point in Liberia’s journey toward industrial rebirth, job creation, and long-term economic transformation.
    • Labor Ministry revokes 19 foreign work permits.
    • Ex-Finance Minister Tweah, others corruption case set for July 1.
    • GoL shut down 31 colleges, suspends 22.
    Facebook X (Twitter) Instagram
    Thursday, June 26
    Reports 231 – Breaking News, Latest Liberia News, Politics News, Education News, Business News…Reports 231 – Breaking News, Latest Liberia News, Politics News, Education News, Business News…
    • Home
    • Business
    • Health
    • News
      • People and Innovation
      • Sanitation and Hygine
      • Water
      • Documentaries
      • Infrastructure Development
      • Culture and Tourism
      • Investigation
      • Mining
    • Education
    • Agriculture
      • Farming
      • Fishing
    • Politics
    • Government
      • Executive
      • Legislature
      • Judiciary
    • More
      • Foreign News
      • Entertainment
      • Sports
      • Interview
      • Editorial
      • Human Interest
      • Enviromental
      • Commentaries
      • Obituary
      • Profilling
      • Transportation
    Reports 231 – Breaking News, Latest Liberia News, Politics News, Education News, Business News…Reports 231 – Breaking News, Latest Liberia News, Politics News, Education News, Business News…
    Home » TACC CEO Unveils Bold Cryptocurrency and Energy Initiatives for Liberia.
    Business

    TACC CEO Unveils Bold Cryptocurrency and Energy Initiatives for Liberia.

    Godfred Badu QuansahBy Godfred Badu QuansahFebruary 19, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Monrovia, Liberia – The CEO of Abundance Community Coin (TACC), Steve Williams, has announced ambitious plans to position Liberia as a leader in blockchain technology and renewable energy in the country. Williams in his deliberation outlined proposals to establish in Maryland County as a technological innovation hub and launch a multi-billion-dollar solar energy project to transform the country’s economic landscape.

    Williams, an Antiguan national who arrived in Liberia in 2020, revealed that he initially pitched his blockchain initiative to then-Vice President Joseph Boakai, who endorsed the idea. Now serving as Liberia’s President, Boakai continues to support the plan to designate Maryland County as a technological-free zone for advancements in automation, robotics, artificial intelligence (AI), blockchain, and cryptocurrency.

    Acknowledging concerns over cryptocurrency regulations, Williams assured that he is working with Liberia’s legislature to implement proper safeguards. “The cryptocurrency space is vulnerable to scams, and we must ensure that Liberia embraces legitimate blockchain innovations while avoiding fraudulent schemes,” he said.

    Beyond blockchain, Williams is spearheading a 1,000-megawatt solar energy project in collaboration with Supernova, a U.S.-based company, and M3 Plus. The project, valued at up to $5 billion, has already secured four pre-approved locations and aims to make Liberia a key energy exporter to neighboring countries, including Sierra Leone, Guinea, Ivory Coast, Ghana, and Nigeria.

    Williams revealed that he met with President Boakai in September to discuss the initiative, which requires no upfront funding from the Liberian government, as Supernova has pre-financed the project through a joint venture.

    “This project will create 10,000 high-paying jobs and provide 24/7 reliable electricity, making Liberia globally competitive, attracting new industries, and reducing the cost of living,” he stated. He also highlighted ongoing discussions with National Investment Chairman Jeff Blebo and Infrastructure Advisor Joe Mulbah to advance the initiative.

    Despite his commitment to investing in Liberia, Williams raised concerns over land disputes, which he says threaten foreign investment. He disclosed that he has invested nearly $1 million in his business, Higher Heights Group of Companies, which employs over 50 Liberians. However, ongoing legal battles over land ownership have led to an eviction notice and a case currently pending before the Supreme Court.

    “I legally acquired the land with a valid title, verified in the national archives, yet some individuals are now making counterclaims,” he lamented. Williams warned that such legal uncertainties could deter investors and urged Liberia to create a more investor-friendly environment to attract global capital.

    TACC Country Coordinator Daniel Siafa emphasized the growing importance of cryptocurrencies in global finance and Liberia’s increasing participation in the digital economy. “Cryptocurrencies are gaining global recognition in countries like the United States, the UK, Ghana, Niger, and Australia. Today, Liberia is part of this movement,” Siafa stated.

    He highlighted Liberia’s involvement in the 21 Project Pac Exchange and the Super Level Initiative, a $5 billion cryptocurrency project designed to facilitate financial transactions and empower businesses.

    “With the Supernova Project, we have a unique opportunity to shape Liberia’s financial future. Once we establish local adoption, the possibilities will be endless,” Siafa added. He urged the Liberian government to fully embrace cryptocurrency to drive financial inclusion and economic growth.

    As Liberia positions itself as a key player in blockchain and renewable energy, these initiatives have the potential to attract foreign investment, create jobs, and drive national development. However, challenges such as regulatory uncertainty and land disputes must be addressed to unlock Liberia’s full economic potential.

    With strong government support, Williams’ vision for a technologically advanced and energy-secure Liberia could become a reality, making the country a leader in Africa’s digital and energy revolution.

    Reported by: Simeon S. Wiakanty

    Contact: +231881538878

    Post Views: 653

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Godfred Badu Quansah
    • Website

    +231778397650/+231881378585 gbaduquansah@gmail.com

    Related Posts

    Final Joining of Former President Doe and Wife Begins.

    June 26, 2025

    Public Officials Pledge Full Commitment to Pursue Transformation, Developmental Action In Liberia.

    June 26, 2025

     ArcelorMittal Liberia Phase 2 concentrator, a turning point in Liberia’s journey toward industrial rebirth, job creation, and long-term economic transformation.

    June 26, 2025

    Labor Ministry revokes 19 foreign work permits.

    June 26, 2025

    Ex-Finance Minister Tweah, others corruption case set for July 1.

    June 26, 2025

    GoL shut down 31 colleges, suspends 22.

    June 26, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Don't Miss
    Sports

    Thelma Davies Sprints Into Ostrava’s History Golden Spike with the National Record for Liberia.

    June 26, 2025

    Monrovia, Liberia – Thelma Davies of Liberia lit up the track with a scorching run…

    Two ANSSA Talents Depart for Ghana Tryouts Following Outstanding Results in MTN MoMo U-17 Tournament.

    June 26, 2025

    Final Joining of Former President Doe and Wife Begins.

    June 26, 2025

    Public Officials Pledge Full Commitment to Pursue Transformation, Developmental Action In Liberia.

    June 26, 2025
    Our Picks

    DMS Reveals Key MENA Travel Trends Post-Covid

    January 15, 2021

    Veterinarian Reveals the Five Dog Breeds He’d Never Choose

    January 14, 2020

    A Healthy Road to Weight Loss: The Most Effective Diet for You

    January 14, 2020

    T-Mobile Seeks Early Access to 2.5 GHz from Auction 108

    January 14, 2020
    Stay In Touch
    • Facebook
    • Twitter
    • Instagram
    • YouTube
    YouTube Video UCuXb_6B2ynj_q5VCc0jT3EA_u1Jf_7x4DGA
    Keeping the gateway of Liberia open under Director Sekou Dukuly.
    Historic relationship between Liberia and Barbados. Credit: Wodemaya
    Load More... Subscribe
    Reports 231 – Breaking News, Latest Liberia News, Politics News, Education News, Business News…
    Facebook X (Twitter) Instagram
    © 2025 Reports231. Designed by Reports231 Media Network.

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.