Drivers Hike Transport Fares Again

first_imgAs public outcry against the increase in transportation fares continue, commercial drivers have again stepped up fares to all destinations in Monrovia.On Monday February 23, fares from Red-Light Market to central Monrovia were  increased from LD$60 to LD$100.00, which resulted to hundreds of commuters being stranded.Despite the Ministries of Transport, Commerce and Industry’s decision to reduce transportation prices six weeks ago, drivers on several occasions make their own prices, when conditions favor it.The arbitrary increase of transport fares has sparked  bitter confrontation between  drivers and commuters.Reports from Duala have confirmed that some drivers have also stepped up fares.In several interviews with commuters, they sounded urgent calls to the Ministries of Transport and commerce for intervention.In an interview at the Red-light Market on Monday morning, businessman Patrick B. Bolton said that until the MOT and MOCI act now, the situation would degenerate.Central Monrovia’s businesswoman Patricia M. Philips, 58, noted that until the MOT and MOCI’s Ministers can graduate from issuing empty and sugar-coated utterances and promises, the situation would continue to worsen.Mrs. Philips said the Liberian government must muster the courage to ensure the practical enforcement of its regulations.Civil servant Thomas B. Kollison, 64, said adjusted transport fares’ must be enforced.Foreign merchant Allie B. Hassan, 55, of Duala General Market said the ministries involved must set example by enforcing their own regulations.Waterside businessman Sam B. Kun, 48, intimated that commercial drivers must be monitored to ensure compliance of government’s decision.“I suggest the MOT and MOCI  employ transport fare regulators,” Mr. Kun pleaded.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

MASSIVE DONEGAL FARM GOES ON MARKET WITH €20 MILLION PRICE TAG

first_imgONE of Donegal’s biggest farms is set to be auctioned off by its owners – and could fetch up to €20M.The 2,400 acre An Grianan Estate at Burt is one of Europe’s largest organic farms – it has 1,900 acres of prime farmland and 500 acres of lakes.It is currently owned by the agri-good business Donegal Investment Group – the new name for Donegal Creameries. The land was all reclaimed from Lough Swilly and includes its own pump house and extensive drainage system.It has a 500-cow herd.Auctioneers Savills has been appointed to handle the land sale with anything between €15M and €20M expected.Dublin-listed Donegal Investment Group saw pretax profits fall by more than 10 per cent last year despite a rise in turnover. The food group, which rebranded from Donegal Creameries in 2013, operates across agri-inputs, produce, property and other investments. It has operations in Ireland, the UK, Holland and Brazil.Donegal recorded full-year pre-tax profits of €3.7 million versus €4.2 million in 2014 on revenues that were up 2.7 per cent from €81 million to €82.9 million. Operating profit increased from €900,000 to €1 million.The group said that as with 2014, last year saw continued challenges for its produce seed potato business and further progress for its speciality dairy division.Donegal’s balance sheet remained reasonably strong with shareholder funds of €60.7 million.Net debt reduced by €4.6million, primarily due to the proceeds of the sale of the Ballyraine Halls student accommodation in Letterkenny. MASSIVE DONEGAL FARM GOES ON MARKET WITH €20 MILLION PRICE TAG was last modified: June 5th, 2016 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:auctionBURTDonegal CreameriesDonegal INvestment Groupfarmlast_img read more