- Advertisement -

Liberia has given a leading foreign investment firm 72 hours to pay a $25,000 fine for hiking the price of chicken eggs.

According to Liberia’s Daily Observer newspaper, Fouani Brothers Corporation raised the prices of eggs from $35.89 per carton of 360 eggs to $70 per carton.

The BBC correspondent in Liberia says the fine, announced by Minister Wilson Tarpeh, has received a mixed reaction, with some people hailing it, while others call it too harsh and heavy.

- advertisement -

Our correspondent says the business entity in trouble is one of the unlucky ones, as arbitrary price increases of basic commodities is a common practice, as Liberia does not have a system to regulate the market.

BBC