Business

IMF Approves $248M to Boost Sierra Leone’s Economic Stability

Agriculture, Business, Economy, Politics /

The IMF’s support is designed to make Sierra Leone’s economy more resilient, lift living standards, and fight poverty through structural reforms and focused social programs. Sierra Leone will receive $248.5 million in financial support from the International Monetary Fund (IMF) to boost its economic resilience. Announced on October 31, the funding comes through a 38-month Extended Credit Facility, […]

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Nigerian Billionaire Proposes $5bn Investment in Sierra Leone’s Real Estate, Aviation 

Business, Economy, Politics /

The proposed urban projects in Sierra Leone would prioritize environmental sustainability, incorporating renewable energy, efficient water use, and sustainable construction materials Nigerian billionaire and CEO of Wisdom Kwati Group, Wisdom Kwati, has proposed a $5 billion investment aimed at driving growth in Sierra Leone’s real estate and aviation sectors. Kwati presented the plan during a

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Morocco Reaches Out to Mano River Union for Regional Peace & Prosperity

Business, MRU, Politics /

Morocco has agreed with Mano River Union to foster cooperation ties in security, economy, investment, finance, education, technical assistance, and vocational training. The Mano River Union, which was established in 1973, includes Liberia, Sierra Leone, Guinea and Côte d’Ivoire. The four African countries and Morocco share the same views and goals to spur regional growth

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German Africa Prize 2024 Awarded to Sierra Leone Politician

Business, Gender, Politics /

Mayor of the Municipality of Freetown in Sierra Leone, Yvonne Aki-Sawyerr, has been described as a powerful woman who has improved her city in many ways and made it a pioneer in several areas, according to the German Africa Foundation who describes her as an “inspiration.” it said in just six years, she had introduced models of sustainability

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Sierra Leone’s Public Transport and Road Safety Authorities to Improve Public Transportation with New Safety Legislation

Business, Health, Politics /

The new legislation was being introduced to address critical road safety issues, including the increase of old vehicles, the use of substandard spare parts, and the problem of abandoned cars on highways The Sierra Leone Public Transport Authority (SLPTA) and the Sierra Leone Road Safety Authority (SLRSA) have told journalists about their independent but similar

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Sierra Leone Ports and Harbour Authority Records Success Rate With Digital Transformation

Business, Politics /

Bio noted that the Port Authority’s shift from manual paper-based systems to a modern electronic framework, supported by €64,000 in partner funding, was central to its ongoing digital transformation Sierra Leone Ports and Harbour Authority (SLPHA), at the Queen Elizabeth II Quay in Freetown, says it has recorded significant progress in its digital transformation efforts,

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Sierra Leone in Advanced Stage to Negotiate 16 Years on Aviation Blacklist

Business, Economy, Politics /

Madam Barrie also highlighted initiatives to improve regional connectivity, with two airlines in discussions to link Sierra Leone with Liberia, Guinea, Senegal and Ivory Coast in West Africa Director General of the Sierra Leone Civil Aviation Authority (SLCAA), Musayeroh Barrie, has announced at the weekly government press conference that are making significant efforts to remove

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Sierra Leone Joins Kenya, Zambia, Uganda to Form Anti-money Laundering Taskforce

Business, Economy, Politics /

The task force plans to implement rigorous training for financial investigators, establish standardised reporting procedures, and create a shared database for tracking suspicious transactions across the four countries. Sierra Leone, Kenya, Zambia and Uganda have agreed to form a joint anti-money laundering taskforce following a recent high-level workshop of auditors general by their counterpart in

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Sierra Rutile Holdings Announces Major Changes to its Board of Directors

Business, Economy, Politics /

Chairman Greg Martin emphasized that these board changes mark a natural transition as Sierra Rutile becomes a majority locally-owned business, highlighting the milestone of transforming into a predominantly Sierra Leonean-owned entity. Sierra Rutile Holdings Limited has announced significant changes to its Board of Directors following the acquisition of a majority share by Leonoil Company Limited.

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