Economy

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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Paving the Way for Food Systems Transformation in Sierra Leone

Agriculture, Economy, Politics /

By Hon. Dr Henry Musa Kpaka, Minister for Agriculture and Food Security, Sierra Leone By using a range of techniques from mechanization and irrigation to improved seed varieties, and complimenting this with climate-smart technologies and innovations, FEED SALONE will help boost Sierra Leone’s agricultural growth rates and strengthen our food resilience in the process. A report

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BREAKING: U.S. Congress Okays Sierra Leone’s $400 Million MCC Compact

Economy, Politics /

Moving forward, the Vice President and his team will also be at the forefront of overseeing the implementation of this massive project, which promises to revolutionize Sierra Leone’s energy sector Reports from Washington have confirmed that the U.S. Congress has finally approved the Millennium Challenge Corporation (MCC) compact grant of $480 million to Sierra Leone,

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Sierra Leone Is Transforming its Food Systems, But…

Agriculture, Economy, Politics /

Feed Salone is aimed at boosting agriculture productivity, fuelling economic growth, decreasing dependence on imports and reducing hunger One of the most pressing issues facing humanity is the need to transform food systems to become more equitable, environmentally sustainable, able to deliver healthy diets for all, and also more resilient to disruptions. With the threat

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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’s Vice President Calls for Collaboration to Transform Food Systems and Achieve Food Security

Agriculture, Economy, Politics /

Sierra Leone’s local food production has already seen progress, with rice imports decreasing by 33% and significant growth in onion cultivation Vice President Dr. Mohamed Juldeh Jalloh has inaugurated the “Strengthening Resilience in Food Systems Transformation” workshop and calls for collaboration, coordination and a systematic approach to achieving food security. In his keynote address, on

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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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