On the re-opening of SLPP Office … “We would never encourage violence” John Benjamin...

During a press conference organised by the Extractive Industries Transparency Initiative (EITI), at the Hill Valley Hotel in Freetown on Thursday, it was disclosed by the institution’s board chair, Frederik Reinfeldt that Africa covers about 50% of EITI membership. Stating the reason for this, he said, “There is a will in Africa to have transparency[…]

The Finance Act 2016 was enacted in March this year and the National Revenue Authority (NRA) has been gradually looking at sections of the law dealing with revenue collection. First to implement was the increase in income tax from 30 to 35 percent for people earning above Le2 million. It was easy to deduct this[…]

The inflation rate for July 2016 moved upwards from 10.16 percent in June to 10.53 percent in July. Likewise, the monthly rate increased slightly from 272.34 percent in June to 275.82 percent in July 2016. “The increase in the price level for July 2016 was as a result of the steady depreciation of the Leone as against the foreign currencies especially the US dollar,” the release from the statistics agency says. The buying price of the US Dollar on the parallel market is Le7,000 and Standard Chartered Bank in Freetown buys at Le6,550 and sells at Le6,850. The exchange rate has a domino effect on prices including locally grown food items. When the exchange rate is up, it is expected that prices will be up but when it is down it does not normally mean in the Sierra Leone [...]

The Ministry of Fisheries and Marine Resources Sector has made major gains over the past years and continues to provide the needed protein for our people and generate most needed revenue for our economy. As a result of measures taken during the past years, fish supplies to the local markets have increased and revenue generation[…]

Ecobank has partnered with Qatar Airways to offer the bank’s Customers in Africa 15 percent discount on economy class and 10 percent discount in business class. It is an exclusive airfare deal for Ecobank customers that will end September 13 this year, a statement from the bank emailed to customers said. The table below shows[…]

The National Revenue Authority (NRA) Collected Le1.32 trillion in the first six months of 2016 compared to Le1.1 trillion collected during the same period in 2015, Mohamed Bangura, Corporate Affairs Manager of NRA said in an interview in Freetown. NRA exceeded its half year target by Le13.49 billion. The target was Le1.308 trillion. “A total[…]

The Board chair of the Extractive Industry Transparency Initiative (EITI) John Fredrik Reinfeldt, former Prime Minister of Sweden and the head of the EITI Secretariat in Oslo Jonas Moberg visited Sierra Leone to get government’s commitment to implementing the EITI findings and recommendations. “They are here to support Sierra Leone in implementing the EITI and[…]

Tony O. Elumelu, Chairman, Heirs Holdings, United Bank for Africa Plc and Founder of the Tony Elumelu Foundation (TEF), has been invited to debate at the opening session of the MEDEF Summer University alongside two other global business shapers. Currently in its 18th edition, this year’s event will be held on August 30th and 31st,[…]

Africa needs much more investment from the private sector to build its roads, energy and communications infrastructure. But for countries to make the most use of that infrastructure, they also need to invest more in people — – in brain power and “gray matter” infrastructure, to realize their demographic dividend that fuels inclusive economic growth.[…]

The Southern Regional Chairman of the Sierra Leone Traders, David Moses has been making tough statements against street trading, saying that he supports the metropolitan police of the Bo City Council to raid the streets of Bo in order to get rid of traders. Speaking to this medium along Fenton Road in Bo yesterday, Mr. Moses said that they have cautioned the traders on the street to quit as they are blocking the free flow of traffic. According to him, they have told traders to go into the market to sell but to no avail, adding that some of the traders are lawless, especially those that hang around Fenton road. “The Bo City Council police are doing their job and we want to commend them for that and I want traders to stop trading. We are against it. It is good to work within [...]