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

The Ministry of Mines and Mineral Resources and the National Minerals Agency (NMA) have cancelled the three exploration licenses of Argosy Minerals Limited a company listed on the Australia Stock Exchange. The Perth-based company of West Australia received the licenses to do iron ore exploration in Southern Sierra Leone in 2011. The project was known[…]

Guaranty Trust Bank announced at its Annual General Meeting (AGM) in Freetown last week that profit before tax was Le46.8 billion in 2015 representing a 35 percent increase compared to Le34.5 billion recorded in 2014. Profit after tax grew by 37 percent from Le23.83 billion in 2014 to Le32.73 billion in 2015. The bank’s total[…]

The Ministry of Finance and Economic Development has embarked on cleaning Government payrolls and in a press release of May 25 asked Vote controllers and heads of departments and agencies to submit their actual certified staff lists. The ministry will withhold the salaries of vote controllers and heads of departments/agencies who fail to provide the[…]

First Bank of Nigeria (FBN) Bank made Le8.8 billion profit before tax in 2015 compared to Le6 billion in 2014. This shows an increase of Le2.8 billion in profit. The profit after tax for the year ended December 31, 2015 was Le6 billion compared to Le4.19 billion the previous year. Total assets of the bank also jumped to Le133.29 billion in 2015 from Le124.46 billion in 2014. Deposits from customers slightly increased from Le80.77 billion in 2014 to Le84.69 billion in 2015. Loans and advances to customers dropped from Le26.82 billion in 2014 to Le25.45 billion in 2015. The shareholders' fund as well increased to Le47.33 billion in 2015 from Le21.26 billion in 2014 Monday May 30, 2016

The Government of Sierra Leone launched Bandajuma  Liberia road and bridges rehabilitation project funded by the European Union to the amount of Le720 billion (105 million Euro) on May 24. The Government was accompanied by the European Union for the launching ceremony. The project covers 100km of roads and 3 bridges between Sierra Leone and[…]

The Minister of Finance and Economic Development Momodu Kargbo told parliament last week that $3.2 million of the $40 million loan from the International Development Association will be used to recapitalize the Apex Bank. Minister Kargbo stressed that Apex Bank is undercapitalized to provide soft loans to farmers. The Apex Bank provides support to farmers[…]

As growth in developed markets such as Europe, China and North Africa continue to stagnate, greater regional integration in Africa, amongst all role players, is needed to capitalize on the continent's growth potential. This is according to Hennie Heymans, CEO of DHL Express Sub-Saharan Africa,who says that when comparing intra-regional trade statistics, Africa's rates are amongst the lowest in the world, with less than 20% of what is produced in the region, remaining on the continent. “This, in essence, means that over 80% of what is produced in Africa is exported, mainly to the European Union, China and the United States. In comparison, over 65% of Europe's trade occurs on its own continent, and in North America, the figure is around 50%(1),” says Heymans. According to [...]

African businessman and philanthropist Tony O.Elumelu addressed two key events in Paris, France, last week. Elumelu is the Chairman of pan-African bank, the United Bank for Africa (UBA) and of the pan-African investment company Heirs Holdings. He is also the Founder of the Tony Elumelu Foundation. The first event titled “The Big” was held on[…]

Police in Kenema have arrested Mohamed Fonnie alias Abacha who is alleged to have stabbed to death 33 year old Karimu Peter George alias Daddy. Both of these men are SLPP supporters and reports say that after consultations with the Political Parties Commission a committee was set up by the SLPP to go and ensure[…]

Cross-section of women from Kailahun district, East of Sierra Leone will today Monday May 30th 2016 engage leaders of the two main political parties for the award of symbols to potential female candidates for the vacant seat in constituency 001 in Kailahun district. Prior to today’s engagement, the women of Kailahun district had earlier in[…]