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

News in the ‘Business & Finance’ Category

Sierra Leone News: Five Mining Companies still in operation

Wednesday, September 17th, 2014

Despite the weak market conditions in the country, only five mining companies: African Minerals Limited, London Mining, OCTEA, Sierra Rutile and Sierra Minerals are continuing with their normal operations. Minister of Finance, Kelfala Marah disclosed that “there has been minimal impact on the production activities of these companies. Production data for the first half (January[...]

Sierra Leone News: UBA named “Best Transaction Bank” in Africa

Friday, September 12th, 2014
Sierra Leone News: UBA named “Best Transaction Bank” in Africa

The innovations by United Bank for Africa (UBA), in providing convenient banking platforms for individuals and businesses have received global endorsement and recognition. The Bank has been named the “Best Transaction Bank” from Africa in 2014 by UK based magazine “The Banker”. This is hinged on the Bank’s e-banking platforms that have positively changed the[...]

Sierra Leone News: Ebola cuts Sierra Leone growth to three-year low

Friday, September 12th, 2014
Sierra Leone News: Ebola cuts Sierra Leone growth to three-year low

Sierra Leone said Wednesday the Ebola crisis had devastated the economy, with growth projections pared back to single digits for the first time since the country’s mining boom started in 2011. Finance Minister Kaifala Marah told reporters in the capital Freetown that growth had slowed to an annual rate of seven percent since the country[...]

Sierra Leone News: Miss Sierra Leone Ltd commends Brussels Airlines

Friday, September 12th, 2014
Sierra Leone News: Miss Sierra Leone Ltd  commends  Brussels Airlines

A friend in need is a friend indeed; Brussels Airlines has manifested their true solidarity with the Government and People of Sierra Leone since the outbreak of the Deadly Ebola Virus. In a period like this when Major Airlines including the British Airways deserted the country, Brussels Airlines stood by the people as they continue[...]

Sierra Leone News: West Africa oil industry at risk of Ebola exposure As the Ebola outbreak becomes more serious in West Africa, it could be putting the oil and gas industry in the region at risk. Failure to contain the virus could put workers living in the area at risk of exposure. Offshore Magazine reports: John Sisa, lead analyst covering Upstream Oil & Gas in the Sub-Saharan region, said many of the E&P operations depend heavily on expatriates working and living in the region. Some operators may withdraw personnel and halt activities, he suggested, until the Ebola situation is controlled in the countries presently most affected. According to the Center for Disease Control, there are currently over 3,700 suspected and confirmed cases of Ebola in West Africa. In Guinea, Sierra Leone, and Liberia nearly every coastline region has confirmed cases. While most of the oil production in West Africa is offshore, the workers primarily live onshore. Exposure onshore could cause spread to the rigs themselves, putting workers in even greater danger of contracting the virus. While Liberia and Sierra Leone have been hardest hit so far, Nigeria, a member of OPEC and a global oil giant, has 21 cases with 7 deaths. Sisa noted that Nigeria is the only country with sufficient resources to contain Ebola, though that does not mean the virus is incapable of spreading. This possibility could have a significant impact on oil production, and therefore global supply. Friday September 12, 2014

Friday, September 12th, 2014
Sierra Leone News: West Africa oil industry at risk of Ebola exposure As the Ebola outbreak becomes more serious in West Africa, it could be putting the oil and gas industry in the region at risk. Failure to contain the virus could put workers living in the area at risk of exposure. Offshore Magazine reports: John Sisa, lead analyst covering Upstream Oil & Gas in the Sub-Saharan region, said many of the E&P operations depend heavily on expatriates working and living in the region. Some operators may withdraw personnel and halt activities, he suggested, until the Ebola situation is controlled in the countries presently most affected. According to the Center for Disease Control, there are currently over 3,700 suspected and confirmed cases of Ebola in West Africa. In Guinea, Sierra Leone, and Liberia nearly every coastline region has confirmed cases. While most of the oil production in West Africa is offshore, the workers primarily live onshore. Exposure onshore could cause spread to the rigs themselves, putting workers in even greater danger of contracting the virus. While Liberia and Sierra Leone have been hardest hit so far, Nigeria, a member of OPEC and a global oil giant, has 21 cases with 7 deaths. Sisa noted that Nigeria is the only country with sufficient resources to contain Ebola, though that does not mean the virus is incapable of spreading. This possibility could have a significant impact on oil production, and therefore global supply. Friday September 12, 2014

As the Ebola outbreak becomes more serious in West Africa, it could be putting the oil and gas industry in the region at risk. Failure to contain the virus could put workers living in the area at risk of exposure. Offshore Magazine reports: John Sisa, lead analyst covering Upstream Oil & Gas in the Sub-Saharan[...]

Sierra Leone News: Govt. in $63m revenue loss thru Ebola Fin. Min

Friday, September 12th, 2014
Sierra Leone News: Govt. in $63m revenue loss thru Ebola  Fin. Min

The Minister of Finance Keifala Marah has said that the government is presently facing an “estimated revenue loss of $63m for 2014” as a result of the Ebola Virus Disease. The Finance Minister who was speaking in an interview on the local radio 98.1 said “in the first 6 months of this year the government[...]

Sierra Leone News: UBA Group Appoints Tony O. Elumelu as Chairman

Friday, September 12th, 2014
Sierra Leone News: UBA Group Appoints Tony O. Elumelu as Chairman

The Board of United Bank for Africa Plc (UBA) today announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi. Mr. Elumelu is Chairman/CEO of Heirs Holdings, the pan-African proprietary investment company, he founded in 2010, which holds stakes in a number of leading African businesses, including Nigeria’s largest conglomerate[...]

Sierra Leone News: Radisson Blu Mammy Yoko organizes ‘Stay at Home’ package

Friday, September 12th, 2014

General Manager of Radisson Blu Mammy Yoko Mr Nuno Neves said they are organizing a stay at home package for people who would like to have quality rest during this period from 18th to 22nd September.. According to Mr Neves, they thought it fit to come out with this package for people who would want[...]

Sierra Leone News: Ebola cripples Lungi Airport

Friday, September 5th, 2014
Sierra Leone News:  Ebola cripples Lungi Airport

Sierra Leone’s main gateway to the outside world, Lungi International Airport is no longer its usual self any longer, as air traffic in and out of the airport has become so scarce following the rise of infected cases of Ebola and related deaths. The airport, which used to bustle with passengers and aircraft activities, is[...]

Sierra Leone News: Sierra Leone-flagged ship detained by Japan

Friday, September 5th, 2014
Sierra Leone News:  Sierra Leone-flagged ship detained by Japan

A fishing vessel whose captain is Russian has been detained near Japan’s northern Hokkaido Island for illegal catches in the Japanese exclusive economic zone, Russia’s Consulate General in Sapporo said Thursday. “We have been informed about the detention of a Sierra Leone-flagged ship for crab poaching in Japanese waters,” an official of the diplomatic mission[...]