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

News in the ‘Business & Finance’ Category

Sierra Leone News: Bollore to build new $120m berth at Water Quay

Monday, February 8th, 2016
Sierra Leone News: Bollore to build new $120m berth at Water Quay

Parliament has ratified a new agreement between the Government of Sierra Leone (GOSL) and Bollore Freetown Terminal limited (FTL) leading to the Government owning 20 percent shares of the company and the government in turn granting Bollore FTL 50 percent exemption on its income tax liabilities for 10 years. As part of the agreement, Bollore[…]

Sierra Leone News: 29,400 Ebola affected Petty Traders to benefit from Microcredit Scheme

Monday, February 8th, 2016
Sierra Leone News: 29,400 Ebola affected Petty Traders to benefit from Microcredit Scheme

A consortium of Non Governmental Organizations (NGOs) led by World Vision Sierra Leone, Catholic Relief Services (CRS),World Hope International and BRAC Sierra Leone with funding from UK aid has commenced a one year project to  rebuild  Livelihoods of Ebola affected Petty Traders in Sierra Leone. Bintu Moseray, Livelihood Adviser, World Vision Sierra Leone explained the[…]

Sierra Leone News: Kenema-Pendembu Road Commissioned

Monday, February 8th, 2016
Sierra Leone News: Kenema-Pendembu Road Commissioned

The ISU Engineering and Construction Company, a South Korean company, has officially handed over the newly reconstructed and upgraded Kenema-Pendembu road to the Sierra Leone Roads Authority (SLRA). The reconstruction and upgrading of the road, which started in January 2010 and completed in December 2015, cost ninety million United States dollars (US$90m). Public Relations Officer[…]

Sierra Leone News: Diamond Cutting Firm May Open in Sierra Leone

Monday, February 8th, 2016
Sierra Leone News: Diamond Cutting Firm May Open in Sierra Leone

Sierra Leone may be set to get a new diamond cutting and polishing company, according to reports on StarAfrica.com The development, which is thought to be as a result of a business delegation visit recently that included dozens of Dutch investors accompanied by the Dutch trade minister, Lilianne Ploumen, and organized by the Dutch government[…]

Sierra Leone News: Sierra Leone announces new Cocoa prices

Monday, February 8th, 2016
Sierra Leone News: Sierra Leone announces new Cocoa prices

The regulatory agency for Sierra Leone’s produce sector has announced new prices for cocoa beans citing change in market dynamics at the international level. The Sierra Leone Produce Marketing Board (SLPMB) in a public statement seen by Awoko notes its indicative price for cocoa beans has been reduced to Le13,000 ($3) per kilo, while coffee[…]

Sierra Leone News: Inflation Increases to 8.85 % in December 2015

Monday, February 8th, 2016

The annual inflation rate increased in December 2015 to 8.85 percent from 8.71 percent in November 2015, according to the statistics agency. “This has resulted to an increase in the prices of food items, restaurant and hotels, housing materials and footwear across the country due to the steady depreciation of the Leone as against the[…]

Sierra Leone News: Parliament ratifies $750,000 Port Master Plan agreement

Friday, February 5th, 2016
Sierra Leone News: Parliament ratifies $750,000 Port Master Plan agreement

Members of Parliament (MPs) yesterday unanimously ratified the grant agreement between Sierra Leone and the African Development Bank (ADB) that was laid on the table of Parliament on the 2nd February 2016 with total grant of seven hundred and fifty thousand US Dollars ($750,000). Presenting the Bill to MPs for deliberation, the Deputy Minister of[…]

Sierra Leone News: Ministry of Finance starts National Portfolio Review 2016

Friday, February 5th, 2016
Sierra Leone News: Ministry of Finance starts National Portfolio Review 2016

The Ministry of Finance and Economic Development has today commenced the 2016 National Portfolio Review of development projects funded by partners of the Government of Sierra Leone. The exercise will re-evaluate more than eighty (80) ongoing projects that are directly funded by Development Partners (DPS) across government. The exercise expected to end on 15th February[…]

Sierra Leone News: Malen Land owners Vs Socfin…State Counsel objects judgement

Friday, February 5th, 2016

Senior State Counsel, Simeon Allieu in the just concluded case between the Malen Land Owners Association and Socfin Agricultural Company, yesterday objected to the judgement passed by Justice Desmond Babatunde Edwards at the Bo High Court. The State Counsel cum Prosecutor pleaded: “I want you to use the appropriate judgement on these people.” Meanwhile, before[…]

Sierra Leone News: Finance Ministry Signs $12m Loan Agreement to Rehabilitate FBC

Monday, February 1st, 2016
Sierra Leone News: Finance Ministry Signs $12m Loan Agreement to Rehabilitate FBC

The Minister of Finance and Economic Development Dr. Kaifala Marah signed a US$12 million loan agreement with the Saudi Fund for Development (SFD) on Thursday January 28 for the rehabilitation and expansion of Fourah Bay College (FBC). This fund is part of a consortium to the value of US$36.7 million to rehabilitate existing administrative buildings[…]