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

News in the ‘Business & Finance’ Category

Sierra Leone Business: Union Trust Bank takes Western Union service to Regent Community

Monday, October 16th, 2017
Sierra Leone Business: Union Trust Bank takes Western Union service to Regent Community

Union Trust Bank, the first indigenous bank in the country in partnership with Western Union on Saturday 14th October, 2017 officially unveiled a new Western Union outlet at 137 Regent road, Regent  community . According to Agnes Mansaray, Manager, UTB, Western Union Department, the objective of the new establishment is to create an easy and[…]

Sierra Leone Business: Sovereign Ferries in trouble

Monday, October 16th, 2017
Sierra Leone Business: Sovereign Ferries in trouble

The Westminster Group which owns the Sovereign Ferries has given its 6 months results for the period ended 30 June 2017. The Company revealed that its revenue grew by 44% to £2.9m with Managed Services (£1.8m), Technology (£1.0m) division, and Ferry Operations (£51k) Westminster’s CEO, Peter Fowler, commented “The first six months of the financial[…]

Sierra Leone Business: Dangote outlines his success “Produce the entire value chain”

Monday, October 16th, 2017
Sierra Leone Business: Dangote outlines his success “Produce the entire value chain”

Dangote outlined the key to his success: self-sufficiency and backward integration, a manufacturing strategy that extracts value from entire processes. “We are not going to import anything any longer,” he said. “In Nigeria we are learning how to produce the entire value chain.” He made these statements to editor in chief Lionel Barber who conducted[…]

Sierra Leone Business: WISDOM FOR SMALL BUSINESS OWNERS

Monday, October 16th, 2017
Sierra Leone Business: WISDOM FOR SMALL BUSINESS OWNERS

Are you considering going into business? Or are you in one already? Here are a few tips that have helped me. They are ashes from the crucibles of my experience, they will assist your journey. Some of them may sound a bit rigid and some a bit loose, they are nonetheless what I have learnt[…]

Sierra Leone Business: Ecobank launches mVisa across 33 African Countries

Monday, October 16th, 2017
Sierra Leone Business: Ecobank launches mVisa across 33 African Countries

Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level – and potentially huge gains – as it affords consumers with the ability to use their mobile phone to directly access the funds in their bank accounts to pay person-to-merchant[…]

Sierra Leone Business: TONY ELUMELU FOUNDATION (TEF) WRAPS UP 2017 TEF ENTREPRENEURSHIP FORUM

Monday, October 16th, 2017
Sierra Leone Business: TONY ELUMELU FOUNDATION (TEF) WRAPS UP 2017 TEF ENTREPRENEURSHIP FORUM

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos. The Forum hosted more than 1,300 participants from 54 African countries. The most diverse and inclusive gathering of African entrepreneurs on the continent, the Forum continued its strong tradition[…]

Sierra Leone Business: African Development Fund Board approves US$ 141 million credit risk participations

Monday, October 16th, 2017

Launched in 2015, the PSF is an off-balance sheet and arms-length vehicle, funded by the ADF, the concessional arm of the African Development Bank Group (AfDB) which participates in the credit risk of the private sector operations of the AfDB. Its mandate is to release capital held against loans in low income countries, to increase[…]

Sierra Leone Business: IMF downgrades Salone’s growth

Monday, October 16th, 2017

The team from the International Monetary Fund conducted its first review of the new Extended Credit Facility approved after the last one expired in December 2016. In this first review led by Mr. Wakeman-Linn the team met and held consultations with the Central Bank Governor Patrick Conteh; senior government and BSL officials, representatives of the[…]

Sierra Leone Business: Iron ore price drops as Chinese steel begins to pile up

Monday, September 18th, 2017
Sierra Leone Business: Iron ore price drops as Chinese steel begins to pile up

The Northern China import price of 62% Fe content ore slumped on Friday as the country’s steelmakers stoke production ahead of mandated cuts going into winter which could result in a sudden drop-off in iron ore demand. According to data supplied by The Steel Index the steelmaking raw material declined 3.4% to exchange hands for[…]

Sierra Leone Business: Insons launches new products

Monday, September 18th, 2017
Sierra Leone Business: Insons launches new products

A leading dealer in electrical, electronics and home appliances, Insons on Friday (September 15) unveiled different kinds of high quality home appliances that would meet the felt needs of Sierra Leoneans. The products which were unveiled at the Radisson Blu Mammy Yoko Hotel in Freetown will help address the many problems encountered by people when[…]