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

News in the ‘Business & Finance’ Category

Sierra Leone Business: Belt and Road crucial for Africa ties

Monday, September 17th, 2018
Sierra Leone Business: Belt and Road crucial for Africa ties

China’s commitment to integrating Africa into the Belt and Road Initiative will significantly strengthen sustainable trade and investment relations between the continent and China, Sierra Leone’s senior diplomat Sahid Kamara of the Embassy in China said. China’s participation in infrastructure projects has been a boon to Africa’s manufacturing sector, Mr Kamara told Journalists in Beijing[…]

Sierra Leone Business: State Audit faults asset declaration regime by the ACC

Monday, September 17th, 2018
Sierra Leone Business: State Audit faults asset declaration regime by the ACC

A specialised audit undertaken by the Audit Service Sierra Leone (ASSL) has faulted the country’s corruption watchdog for not effectively managing the asset declaration regime. The findings titled Management Report on the Audit of Asset Declaration Regime in Sierra Leone 2014 to 2016, indicate that the legal framework of the asset declaration regime is not[…]

Sierra Leone Business: China, Sierra Leone vow to further promote bilateral ties

Monday, September 17th, 2018
Sierra Leone Business: China, Sierra Leone vow to further promote bilateral ties

Chinese President Xi Jinping over the weekend held talks with Sierra Leonean President Julius Maada Bio in Beijing, and the two leaders agreed to further promote the comprehensive strategic cooperative partnership between the two countries. Bio is on a state visit to China and will attend the upcoming 2018 Beijing Summit of the Forum on[…]

Sierra Leone Business: Freetown does not offer hospitable environment for firms- World Bank

Monday, September 17th, 2018
Sierra Leone Business: Freetown does not offer hospitable environment for firms- World Bank

Creating a hospitable environment for productive firms depends upon good and active public policy, both at the city level to improve connectivity, and at the national level to improve power supply. This is according to the World Bank Economic Update on the country, stressing that Freetown does not currently generate good connectivity, either through dense[…]

Sierra Leone Business: Trade ministry gives 90 days ultimatum to supermarket

Monday, September 17th, 2018

The Ministry of Trade and Industry has issued three months ultimatum to all supermarkets in the country in order for them to display Sierra Leonean products in their shops. The three months ultimatum is expected to come to an end on the 29 November 2018.The Director of Local Content Agency at the Ministry of Trade[…]

Sierra Leone Business: OGP rates Foreign Aid transparency in Salone as unclear

Monday, September 17th, 2018

At the end of its two-year National Action Plan (NAP II), 2016-2018 to the Open Government Partnership (OGP), the country’s foreign aid transparency commitment has been rated unclear. The progress report of the Independent Reporting Mechanism (IRM) of the OGP said that the researcher Charlie Hughes could not ascertain any early results that could be[…]

Sierra Leone Business: China is ready to deepen cooperation with Salone

Monday, August 27th, 2018
Sierra Leone Business: China is ready to deepen cooperation with Salone

Ambassador Wu Peng has informed Awoko Newspaper that within the past four months of the Maada Bio government they have negotiated several projects with the Chinese government and one such project is garbage trucks that China has agreed to donate to Sierra Leone. Amb. Wu said because of the determination of the president and his[…]

Sierra Leone Business: A huge potential to address unemployment

Monday, August 27th, 2018
Sierra Leone Business: A huge potential to address unemployment

For the African continent to achieve sustainable development, more jobs must be created for young people, including in the digitalized agriculture sectors, according to the United Nations Food and Agriculture (UNFAO). “We need to take action to make agriculture more attractive to young people,” underscored José Graziano da Silva, Director-General of the Food and Agriculture[…]

Sierra Leone Business: Dollar effects on the market

Monday, August 27th, 2018
Sierra Leone Business: Dollar effects on the market

For the past two decades, the prices of commodities are tied with the exchange rate of the American dollar in the Sierra Leone market structure. And the Dollar price even determines the prices of major commodities including locally made products. The country’s legal tender, the Leone continues to depreciate against major international currencies especially the[…]

Sierra Leone Business: Bo District Council to produce receipt book or pay back Le71m

Monday, August 27th, 2018
Sierra Leone Business: Bo District Council to produce receipt book or pay back Le71m

One receipt book with serial number 0000101-0000150 said to be valued at Le 71million (Le71,690,760.81) was not presented and verified by Auditors from the Audit Service Sierra Leone for 2016. According to the former Finance Officer Kemoh Sattie, the said receipt book relates to hall rental and that at the time of the audit it[…]