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

News in the ‘Business & Finance’ Category

Sierra Leone News: ITU launches Big Data

Friday, August 28th, 2015
Sierra Leone News: ITU launches Big Data

The International Telecommunication Union (ITU) has launched the Big Data on Information Technology for storage of information that can be used by the public and private sector for processing towards economic and social development. The launching was held yesterday to mark the end of a Regional Ministerial conference on “leveraging Information and Communication Technology” at[…]

Sierra Leone News: MoneyGram award prizes to Customers

Friday, August 28th, 2015
Sierra Leone News: MoneyGram award prizes to Customers

MoneyGram one of the leading global financial institutions operating in the country yesterday rewarded their customers with fabulous prizes as part of their Ramadan raffle draw which was launched a few months ago. The raffle draw was conducted by Premier Media Consultancy at Circular Road in Freetown. Explaining about the promotion, Desmond Finney of Premier[…]

Sierra Leone News: China signs $4.3billion deal with Dangote to build 8 cement factories

Friday, August 28th, 2015
Sierra Leone News: China signs $4.3billion deal with Dangote to build 8 cement factories

A Chinese state-owned engineering company has signed a deal worth $4.3bn (£2.8bn) to build factories for a Nigerian cement company run by Africa’s richest man, Aliko Dangote. China’s Sinoma will build seven plants across the continent and one in Nepal. The new factories will add around 25 million tonnes to the firm’s existing cement capacity[…]

Sierra Leone News: Gold exports drop 297% in H1 2015

Friday, August 21st, 2015
Sierra Leone News: Gold exports drop 297% in H1 2015

Figures of Gold exports from Sierra Leone for the first half of 2015 show a whooping 297% drop. This drop is not unexpected given that the deadly Ebola virus was raging through the countryside by then, driving the workforce from the mining fields and the mine owners from the country. From 11,751 grams exported in[…]

Sierra Leone News: H1 Diamond exports drop after peak in April

Friday, August 21st, 2015
Sierra Leone News: H1 Diamond exports drop after peak in April

Diamond exports for the first half (H1) of 2015 have dropped from a high of 64.5 thousand carats in April to 35.6 thousand carats in July. This is in sharp contrast to the 2014 figures where export figures peaked in March with an all year high of 81 thousand carats in the first half of[…]

Sierra Leone News: Finance Minister Urges MDAs to Embrace Discipline in Use of Resources

Friday, August 21st, 2015
Sierra Leone News: Finance Minister Urges MDAs to Embrace Discipline in Use of Resources

The Minister of Finance and Economic Development has urged Ministries, Department and Agencies (MDAs) to embrace discipline in the use of resources allocated to them. Dr. Kaifala Marah was delivering the keynote address at the Miatta Conference Hall in Freetown during the opening of a stakeholders workshop to validate the ministry’s draft Client Service Charter.[…]

Sierra Leone News: Stellar Diamonds agrees $330,000 Finance loan deal

Friday, August 21st, 2015
Sierra Leone News: Stellar Diamonds agrees $330,000 Finance loan deal

The Tongo fields Diamond miner Stellar Diamonds has reported that it has “arranged a US$330,000 convertible loan note and a warrant for similar amount with German private equity firm Deutsche Balaton.” The Company, which is engaged in the acquisition, exploration, development and production of diamond properties in Sierra Leone and Guinea, says it also intends,[…]

Sierra Leone News: Amara Mining is still cashed-up, even without the IFC

Friday, August 21st, 2015
Sierra Leone News: Amara Mining is still cashed-up, even without the IFC

After the company put out interim results recently, there was some chatter among London’s mining analysts that the ongoing absence of US$10mln due in from the IFC might jeopardise completion of the bankable study at the flagship Yaoure gold project in Cote D’Ivoire. The money was initially put on the table in April, following on[…]

Sierra Leone News: The price of diamonds is collapsing

Friday, August 14th, 2015
Sierra Leone News: The price of diamonds is collapsing

Market prices for diamonds are in a long, slow, five-year decline, and it’s causing havoc for diamond producers. Petra Diamonds reported a 10% sales drop in the first half of the year to $425 million, while the luxury brand De Beers saw a 23% collapse in profits to $360 million last week. The diamond price[…]

Sierra Leone News: Energy Ministry digitalizing “We are collecting billions” -Minister Macauley

Friday, August 14th, 2015
Sierra Leone News: Energy Ministry digitalizing “We are collecting billions” -Minister Macauley

Energy Minister Henry Macauley has in an exclusive interview with Awoko Business explained his new policy of “digitalizing” the payment system in the Energy Ministry, which he says has helped raise revenue collection by “at least 20%.” Explaining Amb Macauley said that they had been called upon to commercialize their activities, which is the whole[…]