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

News in the ‘Business & Finance’ Category

Sierra Leone News: How much do you spend on food?

Tuesday, December 6th, 2016

The Minister of Finance and Economic Development Momodu Kargbo delivered the 2017 budget Speech on 11th November 2016 in Parliament. On the same day, the Petroleum Regulatory Agency (PRA) together with the oil marketing companies announced the increase in fuel price from Le3,750 to Le6,000 per litre. The announcement of the fuel increase moved taxi[…]

Sierra Leone News: Brewery Unveils Big Star Beer Bottle

Tuesday, December 6th, 2016
Sierra Leone News: Brewery Unveils Big Star Beer Bottle

Sierra Leone Brewery Limited (SLBL) launched its new 60 centilitre Star beer bottle last Wednesday at the company’s headquarters in Wellington, Freetown. “Today we are launching the ‘Big Boss’ star beer bottle as we are sharing the brighter life to shine on,” SLBL Marketing Manager, Desmond George said at the launching. “Today is a remarkable[…]

Sierra Leone News: After 12 years of operation in Sierra Leone…Regiemanuel Gray goes into public & private construction

Tuesday, December 6th, 2016
Sierra Leone News: After 12 years of  operation in Sierra Leone…Regiemanuel Gray  goes into public & private construction

Regiemanuel Gray Sierra Leone Limited, the Ghanaian based real estate developer that started operation 12 years ago, now intends to undertake public and private infrastructural development for clients due to slowness in the real estate business. In an exclusive interview with the current country manager Mary Magdalene Mensah at the head office at Regimanuel Gray[…]

Sierra Leone News: Iluka yet to Seal Deal with Sierra Rutile

Tuesday, December 6th, 2016

Iluka is yet to complete the deal with Sierra Rutile Limited (SRL) to take over Sierra Leone’s sand miner’s lease south of the country. About 80% of Sierra Rutile’s revenues are from sales of natural rutile, an essential raw material in high quality pigments, and one of few commodities with a bright outlook at a[…]

Sierra Leone News: Statistics Agency with IMF Support Modifies Computing Monthly Inflation

Tuesday, December 6th, 2016

The Department of Economic and Labour Statistics of Statistics Sierra Leone (SSL) has developed a new method of computing inflation in Sierra Leone. Instead of a dual reporting system with Freetown as a proxy representing the country as used by the International Monetary Fund (IMF), and another report for the regions, there will be only[…]

Sierra Leone News: AfDB and United Bank for Africa Plc sign $150mLine of Credit

Tuesday, December 6th, 2016

The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. “The Fund will support development of productive sectors of the economy; particularly the power sector, Infrastructure, Women owned enterprises[…]

Sierra Leone News: ASKY named Regional Carrier of the Year

Tuesday, December 6th, 2016
Sierra Leone News: ASKY named Regional Carrier of the Year

The Pan-African Airline with the largest network in West and Central Africa, has the pleasure to announce that it is the recipient of the African Airlines Association (AFRAA) Airline of the Year Award for Regional Operations at the AFRAA 48th Annual General Assembly held on November 20-22, 2016 at Victoria Falls in Zimbabwe. The AFRAA[…]

Sierra Leone News: BANK OF SIERRA LEONE RAMPS UP FINANCIAL INCLUSION

Wednesday, November 30th, 2016
Sierra Leone News: BANK OF SIERRA LEONE RAMPS UP  FINANCIAL INCLUSION

NOVEMBER 29 2016, FREETOWN, SIERRA LEONE  The Bank of Sierra Leone in collaboration with other stakeholders have formed the  Digital Financial Services (DFS) working Group to deliver the digital  financial services   framework aimed at  lowering financial exclusion in Sierra Leone. The DFS Working Group is one of the six working groups under the National Strategy[…]

Sierra Leone News: Iluka takeover of SRL on or before 30th November

Monday, November 28th, 2016
Sierra Leone News: Iluka takeover of SRL on or before 30th November

According to the latest reports on the merger that was published on Friday 25th November, it says: Further to the recent announcement of 21 November 2016 relating to the statutory merger between Sierra Rutile Limited (“SRL”) and Iluka Investments (BVI) Limited (“Iluka Newco”) under section 170 of the BVI Business Companies Act (“Merger”), the board[…]

Sierra Leone News: Rising Exchange Rate negatively impacts on businesses

Monday, November 28th, 2016
Sierra Leone News: Rising Exchange Rate negatively impacts on businesses

The Leone, Sierra Leone’s legal tender continues to depreciate against major international currencies especially the United States Dollar and this is affecting businesses, and the people. “The official exchange rate depreciated by 13.1 percent between December 2015 and September 2016,” Minister Momodu Kargbo of the finance ministry said in the budget speech on 11th November.[…]