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

News in the ‘Business & Finance’ Category

Sierra Leone News: Rokel posts Le101.1 billion loss

Friday, July 25th, 2014
Sierra Leone News: Rokel posts Le101.1 billion loss

Rokel Commercial Bank (RCB) has now posted the biggest loss in the banking history of the country. In its published financials released Wednesday 22nd July this week, the bank posted a total comprehensive loss for the year 2013 of Le 99 billion (Le 99,079,830,000). The Bank’s net impairment loss on financial assets (bad loans) jumped[...]

Sierra Leone News: Managing Directors of CommErcial Banks PLedge support for The Governor of the Bank Of Sierra Leone

Friday, July 25th, 2014

Managing Directors of Commercial Banks in the country have pledged their full support for the newly appointed Governor of the Bank Of Sierra Leone, Mr Momodu L. Kargbo, at a special meeting he held with the Sierra Leone Association of Commercial Banks (SLACB) on Thursday 24th July, 2014, in the Conference Room of Sam Bangura[...]

Sierra Leone News: Air France still operates in Sierra Leone

Friday, July 25th, 2014
Sierra Leone News: Air France still operates in Sierra Leone

Air France is still operating in Sierra Leone and they will arrive on Friday as usual, after the cancellation of their Wednesday flight this week. Speaking to the front desk staff at Air France, they said the rumour going around that Air France had cancelled their flights to Sierra Leone is not true, as Air[...]

Sierra Leone News: London Mining Raised Iron Output in Sierra Leone

Friday, July 25th, 2014
Sierra Leone News: London Mining Raised Iron Output in Sierra Leone

According to London Mining it has raised quarterly production at its iron ore mine in Sierra Leone. This comes after an upgrade of the processing plant, the AIM-listed company said. It added that it expects to find a strategic partner by year-end. “Iron ore output at the Marampa mine rose 21 percent in the quarter[...]

Sierra Leone News: Parliament ratifies Trade Mark Act

Friday, July 25th, 2014
Sierra Leone News: Parliament ratifies Trade Mark Act

The Sierra Leone Parliament has ratified the Trade Mark Act, 2014 which was put before the House by the Deputy Attorney-General and Minister of Justice, Arrow John Bockarie. Parliament ratified the Act on the 22nd July, 2014, and the Act now provides for a five year incarceration or an alternative fine of Le 60 million[...]

Sierra Leone News: Seaweed hit livelihood of fishermen

Friday, July 25th, 2014

Several artisan fishermen within the coast of Freetown and surroundings are weary over the recent re appearance on tonnes of dead seaweed afloat the ocean that has destroyed many fishing nets at sea. The disgusting seaweed clumps that wash up on beaches has prevented many local fishermen from doing their trade at sea. According to[...]

Sierra Leone News: Sunergy Announces Financing and Operations Update on Mining Projects in Liberia and Sierra Leone

Friday, July 25th, 2014

Sunergy, Inc. Has announced an operations update for their mining projects in Liberia and Sierra Leone Sunergy obtained the necessary funding through equity to sustain winter operations and begin working the dry season through the end of 2014, in Sierra Leone and Liberia, as outlined in the budget culminated through the efforts of management and[...]

Sierra Leone News: Parliament approves Deputy Governor & Deputy Minister

Thursday, July 24th, 2014

The Parliamentary Committee on Appointment and the Public Service during yesterday’s sitting of the House of Parliament approved the nomination of the Deputy Bank Governor and the Deputy Minister of Energy. Having gone through Parliamentary scrutiny past Monday in Committee Room I, the new Deputy Governor; Dr. Ibrahim Stevens and the Deputy Minister of Energy[...]

Sierra Leone News: Q1 diamond sales clock $67million

Friday, July 18th, 2014
Sierra Leone News:  Q1 diamond sales clock $67million

Diamond export figures for the first quarter of 2014 have clocked $67million. This is accaording to figures released by the National Minerals Agency (NMA). This shows an increase of $9.5 million from $57.4 million ($57,492,347.73) for the first three months of 2013, to $67 million ($67,052,533.37) for the first three months of 2014. March saw[...]

Sierra Leone News: Ebola: Govt. spends 9.9billion

Friday, July 18th, 2014
Sierra Leone News:  Ebola: Govt. spends 9.9billion

The Minister of Finance Dr Keifala Marah has revealed that government has spent over two million dollars in the fight against the Ebola virus. Delivering his supplementary budget before Parliament last week, Dr marah disclosed that “Government has so far disbursed the sum of Le9.9billion to the Ministry of Health and sanitation.” Given the going[...]