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News in the ‘Business & Finance’ Category

Sierra Leone News: Tax Compliance a major issue -NRA complains

Friday, April 24th, 2015
Sierra Leone News: Tax Compliance a major issue -NRA complains

National Revenue Authority (NRA) has complained bitterly that tax compliance has become a major issue in revenue generation as most tax payers are reluctant to meet their responsibilities of paying their taxes. Assistant Commissioner Revenue Intelligence and Investigation, Dr. Sheku Kamara said tax is essential for a country’s development and economic growth noting that government[…]

Sierra Leone News: Sierra Rutile injects $44 million into new plant

Friday, April 24th, 2015
Sierra Leone News: Sierra Rutile injects $44 million into new plant

Sierra Rutile has announced that it is set to construct a $44 million dry mine at Gangama, substantially expanding its rutile mining operations in the South of Sierra Leone. Announcing the multi-million dollar investment at a meeting of international investors in London, John Bonoh Sisay, Sierra Rutile’s CEO said:  “We are very excited to be[…]

Sierra Leone News: As mining companies tumble …Cape Lambert in trouble

Friday, April 24th, 2015
Sierra Leone News: As mining companies tumble …Cape Lambert in trouble

The labour dispute in former London Mining which is now Timis Mining seems to have a far reaching effect than earlier envisaged. With workers of Timis Mining getting ready to take the company to court over alleged historic unpaid benefits due workers by the former company – London Mining, the effect has now stretched to[…]

Sierra Leone News: DHL SL Helps welcome Children back to School

Friday, April 24th, 2015
Sierra Leone News: DHL SL Helps welcome Children back to School

DHL Sierra Leone recently assisted the staff members of St. Anthony Primary School on Syke St. as they welcomed back 700 children to school after a long break due to the Ebola outbreak. DHL Sierra Leone Senior Management team led by Country Manager, Basil Akinbinu, Arnold Doherty, Francess Sawyer, Mustapha Sandy, Brima Koroma, Gibrilla Mansaray[…]

Sierra Leone News: Sierra Leone’s mining industry moving on from Ebola

Friday, April 24th, 2015

The West African nation, one of the world’s poorest, has a long association with mining and is rich in diamonds, iron ore and other minerals Today’s approval for specialist minerals group Sierra Rutile (LON:SRX) to kick-start a new US$77mln mine in Sierra Leone marks a turning point for the company but also a country, which[…]

Sierra Leone News: China slowdown to push steel demand growth down in 2015: Worldsteel

Friday, April 24th, 2015

Global steel use should grow at a slightly slower pace this year than last because of China’s slow down, although elsewhere steel use is mostly improving and 2016 prospects look brighter, the World Steel Association said on Monday. “We hear increasingly positive use from developed economies, especially … the euro zone. In the developing world[…]

Sierra Leone News: Shandong Iron and Steel announces that it has acquired the 75 per cent stake in the Tonkolili Iron Ore mine in Sierra Leone it does not already own

Friday, April 24th, 2015

Following the acquisition of the stake previously owned by African Minerals (AML), Shandong now owns 100 per cent of the equity of Tonkolili as well as the associated infrastructure company African Port and Railway Services. Shandong now intends to take appropriate steps to return the mine to full production and to protect the assets against[…]

Sierra Leone News: World Bank Group Provides more $650 for MRU Ebola states

Friday, April 17th, 2015
Sierra Leone News: World Bank Group Provides more $650 for MRU Ebola states

The World Bank Group (WBG) announced yesterday (Thursday 16th April 2015) that it would provide at least US$650 million during the next 12 to 18 months to help Guinea, Liberia and Sierra Leone recover from the devastating social and economic impact of the Ebola crisis and advance their longer-term development needs. The new WBG pledge[…]

Sierra Leone News: NRA loses Le 45 billion

Friday, April 17th, 2015
Sierra Leone News: NRA loses Le 45 billion

The ebola outbreak in Sierra Leone did not only affect the health and social sector, but highly damaged economic activities in the country that leads to the scaling down of many major companies and businesses. One area that was highly affected is the mining sector and because of this, the National Revenue Authority (NRA) through[…]

Sierra Leone News: Radisson Blu gives confidence to ebola fighters

Friday, April 17th, 2015
Sierra Leone News: Radisson Blu gives confidence to ebola fighters

Radisson Blu Mammy Yoko hotel celebrated its first year of operations in Sierra Leone on Wednesday and it has been providing shelter and other facilities for most of the foreign officials that are coming to join the fight against ebola. Speaking to the press, General Manager Nuno Neves said one month after they opened for[…]