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

News in the ‘Business & Finance’ Category

Sierra Leone News:FBN Bank Makes Le8.8bn Profit Before Tax in 2015

Monday, May 23rd, 2016
Sierra Leone News:FBN Bank Makes Le8.8bn Profit Before Tax in 2015

First Bank of Nigeria (FBN) Bank made Le8.8 billion profit before tax in 2015 compared to Le6 billion in 2014. This shows an increase of Le2.8 billion in profit. The profit after tax for the year ended December 31, 2015 was Le6 billion compared to Le4.19 billion the previous year. Total assets of the bank[…]

Sierra Leone News:Ecobank Group Appoints Amin Manekia as Group Exec, Corporate & Investment Banking

Monday, May 23rd, 2016
Sierra Leone News:Ecobank Group Appoints Amin Manekia as Group Exec, Corporate & Investment Banking

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group,  announced the appointment of Mr Amin Manekia as Group Executive of its Corporate & Investment Banking business. Mr Manekia steps into the position vacated in late 2015 by Mr Charles Kié, who moved to become Managing Director of Ecobank Nigeria. A national of Pakistan, Amin[…]

Sierra Leone News:New United Nations study finds digital payments to Ebola response workers saved lives and $10 million

Monday, May 23rd, 2016
Sierra Leone News:New United Nations study finds digital payments to Ebola response workers saved lives and $10 million

By using digital payments to pay Ebola response workers, Sierra Leone massively cut payment times, avoiding large-scale strikes and ensuring a stable workforce to defeat Ebola. Sierra Leone’s experience shows the critical importance of preparing early for digital payments before crises hit. Mobile phones serving as digital “wallets” for payments to response workers proved an[…]

Sierra Leone News:Ecobank and Old Mutual announce enhanced strategic agreement

Monday, May 23rd, 2016
Sierra Leone News:Ecobank and Old Mutual announce enhanced strategic agreement

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, and Old Mutual Emerging Markets (OMEM), a part of the Old Mutual Group, today announced an enhanced strategic agreement that will strengthen existing ties between the leading pan-African bank and the insurance and asset management giant. Old Mutual Emerging Markets currently has a bancassurance partnership[…]

Sierra Leone News: SLIEPA COLLABORATES WITH HFC AND FREETOWN INSIGHT TO ATTRACT INVESTORS TO SIERRA LEONE

Saturday, May 21st, 2016
Sierra Leone News: SLIEPA COLLABORATES WITH HFC AND FREETOWN INSIGHT TO ATTRACT INVESTORS TO SIERRA LEONE

The Sierra Leone Investment and Export Promotion Agency (SLIEPA) in collaboration with Herbert Smith Freehills a reputable legal firm based in the United Kingdom and Freetown Insight magazine hosted this year’s Invest Sierra Leone 2016 on the 5th of May 2016 in London. This forum is the only annual investment forum dedicated to encourage investment[…]

Sierra Leone News: $100,000 for the operation of Joint Maritime Committee

Saturday, May 21st, 2016
Sierra Leone News: $100,000 for the operation of Joint Maritime Committee

Parminder Brar, the Country Manager of World Bank, recently disclosed that funding of $100,000 (one hundred thousand US dollars)  is now  available from the Isle of Man for meeting the cost of the operations of the Joint Maritime Committee (JMC); this means that there is adequate funding available for the JMC to be operational. He[…]

Sierra Leone News: Alleged Le380m fraud at Zenith Bank

Saturday, May 21st, 2016

Frank Bioh, an alleged Nigerian, was on Wednesday dragged before Magistrate Binneh Kamara for intending to fraudulently withdraw the sum of three hundred and eighty million Leones (Le380, 000,000) from the Vita Foam Company’s account at the Zenith Bank. According to the particulars of offence, the accused, Frank Bioh, who is also an alleged businessman[…]

Sierra Leone News: NASSIT Pensioners Association gets new leader

Monday, May 16th, 2016

Mr. Foday Sadique Fofana, a retired staff of NASSIT and Chairman of the Northern Region Chapter of the NASSIT Pensioners Association (SL), has been duly elected National President of the Association during bye elections held in Bo City on Friday 13th May 2016. Fofana defeated Mr. Victor Macauley who is the Chairman of the West[…]

Sierra Leone News: UBA Records Le.19.7bn Profit before Tax in 2015

Monday, May 16th, 2016

United Bank for Africa (SL) Ltd has recorded a profit before tax of Le19.7 billion for the year ended December 31, 2015, showing an increase of 62 per cent compared with Le12.1 billion in 2014. Similarly, the bank surmounted macroeconomic pressures to grow profit after tax by 59 per cent to Le13.6 billion, from Le8.5[…]

Sierra Leone News: Zenith Bank Reports Le1.26bn Profit Before Tax in 2015

Monday, May 16th, 2016

Zenith Bank reported Le1.26 billion Profit Before Tax for the year ended 31st December 2015 compared to Le1bn recorded in 2014, the bank stated in a financial statement. Profit after tax was Le1.52bn compared to Le959 million in 2014. Total assets of the bank increased to Le283 billion in 2015 from Le248.8 billion reported the[…]