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

News in the ‘Business & Finance’ Category

Sierra Leone News:EDSA adds 15% GST to Electricity Tariffs

Monday, September 26th, 2016
Sierra Leone News:EDSA adds 15% GST  to Electricity Tariffs

The Electricity Distribution and Supply Authority (EDSA) has added 15 percent Goods and Services Tax (GST) to electricity tariffs starting September 2016, Ambassador Henry Macauley, Minister of Energy said in a press conference in Freetown. “The 15 percent GST is included in the tariff adjustment because that is an IMF [International Monetary Fund] conditionality. There[…]

Sierra Leone News: More taxes to impact directly on consumer spending

Monday, September 26th, 2016
Sierra Leone News: More taxes to impact directly on consumer spending

The signing into law of the Finance Act 2016 has seen an increase in consumer spending as the tax laws directly impacts on consumers. The implementation so far increases the prices of essential goods and services that the people need. Imagine the impact of the new excise duty on imported alcohol, the 15 percent Goods[…]

Sierra Leone News:Elumelu Wins Africa Investor ‘Person Of The Year’ Award In New York;

Monday, September 26th, 2016
Sierra Leone News:Elumelu Wins Africa Investor ‘Person Of The Year’ Award In New York;

Dedicates It To All Stakeholders Working Hard To Power Africa Out Of Poverty Chairman of Heirs Holdings, Mr. Tony Elumelu, yesterday, while receiving the ‘Person of the Year’ award at the Africa Investor CEO Institutional Investment Summit hosted alongside the UN General Assembly in New York, extolled stakeholders in the public and private sectors committed[…]

Sierra Leone News:3,000 FARMERS TO BENEFIT FROM A DIASPORA – LED PROJECT

Monday, September 26th, 2016
Sierra Leone News:3,000 FARMERS TO BENEFIT FROM A DIASPORA – LED PROJECT

The Seeds for Growth Foundation (SGF) is a diaspora- led initiative that is set to support three thousand farmers and their Children towards better livelihood in rural Sierra Leone. The project is the brainchild of Mr. Kapri Turay, a Sierra Leonean ex-asylum seeker who has lived in the Netherlands for more than seventeen years. According[…]

Sierra Leone News:US Agency awards $856,000 Grant to Solar Era Holdings

Monday, September 26th, 2016

Solar Era Holdings (SL) Limited has received $856,000 grant from the U.S. Trade and Development Agency (USTDA) to develop a solar photovoltaic (PV) plant and a PV-thermal hybrid project near Bo. The new plants will support more dependable power generation and improve energy access in Sierra Leone. “The United States is proud to help bring[…]

Sierra Leone News:EU Provides EUR 35 Million to fund Agriculture

Monday, September 26th, 2016
Sierra Leone News:EU Provides EUR 35 Million to fund Agriculture

Sierra Leone and the European Union have signed a EUR 35 million (the equivalent of Le210 million) agreement to boost agriculture and the country’s food security drive. The programme known as ‘Boosting Agriculture and Food Security’ (BAFS) aims to increase agricultural productivity, promote commercial farming, and promote sustainable land use. The EU will provide the[…]

Sierra Leone News:NATCOM Awards Subah of Ghana Gateway Contract

Monday, September 26th, 2016

The National Telecommunication Commission (NATCOM) has awarded Subah Infosolutions Ghana Limited the contract to man the country’s gateway. Subah won the contract through a competitive bidding process, emerging as winner among the 12 companies. Eleven of them including Subah are international companies and one local company, NATCOM Chairman Momoh Konte told the press. Subah is[…]

Sierra Leone News: Savings and Loans, transform Lives

Tuesday, September 20th, 2016

With over 10,000 clients, 70% of whom are Women, we have realised that there is a need to expand our services, to support more small and medium businesses.” These were the words of James Kabia, Programme Manager, A Call to Business, (ACTB), group of companies, as he explained about the loans and savings services his[…]

Sierra Leone News: As SL Brewery wakes up, Importers cry foul

Tuesday, September 20th, 2016

It appears the Financial Act 2016 on alcohol tax is having a positive effect on beer lovers to patronise their own brewery. According to sources from the Sierra Leone Brewery,(SLBL) which started serving the nation since 1964 with Star Beer, Guinness Stout, and other malt beverages, the brewery was finding it very difficult to lift[…]

Sierra Leone News: Stock Brokers Discuss Floating and Trading on the Stock Exchange

Tuesday, September 20th, 2016

As part of the process to revamp and subsequently re-launch the Sierra Leone Stock Exchange (SLSE), the two licensed brokers First Discount House Limited and Capital Discount House discussed with stakeholders the processes of floating and trading securities on the stock exchange last Thursday. The stakeholders included the Board of Directors and Management of HFC[…]