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News in the ‘Business & Finance’ Category

Sierra Leone Business: New and modernised X-ray Cargo Container Scanner installed at the Quay by Africa Link Inspection Company Ltd

Monday, February 6th, 2017
Sierra Leone Business: New and modernised X-ray Cargo Container Scanner installed at the Quay by Africa Link Inspection Company Ltd

              New and modernised X-ray Cargo Container Scanner installed at the Quay by Africa Link Inspection Company Ltd Because of the time spent in the scanning of import and export cargo containers at the Queen Elizabeth II Quay, Africa Link Inspection Company (S.L) Ltd (ALIC), engaged in the classification[…]

Sierra Leone Business: Iluka posts big loss

Monday, February 6th, 2017

I luka Resources which recently acquired Sierra Rutile for $425m, has said it would declare a 2016 after-tax loss of between $220m and $230m because of the write downs, which were $141m after tax. According to The Australian, “As a consequence of mine schedule changes at Sierra Rutile over the period prior to Iluka taking[…]

Sierra Leone Business: President Koroma launches Pendembu – Kailahun Road

Monday, February 6th, 2017
Sierra Leone Business: President Koroma launches Pendembu – Kailahun Road

President Ernest Koroma commissioned on 4th February the Kenema – Pendembu Road built by the Korean company ISU Engineering and Construction Company Ltd; and also launched the construction of the 17 miles Pendembu – Kailahun project. The construction of the Pendembu – Kailahun road will be done this time by Chico, a Chinese construction company.[…]

Sierra Leone Business: West Africa Monetary zone holds conference in Freetown

Monday, February 6th, 2017

The West African Monetary Zone (WAMZ) is holding it first post-ebola statutory meetings in Freetown which began on the 3rd February. The meeting will continue and will end on 10th February. Delegates include bank governors and ministers of finance in the six countries that make up WAMZ. Sierra Leone, Guinea, Nigeria, Ghana, Gambia and Liberia[…]

Sierra Leone Business: Keystone Bank, latest to issue base rate

Monday, February 6th, 2017

The Keystone Bank is the 8th bank to issue its base rate of 11 percent. There are 13 commercial banks operating in the country and 5 are yet to publish their prime lending rate or base rate. Monday February 06, 2017

Sierra Leone Business: Parliament ratifies Cargo Tracking Note Agreement

Monday, February 6th, 2017

Members of Parliament have ratified the Cargo Tracking Note Agreement (CTN) to improve on security around the port facility and to create a system to verify the content of every cargo moving from port to port. The system enables individuals and companies to track the movement of their cargoes by a CTN camera from port[…]

Sierra Leone Business: Rokel Commercial Bank holds AGM February 20

Monday, February 6th, 2017

The Rokel Commercial Bank (RCB) will hold its 45th Annual General Meeting (AGM) on 20 February 2017 at the Beccles – Davies Hall in Freetown. The audited financial statements as at 31st December 2015 of the Bank will be looked at during the AGM, a release from the bank stated. Monday February 06, 2017

Sierra Leone Business: First Discount House to trade shares today

Monday, February 6th, 2017

First Discount House is now one of the three listed companies on the Sierra Leone Stock Exchange and will start trading today February 6th, Daniel Serry, General Manager of the company says. Trading is on the fifth floor of the defunct National Development Bank building that has been refurbished at Siaka Stevens Street in Freetown.[…]

Sierra Leone Business: Aureol Insurance 30th Anniversary Celebration Continues

Monday, February 6th, 2017

Aureol Insurance Company continues to celebrate its 30th year in the insurance business in Sierra Leone. The company had the Muslim Juma prayer on 3rd February and the thanksgiving church service yesterday in Freetown. Aureol Insurance is among the top 3 companies in the country. “Aureol Insurance Company was formed in November 1986 following the[…]

Sierra Leone Business: Trumpnomics for a New America

Monday, January 30th, 2017
Sierra Leone Business: Trumpnomics for a New America

President Donald John Trump the 45th President of the United States of America in his inaugural address to the American people on 20th January 2017 stressed ‘America first.’ His economic agenda dubbed here as Trumpnomics is ‘buy America, hire America’. Perhaps we will add ‘carry America’. At the core of his economic principles is the[…]