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

News in the ‘Business & Finance’ Category

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[...]

Sierra Leone News: To fight Crime …Police get nearly $2m for CCTV Cameras

Friday, July 18th, 2014
Sierra Leone News:  To fight Crime …Police get nearly $2m for CCTV Cameras

In his supplementary budget expenditure for the next six months of 2014, the Minister of Finance has revealed that he will be giving the Sierra Leone Police nearly two million dollars (Le8.7billion) “for the procurement of CCTV Cameras and other security devices.” This goes along with Le20.2billion part payment for the procurement of military vehicles,[...]

Sierra Leone News: 2013 Tourist Arrivals jump 36%

Friday, July 18th, 2014
Sierra Leone News:  2013 Tourist Arrivals jump 36%

The National Tourist Board has released its 2013 figures, showing an impressive increase of 36% over the 2012 figures of Tourist/Visitor arrivals at the Lungi International Airport. The figures show that 81,250 tourist/Visitors passed through the Lungi Airport during 2013 as against 59,730 of the same category who passed through in 2012. Of the 81,250[...]

Sierra Leone News: To fund energy sector …Govt. to issue 2 year Electricity Bond

Friday, July 18th, 2014
Sierra Leone News:  To fund energy sector …Govt. to issue 2 year Electricity Bond

The Minister of Finance Dr Keifala Marah has told parliamentarians that “Government will issue a 2 year marketable medium term electricity bond of Le 60 billion in 2014,” which will be used “to minimise cost overruns and ensure timely payments to contractors.” The Finance Minister had argued that, “one of the most urgent challenges to[...]

Sierra Leone News: Is This New Mobile Tax Legal?

Friday, July 18th, 2014

All Bharti Airtel subscribers can remember receiving an SMS message declaring that all calls are now being taxed at Le 6.83 for in network and Le 11.62 for outside network by the minute respectively. They added that this was a NATCOM law. Guess what? Last time I checked it was parliament that made laws and[...]

Sierra Leone News: Comium staff accuses NATCOM of failure

Friday, July 18th, 2014

Aggrieved staff of Comium Sierra Leone have accused the National Telecommunications regulator (NATCOM) of failure to resolve the stalemate between staff and management of the cash-strapped mobile service provider. A scheduled meeting with NATCOM recently, ended in deadlock with staff protesting with banners and placards at the NATCOM office at Hill Station. The aggrieved staff[...]

Sierra Leone News: Traders suspend strike

Friday, July 18th, 2014
Sierra Leone News:  Traders suspend strike

Traders in Freetown have suspended their strike action over high customs duty charges for clearing of goods at the Queen Elizabeth II Quay levied by the National Revenue Authority (NRA). The suspension according to the President of the Sierra Leone Importers Association, Alhaji Tanu Jalloh is to allow for negotiation with Government on how reductions[...]

Sierra Leone News: 2013 Tourism rakes in $58.8m

Friday, July 11th, 2014
Sierra Leone News:  2013 Tourism rakes in $58.8m

The Tourism sector approximately generated some $58.8million dollars in the local economy for the year 2013. According to figures released by the National Tourist Board this is revenue generated from local hotel accommodation, restaurants, transportation and souvenirs etc. These figures are computed from the internationally recognised formulae and guidelines used by the United Nations World[...]

Sierra Leone News: RITCORP balance sheet grows by 11.8billion

Friday, July 11th, 2014
Sierra Leone News:  RITCORP balance sheet grows by 11.8billion

The Premier Insurer Reliance Insurance and Trust Corporation (RITCORP) has posted an improved balance sheet of Le46 billion which is some Le11.8billion Leones over its 2012 figures. The company also posted improved revenues of Le5.8billion from its insurance premiums, which grew from Le21.2billion in 2012 to Le27billion in 2013 under its non life revenue account.[...]