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

News in the ‘Business & Finance’ Category

Sierra Leone News: Rokel Bank: Two seats for Minority shareholders

Friday, October 31st, 2014
Sierra Leone News: Rokel Bank: Two seats for Minority shareholders

The minority shareholders of Rokel Commercial Bank will be breathing a sigh of relief as their long awaited dream of being in the Board of the bank is set to bear fruits within the shortest possible time, as they would be offered two seats soon. This assurance was given at the 43rd Annual General Meeting[...]

Sierra Leone News: Amb. Zhao Meets business stakeholders in Salone

Friday, October 31st, 2014
Sierra Leone News: Amb. Zhao Meets business stakeholders in Salone

Chinese Ambassador Zhao Yanbo, this week met with Samir Hassanyeh, President and other senior members of the Lebanese Community in Sierra Leone. Hassanyeh explained that the purpose of his visit to the Chinese Embassy was specially to express his hearty appreciation of China’s support to help Sierra Leone fight the Ebola virus. He said that[...]

Sierra Leone News: ADB signs USD 450,000 grant with MRU

Friday, October 31st, 2014
Sierra Leone News: ADB signs USD 450,000 grant with MRU

The African Development Bank has yesterday signed a grant of USD 450,000 (UA 300,000) with the Mano River Union Secretariat as part of a USD 7.5 Million (UA 5 Million) grant designed as a crisis response for strengthening institutions and capacity building using the fragile states facility pillar 111. The signing was done at the[...]

Sierra Leone News: Finance Minister signs laboratory agreement

Friday, October 31st, 2014
Sierra Leone News: Finance Minister signs laboratory agreement

As the fight against the deadly haemorrhagic Ebola disease continues, the Minister of Finance and Economic Development, Kelfala Marrah, yesterday signed an agreement with the Chinese Ambassador, Zhao Yanbo, for the construction and installation of a permanent 3 Level Laboratory that is expected to start next month. This historic event took place at the Minister’s[...]

Sierra Leone News:London Mining collapses into administration

Friday, October 17th, 2014

Marampa Iron Ore miner  London Mining has gone into administration, one week after it had announced funding problems resulting in its shares crashing and becoming worthless. In a statement issued yesterday Thursday 16th October, the Company said “Following a longer than expected period of negotiations between the senior lenders and the potential acquirers of the[...]

Sierra Leone News:EU disburses Le60b to reduce poverty

Friday, October 17th, 2014
Sierra Leone News:EU disburses Le60b to reduce poverty

European Union last weekend disbursed €10 million (Le 60 billion) of its three years “State Building Contract” budget support programme which provides overall support of € 35.9 million (Le 215,4 billion) for the 2013-2015 period. The overall objective of this State Building Contract is to assist the Government of Sierra Leone in eradicating poverty, promoting[...]

Sierra Leone News:Airtel Money reaching the unbanked

Friday, October 17th, 2014
Sierra Leone News:Airtel Money reaching the unbanked

Since the outbreak of the Ebola Virus Disease in Sierra Leone many financial institutions have crumbled due to the economic effects of the virus on the livelihood of the people. Commercial Banks have also reduced their operational hours for customers making financial transactions difficult for many people. However, Airtel money has become an alternative source[...]

Sierra Leone News:AFDB APPROVES $98MLN LOAN FOR BIOMEDICAL SCIENCES IN EAST AFRICA

Friday, October 17th, 2014

The board of directors of the African Development Bank (AfDB) has approved loans amounting to 98 million dollars to finance the first phase of East Africa’s Centres of Excellence for Skills and Tertiary Education in Biomedical Sciences. The programme is expected to be rolled out in Kenya, Rwanda, Uganda and Tanzania and aims to develop[...]

Sierra Leone News: London mining up for grabs

Friday, October 10th, 2014
Sierra Leone News: London mining up for grabs

The Marampa iron Ore miner, London Mining is presently suffering from “considerable financial strain” as Iron Ore prices fall to 2009 levels, and the Ebola Virus Disease (EVD) continue to affect its production levels. In an 8th October statement the Company confirmed their worst fears by admitting “the Board believes that there will be little[...]

Sierra Leone News: Made in Sierra Leone ‘Ramatu Soap’ boosted by Ebola

Friday, October 10th, 2014
Sierra Leone News: Made in Sierra Leone ‘Ramatu Soap’ boosted by Ebola

The Ebola Virus Disease (EVD) has brought in a lot of hardships for most Sierra Leoneans. Most commercial business houses are suffering a loss of revenue. The entertainment industry has virtually ground to a halt because the New Health Emergency Regulations dictate that Night clubs and Cinema halls should close. The national brewer  Sierra Leone[...]