The Chairman Board of Directors of Standard Chartered Bank Sierra Leone Alex B Kamara has officially resigned his position yesterday during the Bank’s Annual General Meeting after serving the post for eight years; however Dr. Claudius Bart Williams was unanimously appointed as a replacement. Alex B Kamara was appointed as Chairman of the Board since[...]
Standard Chartered Sierra Leone yesterday informed shareholders during the company’s Annual General Meeting about drop in dividends from Le 0.48 in the previous year to Le 0.28 per share after making adjustments for statutory reserve and paid up capital. According to the Chairman of the Board Alex B Kamara the bank’s 2012 net revenue increased[...]
Sierra Leone’s smallest indigenously owned Commercial Bank the Union Trust Bank has posted a nearly Le3bn drop in 2012 profits before tax over the 2011 profits before tax. In its published financial statements, UTB posted profit before tax of Le8.2bn (Le8,223,117) for 2012 which is Le2.9bn (Le2,924,209) less than the profits before tax for 2011,[...]
One of three indigenous Commercial Bank’s in Sierra Leone the Rokel Commercial bank which was formerly Barclays Bank has posted a drop in 2012 profits before tax of Le4.2bn. According to the published balance sheets the bank made profits before tax of Le10bn (Le9,889,916) in 2012 which is Le4.2bn (Le4,252,913) less than its 2011 profits[...]
The Pan African Commercial Bank operating in Sierra Leone under the name ECOBANK has posted increased profit before tax of over Le3bn for 2012. In 2011 the Bank posted profits before tax of Le6bn (Le5,593,878) which is Le3.1bn (Le3,109,027) less than the profits before tax of Le9bn (Le8,702,905) posted for 2012. The profits before tax[...]
The Sierra Leone Investment and Export Promotion Agency, (SLIEPA) with support from British Council, has started a two day training for small and medium enterprises in Sierra Leone. The training which is taking place at the conference Hall at SLIEPA headquarters, Tower Hill Freetown attracted SMEs from the agro and food processing sector, clothing and[...]
The Government of Sierra Leone through the Ministry of Mines and Mineral Resources has this week signed a Memorandum of Understanding with China Kingho Energy Group Co., Ltd on the development of mineral resources in Sierra Leone. With Six Billion United States Dollars investments ear marked as contained in the MOU, the proposals contain plans[...]
The American Chamber of Commerce (AMCHAM) Sierra Leone is on the verge of breaking up with serious acrimony between its Board, and members and now the American embassy has also been dragged into the fray. The somewhat unresolvable quarrel started when the Board of Directors which has two co-chairs Messrs Ali Daklallah and Wilfred Sam[...]
In a bid to develop the tourism industry in the country and to raise the level of employment in the country, a Civil Engineer Usman Conteh (alias Conteh – U) has constructed a State of the Art 85 bed rooms Hotel in the municipality of Makeni with three sections of two chalets and a big[...]
The shortage of cement last week seriously affected the Construction industry in the country causing serious setback for many, as the only cement Factory LEOCEM carried out routine maintenance on its production facilities. A contractor has claimed that “It’s hurting us, and the prices are escalating in the local market causing serious financial burden on[...]
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