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

News in the ‘Business & Finance’ Category

Sierra Leone Business: World Bank Team engages Tourism Ministry

Wednesday, June 14th, 2017
Sierra Leone Business: World Bank Team engages Tourism Ministry

A Delegation from the World Bank has on Wednesday, 7th June 2017 engaged Senior Staff Members of the Ministry of Tourism and Cultural Affairs (MTCA) and the National Tourist Board of Sierra Leone (NTB) on a one Day Consultative meeting at the Conference Room of the MTCA, Brookfields in Freetown. The delegation from the World[…]

Sierra Leone Business: START-UP BUSINESS HOW TO START AND MANAGE A SUCCESSFUL MENS BARBING SALON

Wednesday, June 14th, 2017
Sierra Leone Business: START-UP BUSINESS HOW TO START AND MANAGE A SUCCESSFUL MENS BARBING SALON

These days most men, boys, girls and some women visit a barbing salon to regularly cut and groom their hair at least twice a month. Those who have fast growing hair do it much more regularly. A good hair cut makes a person look nice and presentable.  This has created a high demand for barbing[…]

Sierra Leone Business: WORLD BANK GIVES MORE $14 MILLION

Wednesday, June 14th, 2017
Sierra Leone Business: WORLD BANK GIVES MORE $14 MILLION

World Bank Country Director Paminder Brar last week disclosed the World Bank has approved new grants for Sierra Leone totalling $14m. These grants will be for Public Financial Management (PFM) and for the Fisheries and Marine Resources Ministry. Brar disclosed the allocation of the $10 million for PFM will see $5 million going to the[…]

Sierra Leone Business: Finance Minister explains IMF Conditionality’s for new $224 million loan

Wednesday, June 14th, 2017
Sierra Leone Business: Finance Minister explains IMF Conditionality’s for new $224 million loan

Finance Minister Momodu Kargbo has revealed that the International Monetary Fund (IMF) has approved a new three-year (2017 to 2019) loan facility of $224 million as “a reward for our good work after successfully concluding a program from 2013 to 2016 where Sierra Leone performed exceptionally well in accordance with the indicators laid down by[…]

Sierra Leone Business: IMF Approves New US$224.2 Million for Sierra Leone

Wednesday, June 14th, 2017
Sierra Leone Business: IMF Approves New US$224.2 Million for Sierra Leone

The Executive Board of the International Monetary Fund (IMF) on Monday 5th June met and approved a new three year Extended Credit Facility (ECF) arrangement for $224.2 million (SDR 161.778 million) According to a press release from the IMF the $224.2 million will be disbursed in tranches, and the first disbursement will amount to $54.3[…]

Sierra Leone Business: American Business Council Launched in Sierra Leone

Wednesday, June 14th, 2017

The American Business Council of Sierra Leone (ABC) has recently been officially launched as a forum for United States and Sierra Leonean companies to strengthen commercial ties between the two countries. The American Business Council according to Scott Risner Economic and Commercial Officer Embassy of the United States of America in Sierra Leone will engage[…]

Sierra Leone Business: START-UP BUSINESS STORIES TOP FIVE RICHEST ENTREPRENEURS OF ALL TIME IN HISTORY

Monday, June 5th, 2017
Sierra Leone Business: START-UP BUSINESS STORIES TOP FIVE RICHEST ENTREPRENEURS OF ALL TIME IN HISTORY

The quest for wealth is as old as humanity. Mankind’s search for wealth spans through generations. The largest chunk of time in every human existence has been spent in search of wealth and power . While some are finding riches, others are not, but few had been able to amass wealth in great quantity such[…]

Sierra Leone Business: S.L Commercial Bank posts 86.2% jump in Profits Before Tax

Monday, June 5th, 2017
Sierra Leone Business: S.L Commercial Bank posts 86.2% jump in Profits Before Tax

The 100% government owned Sierra Leone Commercial Bank (SLCB) has posted an impressive 86.2% or Le30.9 billion (Le30,915,741,000) increase in its profits before tax. Coming from massive losses several years ago, the bank moved from the modest profit before tax of Le4.9 billion (Le4,937,029,000) in 2015 to the impressive Le35.8 billion (Le35,852,770,000) in 2016. There[…]

Sierra Leone Business: ECOBANK posts Le 20.3 billion profit before tax

Monday, June 5th, 2017
Sierra Leone Business: ECOBANK posts Le 20.3 billion profit before tax

The Transnational African Bank (ECOBANK) has posted a Le20.3 billion Profit Before Tax (PBT) for the year 2016. In its published financials, ECOBANK showed a 20% increase in its 2016 profit before tax of Le20.3 billion (Le20,366,674,000), up by Le4 billion (Le4,099,553,000) from its 2015 figures (Le16,267,121,000). Its deposits from customers grew by 5.9% or[…]

Sierra Leone Business: Israel signs $1 bn solar commitment to ECOWAS

Monday, June 5th, 2017

The State of Israel has signed a Memorandum of Understanding with ECOWAS to invest $1 billion over the next four years on green energy projects across the 15 member states of ECOWAS. As a first step Israel yesterday Sunday signed a $20 million agreement for Liberia’s first solar field. “In honor of President Ellen Johnson[…]