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

News in the ‘Business & Finance’ Category

Sierra Leone Business: UTB’s “Glass Tower of Capitalism” opened

Tuesday, March 21st, 2017
Sierra Leone Business: UTB’s “Glass Tower of Capitalism” opened

The CEO and founder of the Union Trust Bank, Dr James Sampha Koroma has described the new seven story Corporate Headquarters of the Bank as Sierra Leone’s first “Glass Tower of Capitalism.” He explained “the nomenclature ‘Glass Tower of Capitalism’ was coined by one of the foremost thinkers in Business Management, Thomas Handy and later[…]

Sierra Leone Business: BAN uncovers over 51bn revenue loss in 4yrs

Tuesday, March 21st, 2017

Budget Advocacy Network (BAN), supported by National Endowment for Democracy, has released its analyses of Sierra Leone’s Audit Service reports on the activities of the country’s National Revenue Authority (NRA) for 2011 and 2014. According to the report over Le51billion was unaccounted for, over the past four years. The four areas covered by the BAN[…]

Sierra Leone Business: US$20m more needed for 2018 election

Tuesday, March 21st, 2017

President Koroma on Thursday March 9, 2017, revealed a funding gap of 20 million dollars for the conduct of the 2018 elections. This was contained in a State House dispatch by the communications unit after a meeting with “development partners” at State House. The dispatch revealed that some forty eight million dollars was needed for[…]

Sierra Leone Business: Zenith 2016 profit (PBT) increase by Le6.4bn to Le7.7bn

Tuesday, March 21st, 2017

Zenith Bank has in its 2016 financials published a Le6.4billion increase in Profit Before Tax (PBT) over its 2015 financials. In 2015 the Bank made a small PBT of Le1.2billion (Le1,264,726,000). In one year the Bank increased its PBT by Le, 6.4 billion (Le6,457,420,000) to now post Le7.7Billion (Le7,722,146,000) in 2016 up from Le1.2billion posted[…]

Sierra Leone Business: Rokel Bank – Not yet out of the woods

Tuesday, March 14th, 2017
Sierra Leone Business: Rokel Bank – Not yet out of the woods

Rokel Commercial Bank (RCB) has posted an impressive turnaround from a massive loss of over a hundred billion Leones in 2013 to a profit of Le1.5 billion three years later in 2016. This does not however tell the entire story. RCB failed to meet four key provisions of the Banking Act. These are the single[…]

Sierra Leone Business: Over 53,000 visitors in 2016

Tuesday, March 14th, 2017
Sierra Leone Business: Over 53,000 visitors in 2016

According to latest Tourism figures released by the National Tourist Board (NTB) there were 29 thousand (29,915) more visitors to Sierra Leone who came in through the Lungi Airport in 2016. Figures for 2015 show that some 23,798 people came in as against 53,713 in 2016 showing a massive leap of 29,915 people. Of these[…]

Sierra Leone Business: Meet The 30 Year-Old Nigerian Entrepreneur Who Helped 3 African Presidents Get Elected

Tuesday, March 14th, 2017
Sierra Leone Business: Meet The 30 Year-Old Nigerian Entrepreneur Who Helped 3 African Presidents Get Elected

“This is the man with the golden touch,” Nana Addo Dankwa Akufo-Addo excitedly told a guest in full glare of jubilant supporters and an observing press. “Anything he touches turns to gold.” He is talking about Adebola Williams, chief executive officer of StateCraft Inc, the communication agency that helped power Ghana’s three-time presidential aspirant to[…]

Sierra Leone Business: START-UP BUSINESS STARTING AND MANAGING A CLEANING SERVICE BUSINESS WITH MIMIMUM CAPITAL

Tuesday, March 14th, 2017
Sierra Leone Business: START-UP BUSINESS STARTING AND MANAGING A CLEANING SERVICE BUSINESS WITH MIMIMUM CAPITAL

There is a popular adage that says ‘cleanliness is next to godliness’. Most people desire to look smart and clean, to live in a decent and neat environment so little wonder that the cleaning service business is quite popular and lucrative especially in hot and dusty climates, where incidentally, many of our household chores, cleaning[…]

Sierra Leone Business: U.S. has world’s second highest prisoner rate: China report

Tuesday, March 14th, 2017

The United States had the second highest prisoner rate, with 693 prisoners per 100,000 of the national population, according to the Human Rights Record of the United States in 2016 released by China on Thursday. “Roughly 2.2 million people were incarcerated in the United States in 2014,” the report cites data released by a U.S.[…]

Sierra Leone Business: Kenya shilling gains more ground against U.S. dollar

Tuesday, March 14th, 2017

NAIROBI, March 9 (Xinhua) — The Kenya shilling strengthened further against the U.S. dollar on Thursday following increased inflows from foreign investors seeking to trade in government securities. The Central Bank of Kenya quoted the local unit Thursday morning at 102.5 against dollar from 102.6 the previous day. However, commercial banks placed the value of[…]