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

News in the ‘Business & Finance’ Category

Sierra Leone News: 2 Directors resign from FiBank Board but …Who owns FiBank (SL)???

Monday, December 19th, 2016
Sierra Leone News: 2 Directors resign from FiBank Board but …Who owns FiBank (SL)???

Two Directors of the Board of FiBank have resigned. The two (names withheld) have declined to make known their actual reasons for resigning from the Board but sources say it might not be unconnected with the seeming unclear status of ownership of the FiB group. According to background checks done by Awoko, FiB is a[…]

Sierra Leone News: Governor Marah launches Strategy to fund small businesses

Monday, December 19th, 2016
Sierra Leone News: Governor Marah launches Strategy to fund small businesses

The Governor of the Bank of Sierra Leone Dr Kaifala Marah launched the National Strategy for Financial Inclusion on 16th December at the Bank of Sierra Leone (BSL) office in Freetown. The strategy is a 4-year project starting 2017 aimed at increasing access to finance for micro, small and medium enterprises (MSMEs). The vision of[…]

Sierra Leone News: Frank Timis’ Burkina Manganese Mine Nears Collapse

Monday, December 19th, 2016

A unit of Timis Mining Corp. that says it was forced to stop developing the world’s largest manganese deposit may seek as much as $4 billion in damages from Burkina Faso because the suspension of mining will endanger its other projects in West Africa. Pan African Minerals’ $1 billion Tambao project has been “completely suspended”[…]

Sierra Leone News: SLPMC to buy 100 Metric tonnes of Cocoa

Tuesday, December 13th, 2016
Sierra Leone News: SLPMC to buy 100 Metric tonnes of Cocoa

The Sierra Leone Produce Marketing Company (SLPMC) targets to buy 100 metric tonnes or four containers of 40ft each of cocoa before the end of the 2016/17 crop season. This will almost double the 53 metric tonnes bought in the 2015/16 crop season. Already, the state-owned company has bought from the farmers over 63 metric[…]

Sierra Leone News: Brewery Meets with Sorghum Farmers in Kambia District

Tuesday, December 13th, 2016
Sierra Leone News: Brewery Meets with Sorghum Farmers in Kambia District

A team from The Netherlands including Paul Stanger, Director of Local Sourcing AMEE (African Middle East and Eastern Europe) Heineken International, and Dennis Jusu President of Sorghum farmers Association visited a SLARI demonstration farm and met with sorghum farmers in Kambia last Thursday, December 6. Sierra Leone Brewery Limited (SLBL) largely owned by Heineken International[…]

Sierra Leone News: Iluka plans to spend over $290 on Sierra Rutile

Tuesday, December 13th, 2016
Sierra Leone News: Iluka plans to spend over $290 on Sierra Rutile

Australian sands miner Iluka has indicated that it will be spending over $290million on its newly 3 mines under Sierra Rutile. The mineral sands miner this past week completed its $375million takeover of the Sierra Rutile mines after it brought in geotechnical consultants to properly “check leakage from the Gangama dam site,” which delayed the[…]

Sierra Leone News: IMF Executive Board okays US$33.23 Million Disbursement

Tuesday, December 13th, 2016
Sierra Leone News: IMF Executive Board okays US$33.23 Million Disbursement

The Executive Board of the International Monetary Fund has completed its 6th review of the Extended Credit Facility (ECF) which was agreed in 2013 involving the disbursement of $253.81million (SDR186.66million). The Executive Board at its meeting this week okayed the last disbursement of $33.23million (SDR24.44million) to complete the $253.81 million. This brings to an end[…]

Sierra Leone News: Nigeria’s Buhari to Present 2017 Budget On December 14

Tuesday, December 13th, 2016
Sierra Leone News: Nigeria’s Buhari to Present 2017 Budget On December 14

President Muhammadu Buhari will present the 2017 Appropriation Bill of Nigeria to the National Assembly on Wednesday, December 14, 2016. Buhari made the disclosure in a letter written to the Assembly and read by Senate President, Bukola Saraki on Tuesday, December 6, during the Senate plenary session. The presentation will be made before a join[…]

Sierra Leone News: President Koroma’s Visit to China how does it benefit businesses

Tuesday, December 13th, 2016
Sierra Leone News: President Koroma’s Visit to China how does it benefit businesses

China is the biggest bilateral trading partner of Sierra Leone. China buys almost all of the iron ore produced and many of the imports to the country from Asia are from China. There are strong economic and trade linkages apart from the political relationship with the second largest economy on the globe. Each time therefore[…]

Sierra Leone News: The African Development Bank (AfDB) appoints MCB Investment Management as Fund Manager for its first Fixed Income Exchange Traded Fund (ETF) in Africa

Tuesday, December 13th, 2016

The ETF will be invested in both government and corporate bonds, and will initially be listed on the Stock Exchange of Mauritius. The African Development Bank (AfDB) has appointed MCB Investment Management (MCBIM), a subsidiary of MCB Capital Markets, as Fund Manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa. The[…]