In line with expressed pronouncement made during the unveiling of its new corporate outlook on the 12th of January 2012 in Freetown, Sierra Leone’s emerging multinational NP has already started erecting ultra modern fuel retail outlets in and around Monrovia city in Liberia and has slated millions of dollars to fund its cross border investment[...]

African Minerals Limited (AML) $1.5 billion shares subscription agreement with China’s Shandong Group which was subject to regulatory approval in China appears to be on track as revealed by the Iron Miner on Monday. AML said on Monday that it has been notified by Shandong Iron and Steel Group (“SISG” or “Shandong”) that “relevant approval[...]

London Mining made public on Monday that it has completed a “US$91 million institutional share placing” announced in January after the second tranche of shares was admitted to trading on the AIM market. London Mining announced on the 24th of January that 22,685,000 new ordinary shares in the Company “had been successfully placed” by J.P.[...]

The joy of being his own boss and the pride of being able to put food on the family table is what motivates any man to become financially independent. The pride of any man is to earn as much money during your younger years and invest this in fixed assets. One such business that is[...]

The Freetown International Airport situated in Lungi handled an average of three thousand (3,000) visiting air passengers every month in 2011. This is according to statistics released by the National Tourist Board (NTB) for the year 2011. In his analysis NTB General Manager Cecil Williams opined that the 50ieth anniversary celebrations during April, seems to[...]

Bank of Sierra Leone’s Monetary Policy Committee (MPC) met on Thursday 9th February 2012 to discuss what it termed as “recent developments” in various sectors of the economy along with their “implications for monetary policy management” and to review the Bank of Sierra Leone Monetary Policy Rate (MPR). After deliberations the MPC maintained Sierra Leone’s[...]

AGFUND BIP-Sierra Leone a pro-poor micro finance bank has disclosed to Awoko Business in Freetown that since it commenced operations in the Country BIP has “successfully” funded the development of 447 micro enterprises. Speaking to Awoko Business yesterday Ayman AlBarawi General Manager BIP said AGFUND BIP believes that Micro enterprise is an important engine for[...]

The dollar closed at Le4, 350.91 last week. It opened this week recording it week close value at Le4, 350.91, maintaining the same exchange value at Le4, 350.91 mid- week, closing the week recording slight depreciation at Le 4,355.88 The Pound closed at Le6, 906.21 last week, opening the week recording appreciation at Le6, 892.94.[...]

European Investment Bank (EIB) has said in Freetown through its regional representative in West Africa Christopher Lucet that the bank has made available to Ecobank the sum of 50million Euros from which USD 2.9 million is slated for Ecobank Sierra Leone aimed at easing capital acquisition for SMEs in the Country. “The role of EIB[...]

London AIM listed (AIM: STEL) diamond mining and exploration company Stellar Diamond this Monday released its “initial” Kono bulk sampling diamond grade results from the Lion-5 kimberlite dyke. Stellar said Lion-5 kimberlite “has been mapped over a distance of 1,990m to date” and is expected to extend beyond this distance. The kimberlite was excavated over[...]