In its Country Report No. 18/371 for Sierra Leone, the International Monetary Fund (IMF) stated that to moderate the risk of debt distress, “the authorities remain committed to prudent debt management.” The was contained in the Statement of Dumisani Hebert Mahlinza, Executive Director for Sierra Leone and Willie Nakunyada, Advisor to the Executive Director which[…]
According to the recently launched National AGOA Response Strategy, the new Fisheries Policy which seeks to address all the key issues related to fishing and fishery, its implementation it says risks being hampered by limited resources. The associated strategy the document state makes a good attempt to narrow the focus, establish priorities, and identify next[…]
High import duties and hefty fees and tariffs including a recently introduced US$175 per container agreement appear to be forcing more and more Liberian businesses and individuals to bypass the Liberia Revenue Authority and the National Port Authority by using poorly-manned borders between Liberia and next-door neighbors Guinea and Sierra Leone to bring goods into[…]
The Chief Executive Officer (CEO) of Orange Sierra Leone Mrs Aminata Kane Ndiaye has said that the main objective of the company this year, is to make sure that every part of Sierra Leone has Orange network. Speaking to the people of Yiffin in Nieni chiefdom on Thursday, the CEO said Yiffin is the first beneficiary[…]
The United Arab Emirates-based AMEA Power, an energy producing giant, is exploring investment opportunities in Sierra Leone, a top official disclosed on Tuesday. Hussain J. AI Nowais, Chairman of the company whose interest is focused in Africa, Middle-East and Asia, is currently heading a delegation on a visit to Sierra Leone. According to a release from State[…]
Global food prices began the year on a buoyant note, as the Food and Agricultural Organisation (FAO) Food Price Index averaged 164.8 points in January 2019, up 1.8 percent from the previous month. A sharp rebound in dairy price quotations and firmer prices of palm and soy oils drove the increase, the United Nations agency said[…]
In its review of economic prospects and projections for the continent, the African Development Bank presented its 2019 African Economic Outlook at the 32nd Ordinary Session of the Assembly of the African Union in Addis Ababa. The Country Note review of Sierra Leone stated that the country’s dependence on primary commodity exports makes the country[…]
Total domestic debt stock comprising of marketable and non-marketable securities reached Le4.52 trillion (US$594.37 million) end 2017, this is according to the Ministry of Finance Public Debt Bulletin. Conferring to the figures, the marketable securities include treasury bills and treasury bonds whilst, the non-marketable securities include Ways and Means Advance to the Government and verified domestic[…]
An amount equivalent to US$5million in the books of Road Maintenance Fund Administration (RMFA) was reported as loan to Beton -Villa towards Waterloo township roads projects an audit into the Ministry of Finance and Economic Development (MoFED) in 2017 reveals. But according to the Auditor General the said payment was initially part of an advance[…]
Global food prices held broadly stable in December, with rising international cereal prices offsetting declining sugar and dairy quotations, the Food and Agriculture Organization of the United Nations (FAO) said in a statement. FAO Food Price Index posted a decline in 2018 as only cereal quotations increased, and the Index averaged 161.7 points in December,[…]
