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

News in the ‘Business & Finance’ Category

Sierra Leone News: Inflation Increases to 8.85 % in December 2015

Monday, February 8th, 2016

The annual inflation rate increased in December 2015 to 8.85 percent from 8.71 percent in November 2015, according to the statistics agency. “This has resulted to an increase in the prices of food items, restaurant and hotels, housing materials and footwear across the country due to the steady depreciation of the Leone as against the[…]

Sierra Leone News: Parliament ratifies $750,000 Port Master Plan agreement

Friday, February 5th, 2016

Members of Parliament (MPs) yesterday unanimously ratified the grant agreement between Sierra Leone and the African Development Bank (ADB) that was laid on the table of Parliament on the 2nd February 2016 with total grant of seven hundred and fifty thousand US Dollars ($750,000). Presenting the Bill to MPs for deliberation, the Deputy Minister of[…]

Sierra Leone News: Ministry of Finance starts National Portfolio Review 2016

Friday, February 5th, 2016

The Ministry of Finance and Economic Development has today commenced the 2016 National Portfolio Review of development projects funded by partners of the Government of Sierra Leone. The exercise will re-evaluate more than eighty (80) ongoing projects that are directly funded by Development Partners (DPS) across government. The exercise expected to end on 15th February[…]

Sierra Leone News: Malen Land owners Vs Socfin…State Counsel objects judgement

Friday, February 5th, 2016

Senior State Counsel, Simeon Allieu in the just concluded case between the Malen Land Owners Association and Socfin Agricultural Company, yesterday objected to the judgement passed by Justice Desmond Babatunde Edwards at the Bo High Court. The State Counsel cum Prosecutor pleaded: “I want you to use the appropriate judgement on these people.” Meanwhile, before[…]

Sierra Leone News: Finance Ministry Signs $12m Loan Agreement to Rehabilitate FBC

Monday, February 1st, 2016

The Minister of Finance and Economic Development Dr. Kaifala Marah signed a US$12 million loan agreement with the Saudi Fund for Development (SFD) on Thursday January 28 for the rehabilitation and expansion of Fourah Bay College (FBC). This fund is part of a consortium to the value of US$36.7 million to rehabilitate existing administrative buildings[…]

Sierra Leone News: Governing Council Holds Consultative Meeting to Revive Stock Exchange

Monday, February 1st, 2016

The Governing Council of the Sierra Leone Stock Exchange held a meeting on January 28 in Freetown to revive the Sierra Leone Stock Market. The council suggested that long term bonds and company shares should be traded on the Stock Exchange as investors have lost interest in trading only on Rokel Commercial Bank shares. The[…]

Sierra Leone News: Bank of Sierra Leone Holds Second seminar on the National Switch

Monday, January 25th, 2016

The Bank of Sierra Leone (BSL) and the Sierra Leone Association of Commercial Banks(SLACB) held the second seminar for the construction of a National Switch on January 21 at the Bank of Sierra Leone Complex in Kingtom, Freetown. The Switch will allow for the interconnectivity of commercial banks. Already, BSL has contracted Altarra Group based[…]

Sierra Leone News: For Failing to Comply with Regulations,Petroleum Agency Seal-Off Shell Filling Station

Monday, January 25th, 2016

The Petroleum Regulatory Agency (PRA) has sealed- off former Safecon filling station at Shell New Road Kissy for failing to comply with the regulations for operators of fuel stations. A fuel stations should have a certificate from the labour ministry and another certificate from the Ministry of Works before the owner is allowed to operate,[…]

Sierra Leone News: PMB Review Cocoa Price Upwards, Now Le.13,000 a Kilo

Monday, January 25th, 2016

The Produce Monitoring Board (PMB) has reviewed the price of cocoa upwards from Le. 9,000 to Le.13,000 per kilo for the 2015/2016 crop season, the agency stated in an announcement. The price of coffee remains unchanged at Le. 6,000 a kilo. The PMB is the government agency responsible to regulate the prices of cocoa, coffee[…]

Sierra Leone News: Tourism: Workforce drops by over half

Monday, January 25th, 2016

According to statistics released by the National Tourist Board, the workforce in the tourism industry dropped drastically by 3,242 from 6,073 employees in 2014 to 2,831 in 2015. This 47% drop may be attributable to the outbreak of the Ebola Virus Disease (EVD), which had prompted the government to declare a State of Emergency along[…]