Economy

World Bank loans $30 Million to Sierra Leone as government struggles for cash

July 26, 2017 Abdul Rashid Thomas 1

Sierra Leone Telegraph: 26 July 2017 Since coming to power in 2007 with a new dogma and promise to ‘run Sierra Leone like a business’, president Koroma is far from translating this promise into a viable programme for development. His time has now almost run out, as he prepares to [Read More]

Economy

Extreme poverty is an injustice and serious threat to national security – says Sierra Leone’s finance minister

July 22, 2017 Abdul Rashid Thomas 2

Dennis Kabatto Sierra Leone Telegraph: 22 July 2017 Minister of Finance and Economic Development, Momodu Kargbo said Tuesday that the government of Sierra Leone considers extreme poverty as a prevalence of injustice and a serious threat to national security. He made the comment at a three day ministerial meeting of [Read More]

Economy

Your $50 million diamond is safe in our hands – says Sierra Leone National Minerals Agency

July 19, 2017 Abdul Rashid Thomas 1

Sierra Leone Telegraph: 19 July 2017 After much speculation and pressure from the Sierra Leone Telegraph, demanding that the government of Sierra Leone makes a statement about the whereabouts of the estimated $50 million diamond, which was found a few months ago by a local pastor in Kono, the country’s [Read More]

Economy

Parliament approves Dr. Conteh as new Bank Governor of Sierra Leone

July 19, 2017 Abdul Rashid Thomas 2

Sierra Leone Telegraph: 19 July 2017 The Parliament of Sierra Leone, yesterday Tuesday, 18th July 2017 unanimously ratified the appointment of Dr. Patrick Saidu Conteh by president Koroma, as the new Bank Governor of Sierra Leone, following the resignation of his predecessor, Dr. Kaifala Marah. The Speaker of Parliament – [Read More]

Economy

Africa is high on the G20 summit agenda – but will Trump thwart progress?

June 29, 2017 Abdul Rashid Thomas 0

Sierra Leone Telegraph: 29 June 2016 The G20 meets in Hamburg, Germany next week. High on its agenda is an initiative aimed at boosting private sector investment in Africa to support economic growth and job creation. The danger is that the proposal could come to naught given President Donald Trump’s [Read More]

Economy

The World Bank reinvents itself – and puts poverty reduction at risk

June 21, 2017 Abdul Rashid Thomas 0

Sierra Leone Telegraph: 21 June 2017 Three weeks ago, the president of Sierra Leone – Ernest Bai Koroma chaired the Sierra Leone Development Finance Forum, which was jointly organised by the World Bank and the country’s ministry of finance and economic development in the capital Freetown. The aim of the [Read More]

Economy

IMF approves $224 million loan for Sierra Leone to help push forward economic development

June 6, 2017 Abdul Rashid Thomas 2

Sierra Leone Telegraph: 06 June 2017 The Executive Board of the International Monetary Fund (IMF), yesterday announced that it has agreed to provide $224 million loan to the Koroma government of Sierra Leone, to help the country weather the economic storm that is causing much social and financial hardship for [Read More]

Economy

Israel to invest one billion dollars in developing solar energy in West Africa

June 4, 2017 Abdul Rashid Thomas 0

Sierra Leone Telegraph: 4 June 2017 Last Friday, 2nd of June 2017, the Economic Community of West African States (ECOWAS) signed an unprecedented Memorandum of Understanding (MOU) that will see Israel investing one billion dollars across 15 countries in the West African sub-region to meet the electricity needs of those countries [Read More]