Economy & Business

No increase in Sierra Leone visa fees for UK travellers

Sierra Leone Telegraph: 5 December 2018: The Sierra Leone Telegraph has been reliably informed that a story published two days ago suggesting that the government of Sierra Leone has increased visa fees for travellers from the UK visiting Sierra Leone is misleading. The story believed to have been published by [Read More]

Economy & Business

Africa poised to create the largest free-trade area in the world

Sierra Leone Telegraph: 5 December 2018: A total of 44 African nations signed the landmark African Continental Free Trade agreement earlier this year, with only 12 out of the required 22 countries ratifying the accord, but policy makers say there is enough time and practical solutions to move the process [Read More]

Economy & Business

Sierra Rutile mining operations resume as workers agree to return to work

Sierra Leone Telegraph: 4 December 2018: Iluka Resources has reportedly restarted operations at its Sierra Rutile mining site in Sierra Leone, following the decision of the mine workers union to end their strike action and return to work. The resumption of mining operations comes as a result of negotiations  involving [Read More]

Economy & Business

Africa must focus on its big resource – its young people, experts urge

Sierra Leone Telegraph: 4 December 2018: Professor Paul Collier, one of the world’s most influential development economists, warns that Africa’s “easy decade” of accelerated economic growth is coming to an end, and only accelerated job creation and integration will ensure sustainable growth and development across the continent. Dr. Collier, Professor [Read More]

Economy & Business

GTMS to invest in advanced Cargo Tracking

Abu Bakarr Kargbo: Sierra Leone Telegraph: 4 December 2018: Global Tracking and Maritime Solutions (GTMS), is an expert in Cargo Tracking Notes (CTN) founded by Sierra Leonean Investor, Sahr Ngegba who has been making an impact in Africa. They have secured major contracts with some African countries such as Guinea, [Read More]

Economy & Business

IMF economic stimulus and Sierra Leone government’s New Direction trajectory – Op ed

Umaru Napoleon Koroma: Sierra Leone Telegraph: 3 December 2018: The SLPP government under the astute leadership of His Excellency the President Retired Brigadier Julius Maada Bio has just last week got an economic stimulus of a staggering $171.5m from the International Monetary Fund or IMF. As an immediate measure $21.5m [Read More]

Economy & Business

Le 22.2 billion missing revenue unaccounted for by former government

Ahmed Sahid Nasralla: Sierra Leone Telegraph: 3 December 2018: Over Le 22.2 billion in revenues is still unaccounted for by various Government Ministries, Departments and Agencies (MDAs) as a result of discrepancies in what was recorded in the National Revenue Authority (NRA) cash book, statements in transit accounts and what [Read More]

Economy & Business

Sierra Leone NRA collected a record Le400 billion in taxes in September 2018

Sierra Leone Telegraph: 1 December 2018: In September 2018, Sierra Leone’s National Revenue Authority (NRA) collected over Le 400 billion for the first in its history, but needs to double this trend by 2023, if the 20% of domestic revenue to GDP ratio is to be achieved by the government, [Read More]

Economy & Business

IMF approves US$172 million finance for Sierra Leone

Sierra Leone Telegraph: 1 December 2018: The International Monetary Fund (IMF) yesterday announced it has approved $172.1 million in extended credit finance to the government of president Julius Maada Bio, as international confidence in the new government returns. Announcing its decision yesterday, the IMF said that its Executive Board has [Read More]