Economy & Business

Three electricity distribution officials arrested for corruption in Sierra Leone

Sierra Leone Telegraph: 19 October 2020: Sierra Leone’s Anti-Corruption Commission (ACC) Elite Scorpion Squad today arrested three officials of the Electricity Distribution and Supply Agency’s (EDSA) billing section at Siaka Stevens Street in Freetown. According to the ACC statement, they are believed to have facilitated the embezzlement of over One [Read More]

Economy & Business

African Heads of State call on world leaders to increase investment to end rural hunger and poverty

Sierra Leone Telegraph: 19 October 2020: Ten African Heads of State have issued a strong call to other world leaders to increase their funding to the International Fund for Agricultural Development (IFAD) or risk jeopardizing Sustainable Development Goal targets for eradicating poverty and hunger, particularly in Africa. “We share IFAD’s [Read More]

Economy & Business

Female entrepreneur loses thousands of dollars investment in Sierra Leone – still no justice

Sierra Leone Telegraph: 18 October 2020: Just when she thought it was safe and the right decision to return home to Sierra Leone to invest her hard earned cash in her country of birth, Mrs Annie Metzger has witnessed all her hard work and investments gone up in smoke, as [Read More]

Economy & Business

ACC investigated and charged three tax officials for stealing billions of foreign travel tax revenue

Sierra Leone Telegraph: 17 October 2020: Following the publication of a report by the Africanist Press about the Billions of Leones stolen by tax officials working for the country’s National Revenue Authority (NRA), the Anti-Corruption Commission (ACC) yesterday issued a statement saying that they had conducted an investigation into the [Read More]

Economy & Business

Billions in foreign travel tax revenue missing in Sierra Leone government account – says new report

Sierra Leone Telegraph: 15 October 2020: Just as the New Direction government of President Julius Maada Bio says it is beginning to get grips with massive corruption in the country, then comes revelation that Billions of Leones are being siphoned into private accounts of corrupt officials and private corporations. A [Read More]

Economy & Business

Changes in energy sector financing during COVID-19 – Lessons from the Ebola outbreak in Sierra Leone

Sierra Leone Telegraph: 11 October 2020: A new knowledge brief released by Sustainable Energy for All (SEforALL) and Climate Policy Initiative (CPI) highlights how a health crisis like COVID-19 threatens to derail progress on providing energy access to countries that need it most, compromising both an effective response to the [Read More]

Economy & Business

World Bank confirms economic downturn in Sub-Saharan Africa

Sierra Leone Telegraph: 11 October 2020: Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according to the latest regional economic analysis Africa’s Pulse: Charting the [Read More]

Economy & Business

Sierra Leone’s finance minister Saffa prepares for major policy shift in 2021 budget

Sierra Leone Telegraph: 3 October 2020: Sierra Leone’s Minister of Finance –  Jacob Jusu Saffa says that the government intends to make major policy shifts in agriculture, teenage pregnancy, health system, and recurrent spending. He was speaking last Thursday at the formal opening of the Fiscal Year 2021 Budget Conference [Read More]

Economy & Business

China’s Kingho Mining takes over Tonkolili Iron Ore mining operations in Sierra Leone 

Abdul Malik Bangura: Sierra Leone Telegraph: 26 September 2020: The government of Sierra Leone through the Ministry of Mines and Mineral Resources last Thursday handed over the Tonkolili Iron Ore mining operations to Chinese owned – Kingho Mining Company Limited. The handing over ceremony which took place at the Bumbuna [Read More]