Economy & Business

Sierra Leone’s ailing economy – overcoming the challenges – A rejoinder

John Mannah: Sierra Leone Telegraph: 16 January 2021: In his article on the urgent need to disassemble the SLPP government’s economic governance structure and reconstitute it with committees composed of technocrats from an eclectic mix of talents – corporate, civil society and others, Mr. Suma is suggesting that his proposal [Read More]

Economy & Business

Ministry of planning and economic development and world vision visit water projects

Sierra Leone Telegraph: 13th January 2021: Yesterday, the National Director of NGO Affairs in the Ministry of Planning and Economic Development, Eric Masallay along with World Vision International conducted field monitoring visit of the  Sustainable Water Project in the East of Freetown, Sierra Leone. The site visit was to inspect [Read More]

Economy & Business

Sierra Leone’s ailing economy – overcoming the challenges – Part 1

Jesmed F Suma: Sierra Leone Telegraph: 13 January 2021: Please note that, despite being a member of the NGC party (National Grand Coalition), the opinions offered here do not represent those of the NGC party. They are entirely mine and not that of the party or any member of its [Read More]

Economy & Business

China needs what Africa has for long-term economic and political stability

Dr. Emmanuel Johnson: Sierra Leone Telegraph: 12 January 2021: Africa has become the fastest urbanizing region of the world, with rural migrants moving into cities at a clip that has even surpassed that of China and India, as the continent becomes one of the last frontiers of the fourth industrial [Read More]

Economy & Business

Sierra Leone’s NRA loses Eleven Billion Leones

Lawrence Williams: Sierra Leone Telegraph: 11 January 2021: There is high possibility that the National Revenue Authority of Sierra Leone has lost tax revenue amounting to 11 billion Leones, audit reports revealed. The 2019 Annual Audit Report shows that MDAs, Public Enterprises and Local Councils deducted withholding taxes amounting to [Read More]

Economy & Business

Sierra Leone Parliament to account for Twenty-Two Billion Leones

Lawrence Williams: Sierra Leone Telegraph: 11 January 2021: The 2019 Audit Report uncovers egregious flaws in the handling of Constituency Development Funds (CDF) by MPs, amounting to 22 billion Leones. Schedules to the financial statements for Constituency Development Funds examined by the auditors revealed that Le10.1 billion and Le12.2 billion [Read More]

Economy & Business

Liberia should prioritise supply of Liberian dollar – says IMF, what about Sierra Leone?

Sierra Leone Telegraph: 10 January 2021: As Sierra Leone struggles with its money supply, last month – December 21, 2020, the Executive Board of the International Monetary Fund (IMF) completed the first and second reviews of Liberia’s economic performance, under the Extended Credit Facility (ECF). “Priority should be given to [Read More]

Economy & Business

Kingho and Sierra Leone government sign railway and port lease agreement

Sierra Leone Telegraph: 09 January 2021: Yesterday, the management of Kingho Investment Company Limited signed a lease agreement with officials of the mining and minerals sector of Sierra Leone for the use of railway and port facilities that will ensure the company’s subsidiary – Kingho Railway and Port Company Limited [Read More]

Economy & Business

Global economy to expand by 4% in 2021

Sierra Leone Telegraph: 06 January 2021: The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. A recovery, however, will likely be subdued, unless policy makers move decisively to tame the pandemic and implement investment-enhancing reforms, the World Bank [Read More]