Economy & Business

Coronavirus  pandemic is no time for fiscal distancing – an opinion

Akinwumi A. Adesina: Sierra Leone Telegraph: 7 April 2020: If we do not collectively defeat the coronavirus in Africa, we will not defeat it anywhere else in the world. These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic. And it [Read More]

Economy & Business

135 European and other foreign visitors flown out of Sierra Leone

Sierra Leone Telegraph: 6 April 2020: A special chartered flight from Brussels last night landed at the Lungi international airport in Freetown, carrying vital medicines and medical supplies valued at $130.000. The cargo weighs about 18 tons and contains critical medical products procured by UNICEF on behalf of the country’s [Read More]

Economy & Business

COVID-19 pandemic – IMF approves $21.13 million to help stabilise Sierra Leone economy  

Sierra Leone Telegraph: 4 April 2020: The Executive Board of the International Monetary Fund (IMF), yesterday announced the disbursement of $21.13 million to Sierra Leone, after completing its second review of the country’s economic  performance, under the program supported by the IMF’s Extended Credit Facility (ECF). This brings the total [Read More]

Economy & Business

Sierra Leone to receive US$7.5 Million for COVID-19 response from World Bank

Sierra Leone Telegraph: 3 April 2020: The World Bank today approved a US$7.5 million International Development Association (IDA) grant to help Sierra Leone respond to the threat posed by the Coronavirus outbreak and strengthen national systems for public health preparedness. The funds will fill critical financing gaps that have been [Read More]

Economy & Business

Physical distancing is still far from the minds of shoppers and commuters in Freetown

Stom Koroma: Sierra Leone Telegraph: 3 April 2020: The streets of Freetown are busy this morning. Everybody is rushing either to go to the banks to withdraw cash, supermarket to buy provisions, bus station to travel or local market for foodstuffs. The prices of food items have risen like a [Read More]

Economy & Business

Why is Sierra Leone left out of USA financial response to COVID-19 pandemic in Africa?

Sierra Leone Telegraph: 02 April 2020: The U.S. Government has announced that it is leading the world’s humanitarian and health assistance response to the COVID-19 pandemic, mobilizing all necessary resources to respond rapidly, both at home and abroad. The State Department and USAID are providing an initial investment of nearly [Read More]

Economy & Business

IMF approves US$23.5 million disbursement for Guinea

Sierra Leone Telegraph: 02 April 2020: Yesterday, the Executive Board of the International Monetary Fund (IMF) completed its fourth review of Guinea’s economic performance under the program supported by an Extended Credit Facility (ECF). It said that completion of this review has enabled it to immediately disburse about US$23.5 million, [Read More]

Economy & Business

Sierra Leone could experience a big coronavirus crisis

Bilal Coleman: Sierra Leone Telegraph: 30 March 2020: Sierra Leone may not have registered a single case of the coronavirus, but the global shock engendered by the virus has triggered a financial crisis that is reverberating in the country. It appears that the financial shock wave is running ahead of [Read More]

Economy & Business

COVID-19 likely to exact heavy toll on the malnourished, sick, and poor in Africa

Sierra Leone Telegraph: 29 March 2020: The Continent’s relatively young population Is likely to be a mitigating factor, but constrained health systems and a high incidence of malnutrition and conditions such as HIV and tuberculosis will magnify the impact, according to a new report by the Boston Consulting Group (BCG). [Read More]