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HomeEconomy & Business

Economy & Business

Economy & Business

Freetown City Council to build 5,000 homes amid debate about devolution of power

August 22, 2019 Abdul Rashid Thomas 6

Sierra Leone Telegraph: 22 August 2019: Freetown City Council is planning to build 5000 low-cost houses to meet the needs of displaced and low-income citizens of the city. Speaking last week, Freetown’s Mayor – Yvonne Aki-Sawyer, said: “The affordable housing is particularly aimed at easing the plight of the city’s [Read More]

Economy & Business

EU provides funding for victims of flooding in Freetown – but more needed

August 22, 2019 Abdul Rashid Thomas 9

Sierra Leone Telegraph: 22 August 2019: The European Commission’s Directorate-General for European Civil Protection and Humanitarian Aid Operations, has announced that in response to the floods in Freetown earlier this month, the European Union is providing €80,000 in humanitarian funding to assist those most affected. This EU funding will support [Read More]

Economy & Business

IMF representative in Sierra Leone says goodbye to the country

August 20, 2019 Abdul Rashid Thomas 4

Sierra Leone Telegraph: 20 August 2019: The outgoing Resident Representative of the International Monetary Fund (IMF) in Sierra Leone – Dr Iyabo Masha, was in State House in Freetown yesterday, Monday 19 August 2019, to say goodbye to president Julius Maada Bio, marking the end of her tenure in Sierra [Read More]

Economy & Business

Guma gives notice to households in areas along water transmission lines

August 19, 2019 Abdul Rashid Thomas 1

Sierra Leone Telegraph: 19 August 2019: Guma Valley Water Company (GVWC) – the agency responsible for supplying water across sierra Leone’s capital city Freetown, has issued a warning to residents whose houses are built in the vicinity of its water transmission lines, where major rehabilitation work will soon take place, [Read More]

Economy & Business

What direction Sierra Leone’s economy? Dr Kandeh Yumkella speaks out

August 17, 2019 Abdul Rashid Thomas 15

Anthony Kamara, Jnr: Sierra Leone Telegraph: 17 August 2019: Sierra Leone’s Finance Minister – JJ Saffa, was at the studios of Radio Democracy 98.1 last Monday. By all indications, his performance during a live interview did not offer Sierra Leoneans much hope for an improvement in their economic wellbeing, as [Read More]

Economy & Business

No more business as usual – Sierra Leone government warns mining companies

August 15, 2019 Abdul Rashid Thomas 9

Sierra Leone Telegraph: 15 August 2019: The government of president Julius Maada Bio is warning mining companies not to expect business as usual, where due diligence, accountability and fiduciary responsibility are sacrificed by those in power for contract kickbacks. This stern warning comes, as the government continues to review all [Read More]

Economy & Business

How to strengthen Sierra Leone’s currency – the Leone

August 14, 2019 Abdul Rashid Thomas 5

PUAWUI DR SAMA BANYA: Sierra Leone Telegraph: 14 August 2019: I am not an economist. The nearest that I dabbled in the economy of Sierra Leone was when I was Minister of Finance, Planning and Economic Development in the One Party government of the then President Siaka Stevens. I lasted [Read More]

Economy & Business

China ramps up support for Sierra Leone

August 14, 2019 Abdul Rashid Thomas 12

Sierra Leone Telegraph: 14 August 2019: China is sending almost 7,000 tons of food aid to Sierra Leone to help cushion the effects of the growing hardship facing millions of Sierra Leoneans, as the government struggles to manage the economic downturn. Millions of people, especially children are at risk of [Read More]

Economy & Business

The economy is not stupid – it’s our politics that’s gone mad

August 13, 2019 Abdul Rashid Thomas 11

Concerned citizen: Sierra Leone Telegraph: 13 August 2019: It is a fact that Sierra Leone’s economy is taking a nose dive. Whether it is the cost of goods, rising inflation or stagnated wages, a lot of people measure the performance of the economy against the Leone versus US Dollar exchange [Read More]

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