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Economy & Business

Economy & Business

Addressing the foreign direct investment paradox in Africa

June 10, 2018 Abdul Rashid Thomas 0

Ayodele Odusola: Sierra Leone Telegraph: 10 June 2018: Africa’s experience on inward foreign direct investment (FDI) presents a paradox. Conventionally, capital is expected to flow from countries with low to high returns. During 2006-2011, the region experienced the highest rate of return on FDI (11.4%) compared to 9.1% in Asia, [Read More]

Economy & Business

Sierra Leone government’s Turkish power vessel Agreement

June 6, 2018 Abdul Rashid Thomas 4

Author: Sorie Fofana: Sierra Leone Telegraph: 6 June 2018: A two-year Utility Grid Infrastructure and Electricity Supply Agreement between the Government of Sierra Leone – represented by the Ministry of Energy and the Karadeniz Powership Kaya Bey Company Limited, for the generation of 30MW of electricity has been concluded. But [Read More]

Economy & Business

Ministerial update on use of Turkish vessel to provide electricity for Sierra Leone

June 5, 2018 Abdul Rashid Thomas 0

Author: Minister of Energy and Minister of Finance: Sierra Leone Telegraph: 5 June 2018 The Ministry of Energy in collaboration with the Ministry of Finance, the Electricity Distribution and Supply Authority (EDSA) and the Electricity Generation and Transmission Company, wishes to inform the general public that they have concluded negotiations [Read More]

Economy & Business

President Bio leads national cleaning programme by example

June 3, 2018 Abdul Rashid Thomas 3

Sierra Leone Telegraph: 3 June 2018: President Julius Maada Bio, yesterday, Saturday 2nd June 2018, joined thousands of people across Sierra Leone who came out in pouring rain to help clean their neighbourhoods and street corners. The National Cleaning Programme was initiated in April by the president, as one of [Read More]

Economy & Business

Head of AYV media empire – Anthony Navo bags another award in Sierra Leone

June 3, 2018 Abdul Rashid Thomas 1

Sierra Leone Telegraph: 3 June 2018: The President of the Africa Young Voices Media Empire – Ambassador Anthony Navo, who was recently crowned ‘Youth Ambassador’ for his contributions to building a positive future for the youth of Sierra Leone, has been crowned the ‘Most Influential Young Sierra Leonean 2018’. Mr [Read More]

Economy & Business

Sierra Leone – bigger economy matched by bigger corruption

June 2, 2018 Abdul Rashid Thomas 5

Author: Mahmud Tim Kargbo: Sierra Leone Telegraph: 2 June 2018: Good things have happened in Sierra Leone, but we are far behind many other countries. I think the former President is spot on because we can’t even compare Sierra Leone to Rwanda, which we once referred to as another war-torn [Read More]

Economy & Business

Why foreign investment is no easy fix for Africa’s energy needs

June 2, 2018 Abdul Rashid Thomas 0

Philipp Trotter and Sabah Abdullah: Sierra Leone Telegraph: 2 June 2018: Foreign investment in sub-Saharan Africa’s power sector has reached a record-high. Spurred on by the United Nations’ goal to ensure modern energy access for all by 2030, international donors have focused on increasing the region’s electrification access. It currently stands at only [Read More]

Economy & Business

Sierra Leone power cuts – The unacceptable behaviour of EDSA

June 2, 2018 Abdul Rashid Thomas 1

Sorie Fofana: Sierra Leone Telegraph: 2 June 2018: Since the new SLPP administration came into office in April 2018, the sum of Le29,623,000,000 (Twenty nine Billion, Six hundred and Twenty-three million Leones) has been approved by President Bio, and paid to support the operations of both the Electricity Distribution and [Read More]

Economy & Business

Unplugging corruption cables in electricity barge ship contract

May 31, 2018 Abdul Rashid Thomas 3

Mahmud Tim Kargbo: Sierra Leone Telegraph: 31 May 2018: Let’s cut straight to the chase. Sierra Leone Electricity and Water Regulation Commission recently approved $0.10 per kilowatt hour, based on an average for Bumbuna, Addax, the 16.5 megawatts at Black Hall Road and the 10 megawatts at Kingtom Freetown. And [Read More]

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