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HomeEconomy & Business

Economy & Business

Economy & Business

Sierra Leone – Institutionalized leakages and a bankrupt economy

October 5, 2016 Abdul Rashid Thomas 24

Dr. Kandeh K. Yumkella Sierra Leone Telegraph: 5 October 2016 The month of October 2016 marks 20 years since peace was restored to Sierra Leone. By 1996, half of our population was displaced and farming came to a standstill. As a nation, we recorded negative growth throughout the war years [Read More]

Economy & Business

President Koroma slashes government spending amid fears of an economic meltdown

October 4, 2016 Abdul Rashid Thomas 3

Sierra Leone Telegraph: 4 October 2016 President Koroma and his ruling APC party ministers, yesterday decided to ditch their 2016 Budget and Spending Plans, after realising that the government’s coffers is now virtually empty. For a government that two weeks ago, spent hundreds of thousands of dollars on sending the [Read More]

Economy & Business

Sierra Leone’s president Koroma – governance and service delivery

September 6, 2016 Abdul Rashid Thomas 15

John Baimba Sesay – China Sierra Leone Telegraph: 6 August 2016 Citizen engagement is crucial to sustaining democratic governance. It allows for openness in the decision making process, and ensures trust and public confidence. Participatory democracy is a process of collective decision making that combines elements from both direct and [Read More]

Economy & Business

Sierra Leone economy facing bankruptcy as Koroma restricts use of foreign currency

June 18, 2016 Abdul Rashid Thomas 6

Sierra Leone Telegraph: 18 June 2016 When the president of a nation sends a text message to every citizen, demanding that they must refrain from using foreign currencies, then one gets a sense of the deep economic crisis that has befallen the country. This is the text message that president [Read More]

Economy & Business

My vision for Sierra Leone is to eradicate extreme poverty – says Yumkella  

June 16, 2016 Abdul Rashid Thomas 5

Sierra Leone Telegraph: 16 June 2016 On Friday, 10th June 2016, Dr Kandeh Yumkella addressed over a thousand people at the University of Makeni. The aspiring presidential flagbearer of Sierra Leone’s main opposition party – the SLPP, spoke on the theme “Developing Our World – the Post 2015 Agenda”. In [Read More]

Economy & Business

Massive security breach at Sierra Leone Lungi international airport

June 13, 2016 Abdul Rashid Thomas 6

Politico: Sierra Leone Telegraph: 13 June 2016 There are reports of a major security breach at the Lungi international airport, of a man attempting to board an Air France plane with petrol, a matchbox and a cigarette lighter, among other items in his possession. A three-and-a-half hour long closed circuit [Read More]

Economy & Business

Kono descendants’ global protest against Octea mining in Sierra Leone  

April 20, 2016 Abdul Rashid Thomas 7

Kono district descendants worldwide Sierra Leone Telegraph: 20 April 2016   Kono district descendants in the diaspora are calling for a global demonstration this Saturday, 23rd April 2016, to protest against Tiffany & Co.’s financial partnership with the Octea Group – the sole owner of Koidu Holdings Ltd, for its [Read More]

Economy & Business

What happened to Sierra Leone’s $18 million Freetown Solar Park?

March 10, 2016 Abdul Rashid Thomas 3

Sierra Leone Telegraph: 11 March 2016: In July 2014, the government of Sierra Leone signed an agreement for a landmark renewable energy project, that could generate and supply much needed clean electricity to homes and businesses across the capital. But the Freetown Solar Park project, costing $18 million, has disappeared [Read More]

Economy & Business

Addax Bioenergy operations in Sierra Leone is in serious financial trouble

July 6, 2015 Abdul Rashid Thomas 8

Sierra Leone Telegraph: 6 July 2015   The Sierra Leone Telegraph has tonight learnt that Addax – one of the handful of foreign companies to answer to president Koroma’s call for foreign direct investment in 2008, is now unable to meet its financial obligations, due to costs overrun and drop [Read More]

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