Economy & Business

Isaac Anyaogu (Reuters): Sierra Leone Telegraph: 08 January 2025: Nigeria will establish a national credit guarantee company in May to lend to businesses and individuals, President Bola Tinubu said in an speech last Wednesday. Tinubu, who took office in May 2023, campaigned on economic reforms including expanding credit access to [Read More]

Sierra Leone Telegraph: 08 January 2025: The government has successfully stabilised the country’s economy and will now turn its focus to the implementation of key development projects, President William Ruto has said. In the past two years, the President noted, key development programmes had stalled due to economic challenges. He, [Read More]

Mackie M. Jalloh: Sierra Leone Telegraph: 21 December 2024: In a startling revelation that underscores the negligence and recklessness plaguing public-private partnerships in Sierra Leone, the 2023 Audit Report has laid bare the blatant non-compliance of Zoodlabs (SL) Ltd. with critical contractual obligations. The report highlights the company’s failure to [Read More]

Sierra Leone Telegraph: 21 December 2024: The Millennium Challenge Corporation (MCC) has announced that it has selected Liberia as newly eligible to develop a compact. According to the published statement, Liberia was selected as eligible in recognition of the country’s commitment to pursuing critical economic and democratic governance reforms. “MCC [Read More]

Sierra Leone Telegraph: 16 December 2024: The Government of Sierra Leone has prioritized energy development in key national strategies to meet the growing demand for electricity and to address the need for new generation capacity. To meet the growing demand for electricity in rural communities, the Government is adopting a [Read More]

Sierra Leone Telegraph: 16 December 2024: The World Bank Board of Executive Directors last Friday, approved an $80 million financing package to support Sierra Leone’s efforts to restore macro-fiscal stability and strengthen economic resilience. This financing includes a $60 million International Development Association (IDA) grant as budget support, and an [Read More]

Sierra Leone Telegraph: 12 December 2924: The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board meeting in Vienna on Tuesday. These projects will benefit countries across the globe [Read More]

Sierra Leone Telegraph: 12 December 2024: The African Development Bank Group has facilitated $2.2 billion in capital mobilization for its transformative Special Agro-Industrial Processing Zones Nigeria Phase II project during the Africa Investment Forum. At a packed presidential boardroom on Wednesday 4th December, governors from Nigerian States, leaders from multilateral [Read More]

Sierra Leone Telegraph: 12 December 2024: The U.S. International Development Finance Corporation (IDFC) on Tuesday, announced the first disbursement out of a $292 million loan to support CECA SL Generation Limited, an entity that will construct and operate a 105MW combined-cycle power plant in Freetown, Sierra Leone through a project [Read More]