Economy & Business

Development finance institutions visit Sierra Leone to support private sector lending

Sierra Leone Telegraph: 5 June 2024: Representatives from last year’s investment delegation of Development Finance Institutions (DFIs) have returned to Sierra Leone to support private sector lending. Building on the achievements of the 2023 investment delegation, the aim of the week-long visit is to support increased lending to Sierra Leone’s [Read More]

Economy & Business

World Bank Board approves $74 million to enhance climate-resilient transport and access to market infrastructure

Sierra Leone Telegraph: 3 June 2024: The World Bank Board last Wednesday, approved a $74 million International Development Association (IDA) grant to enhance climate-resilient transport connectivity and agricultural market access in Sierra Leone. (Photo above: EU funded road network in Sierra Leone). The Sierra Leone Connectivity and Agricultural Market Infrastructure [Read More]

Economy & Business

Africa needs $277 Billion annually to achieve 2030 Sustainable Development goals

Sierra Leone Telegraph: 16 May 2024: Boasting 60% of the world’s best solar resources, Africa’s solar power potential presents multiple opportunities for investors seeking long-term, scalable financial prospects. A panel session during this year’s Invest in African Energy (IAE) 2024 forum explored strategies to unlock financing for renewable energy projects [Read More]

Economy & Business

DFC approves $292 million loan for development of Freetown-based Western Area power generation

Sierra Leone Telegraph: 9 May 2024: The U.S. International Development Finance Corporation’s (DFC) Deputy Chief Executive Officer (DCEO) Nisha Biswal and Chief Minister of Sierra Leone David Moinina Sengeh yesterday announced up to $412 million in financing and political risk insurance in support of the country’s plans to address rolling [Read More]

Economy & Business

President Bio calls for bolder vision for Africa’s sustainable growth based on good governance, transparency, and accountability

Sierra Leone Telegraph: 30 April 2024: Sierra Leone’s President Julius Maada Bio Joins Colleague Heads of State in Kenya for the International Development Association Heads of State Summit Speaking at the summit, President Bio highlighted the need for decisive and collaborative actions from African governments, the international community, and reliable [Read More]