Economy & Business

Ruling SLPP party operatives in President Bio’s government departments accused of stealing public funds

Andrew Kamara: 13th January 2024: In a shocking revelation by Sierra Leone’s ministry of finance yesterday, seven people believed to be SLPP party operatives working across various government departments, have been caught stealing a staggering Le12 billion (Old Leones). Disturbingly, this financial malfeasance occurred in December 2023, bringing into question [Read More]

Economy & Business

President Bio’s fiscal irregularities: The devil is in the Auditor General’s 2022 Report

Dr Doma: Sierra Leone Telegraph: 9 January 2023: In a clear revelation, the Auditor General’s report for the financial year ended 2022 sheds light on concerning financial practices within various government ministries and departments. The report, while highlighting instances of irregularities, prompts a closer examination of the transparency and governance [Read More]

Economy & Business

President Bio sells multi-million-dollar offshore oil exploration blocks to Nigerian Billionaire  

Sierra Leone Telegraph: 30 December 2023: FA Oil, an upstream vehicle of billionaire businesswoman Folorunso Alakija, has been awarded a substantial offshore oil exploration right in Sierra Leone by President Bio. According to media reports, Sierra Leonea’s Petroleum Directorate (PDSL) awarded six blocks to FA Oil under a single petroleum [Read More]

Economy & Business

President Bio signs memo with China for construction of $1.5 Billion bridge amid growing poverty and political unrest

Sierra Leone Telegraph: 6 December 2023: The government of Sierra Leone has signed a memorandum of understanding with China Road and Bridge Corporation and the Atepa Group’s architectural firm, for the construction of a 5 miles long bridge across Freetown to Lungi, at an estimated cost of $1.5 billion, government [Read More]