Economy & Business

Sierra Leone Telegraph: 28 July 2021: The Executive Board of the International Monetary Fund (IMF) says it has completed the third and fourth reviews of Sierra Leone’s performance under the program supported by an Extended Credit Facility (ECF). Completion of these reviews it says has enabled the IMF to disburse SDR31.11 million [Read More]

Sierra Leone Telegraph: 28 July 2021: Figures published by the African Development Bank, show that Sierra Leone’s economy has been seriously hurt by the COVID–19 pandemic, with real GDP estimated to contract by 2.7% in 2020 after growing by 5.4% in 2019. The decline is attributable to weak external demand [Read More]

Sierra Leone Telegraph: 28 July 2021: The United States International Development Finance Corporation (DFC) says it has committed to provide $217 million in debt financing for a new 83-megawatt power plant to be established in Freetown, Sierra Leone. This is equivalent to the entire capacity of the Bumbuna Hydro-electricity Plant [Read More]

Sierra Leone Telegraph: 27 July 2021: The Corporate Council on Africa (CCA) 13th U.S.-Africa Business Summit  starts today via teleconferencing, and ends on 29 July.  The Summit is CCA’s flagship conference that is considered essential for those doing business on the continent as well as the U.S. and African leaders [Read More]

Sierra Leone Telegraph: 22 July 2021: The United States Agency for International Development (USAID), through the West Africa Trade & Investment Hub, has awarded a $1.2 million co-investment grant to Warc Group, a social enterprise with agricultural production and consulting operations in Ghana and Sierra Leone, to help smallholder farmers [Read More]

Anthony Kamara, Jnr: Sierra Leone Telegraph: 22 July 2021:  The Energy Nexus Network (TENN), a regional energy ecosystem hub in Sierra Leone and SELCO Foundation, an Indian NGO have formed a strategic partnership to combine their expertise and build innovative sustainable energy delivery models for the rural population in Sierra [Read More]

Sierra Leone Telegraph: 21 July 2021: The European Investment Bank and the International Solar Alliance today published a new study outlining solutions to overcome key affordability and investment challenges holding back off-grid solar investment across Africa. “Increased use of off-grid solar technology across Africa is essential to harness clean and [Read More]

Sierra Leone Telegraph: 20 July 2021: The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership affirmed. Speaking at the [Read More]

Sierra Leone Telegraph: 16 July 2021: The Africa’s Business Heroes (ABH) prize competition, the flagship philanthropic program established by the Jack Ma Foundation to help foster an inclusive pan-African entrepreneurial ecosystem, held its first ever Annual Summit in a fully virtual format, gathering over 1,600 attendees from across Africa. The [Read More]