Economy & Business

Sierra Leone Telegraph: 06 January 2021: Output in the Sub-Saharan Africa region contracted by an estimated 3.7% in 2020, as the COVID-19 pandemic and associated lockdowns disrupted economic activity. As a result, per capita income shrank by 6.1% in 2020, setting average living standards back by at least a decade [Read More]

Sierra Leone Telegraph: 30 December 2020: The black market for human body parts is booming in the Middle East. A kidney now costs 262,000 dollars (131 million CFA francs); the heart costs 119,000 dollars (60 million CFA francs) and the liver costs 157,000 dollars (79 million CFA francs). Beware of [Read More]

Sierra Leone Telegraph: 23 December 2020: The International Monetary Fund (IMF) last Monday completed its first and second reviews of Liberia’s economic performance, which prompted the institution to immediately disburse US$48.86 million to the Liberian government, of which US$38 million will fill the fiscal financing gap arising from the impact [Read More]

Sierra Leone Telegraph: 20 December 2020: Sierra Leone’s Ministry of Agriculture and Forestry (MAF) last week signed Service Level Agreements (SLAs) with local and international NGOs. The symbolic signing ceremony involved 35 agricultural and related projects that are being implemented by 20 NGOs. The SLAs will ensure that the NGOs [Read More]

Sierra Leone Telegraph: 20 December 2020: Last Friday, President Dr Julius Maada Bio commissioned the country’s first fish processing plant at the Sierra Fishing Company in the east of the capital Freetown. Speaking at the event, the president said the plant will add value to fish produced in the country. [Read More]

Matilda Moyo: Sierra Leone Telegraph: 19 December 2020: Africa faces its worst economic recession in 25 years, largely due to the COVID-19 pandemic. It is estimated that the continent’s economy will contract by 2.6% at worst, pushing about 29 million people into extreme poverty and causing 19 million job losses, [Read More]

Kingsley Ighobor: Sierra Leone Telegraph: 19 December 2020: Dr. Ibrahim Mayaki (Photo above) is the CEO of the African Union Development Agency – New Partnership for Africa’s Development (AUDA-NEPAD). He spoke to Africa Renewal’s Kingsley Ighobor on the African Union-United Nations partnership, COVID-19 response, Africa’s development and other issues. These [Read More]

Sierra Leone Telegraph: 17 December 2020: The Parliament of Sierra Leone yesterday, Wednesday 16th December 2020, debated and ratified the Lungi Freetown International Airport expansion project agreement between the government of Sierra Leone and the Russian owned Summa Airports (SL) Limited. The aim of the project is to expand Lungi [Read More]

Sierra Leone Telegraph: 10 December 2020: The Rockefeller Foundation today announced the formation of a global coalition aimed at providing sustainable energy for one billion people by 2030. Organizations joining this call to action include the African Development Bank, CDC the UK’s development finance institution, European Investment Bank, International Energy [Read More]