Economy & Business

AFC reports $50 Billion GDP impact and 7 million jobs created across Africa

Sierra Leone Telegraph: 7 August 2025: Africa Finance Corporation (AFC) – the continent’s leading infrastructure solutions provider, has published its annual Development Impact Report, presenting a comprehensive, data-driven account of AFC’s cumulative development outcomes across Africa. The report reveals that AFC-backed projects have to date added over US$50 billion to [Read More]

Economy & Business

Sierra Leone’s Parliament approves government supplementary budget – opposition say its austerity budget

Sierra Leone Telegraph: 5 August 2025: Sierra Leone’s Minister of Finance, Sheku Ahmed Fantamadi Bangura, last Tuesday, 29th July 2025, presented his government’s 2025 Supplementary Budget (The Supplementary Appropriation Act 2025) to Parliament. The Supplementary Appropriation Act 2025 is an adjustment of the 2025 Budget that was approved by Parliament [Read More]

Economy & Business

BADEA approves $120 million to support Shelter Afrique Development Bank Capitalization Program

Sierra Leone Telegraph: 5 August 2025: Shelter Afrique Development Bank (ShafDB) has announced the signing of a strategic agreement with the Arab Bank for Economic Development in Africa (BADEA) to support its transformative capital increase initiative. Effectively, BADEA has approved a landmark USD 120 million to support the capitalization program [Read More]