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Sierra Leone Gets US$4 Million Grant PDF  | Print |  E-mail
News
Written by Expotimes   
Monday, 27 February 2017 11:24

FREETOWN, February 24, 2017 - Sierra Leone will receive US$4 million from the World Bank Group's Global Environment Facility (GEF) for strengthening the national legal and regulatory framework, institutional development, strengthening fisheries monitoring, control and surveillance to reduce illegal, unreported and unregulated fishing activities.

A large part of the funding will be used for supporting coastal communities to have better fishing practices, handling, processing and storing of fisheries products and data collection. Funding will also be provided for livelihoods transfer grants to individuals in fishing communities to better improve livelihoods.

Funding for the fisheries sector in West Africa has been provided through the West Africa Regional Fisheries Program (WARFP) which is a program covering Cape Verde, Liberia, Senegal and Sierra Leone. Funding for the Sierra Leone component had been halted in 2014. This grant signals re-engagement of World Bank in the fisheries sector.

The grant agreement was signed between the Minister of Finance and Economic Development, Momodu L. Kargbo and the World Bank Country Manager, Parminder Brar on 8th February 2017. The negotiations for this grant were led by the Ministry of Fisheries and Marine Resources (MFMR).

"The Ministry of Finance and Economic Development welcomes this new grant from the World Bank for the fisheries sector, which has proven to be crucial for food security during and after the Ebola outbreak,"said Momodu L. Kargbo, Minister of Finance and Economic Development. "This grant is a step in the right direction to begin the second phase of WARFP preparation and will help support the Ministry of Fisheries and Marine Resources to improve the management and regulation of the fisheries sector to ensure the sustainability of our fisheries resource."

Long-term economic, social, and ecological success in the fisheries sector requires awareness and behavior change at all levels. The project will help strengthen the capacity at both the Ministry level and the community level so both the top-down and bottom-up approaches can play important roles.

"The fisheries sector currently provides close to 80% of the protein to the population of the country. This sector has great potential to further increase food, nutrition, employment, and income to Sierra Leoneans,"said Parminder Brar, World Bank Country Manager for Sierra Leone. "Sierra Leone has one of the best fishing grounds in the world that need to be nurtured for harvesting the wealth of the ocean in a sustainable manner. It is good that the Government has taken proactive steps to strengthen the Joint Monitoring Centre and the patrol boat has been active. We look forward to working with the Government to ensure that revenues from fisheries are increased, the artisanal sector and fishing communities are strengthened and illegal fishing is reduced."

The fisheries sector in Sierra Leone has the potential to bring food security and boost the country's revenue, as it supports direct employment of around 100,000 people and indirect employment of as much as 10% of the population. The country could sustainably generate US$186 million each year, US$74 million of which can be generated from the industrial segment targeting high value species (demersal).

The West Africa Regional Fisheries Program's development objective is to support countries to maintain or increase priority fish stocks and the benefits that they can provide to the region, with a focus on benefits for poverty reduction and food security.

Contacts:
World Bank Sierra Leone Office: Moses A. Kargbo, +23276 345930, This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

Editorial

2016 Global Peace Conference to be held in Freetown---as IPRA 50th Birthday confab ends in Istanbul

 

The 26th biennal conference of the Internatonal Peace Research Association (IPRA) is billed to take place in  Freetown, Sierra Leone in November 2016, marking the second time Africa has hosted the conference since the founding of IPRA in 1964. This was announced following the re-election of  the two IPRA Secretaries-general, Dr Ibrahim Seaga Shaw (pictured) and Dr Nesrin Kenar, who co-ordinated the 25th  IPRA conference in Turkey,  at the organisation’s administrative meeting on August 14 during the 25th  IPRA  conference in Istanbul  to serve a second term of two years.

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Business News

Sierra Leone Embassy & Beijing Chamber Of Commerce for Cultural Industries Launch China-Sierra Leone Hand-In-Hand International Foundation

The Sierra Leone Embassy in China in collaboration with the Beijing Chamber of Commerce for Cultural Industries on Saturday 17th June, 2017 launched the China-Sierra Leone Hand-in-Hand International Foundation with a view of cultivating good citizenship by enhancing social, environmental, cultural and economic wellbeing of communities in Sierra Leone.

It also will among others, serve as a bridge of friendship between the two nations in a bid to promote international culture and art exchanges and contribute to economic development.

Speaking at the event, Madam Kumba Alice Momoh, the embassy’s Chargé d'Affaires   referred to the launch of the China-Sierra Leone Hand-In-Hand International Foundation as “the birth of a new era during a period that Sierra Leone is celebrating 46 years of bilateral relationship with China”

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Media News

Freedom of Expression Violations Rise Sharply in West Africa

The incidents of freedom of expression rights violations in West Africa more than tripled in the first quarter (January-March) of 2017.

Over the three-month period, a total of 47 violations were recorded as against 14 violations for the last quarter (October-December) of 2016. The violations recorded in the quarter under review range from arrests and detentions to physical attacks, online violations, shutdown of media houses, censorship, seizure and destruction of property and killings. The 47 violations occurred in 10 out of the 16 countries in West Africa.

These findings are contained in the latest edition of the West Africa Freedom of Expression Monitor, a quarterly report by the MFWA which analyses and highlights freedom of expression developments in the sub-region.

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Commentary

REVIEWING THE JUNE 2017 ECOWAS SUMMIT

A PASSIONATE LETTER TO HIS EXCELLENCY THE PRESIDENT:  44TH EDITION

REVIEWING THE JUNE 2017 ECOWAS SUMMIT
 Your Excellency Sir,
 It’s been six months since I subscribed to my usual publications of this piece. And this is primarily because I have been out of the country for the entire period, and as such would not normally objectively tender a subscription. I do apologize to my readers for this. So having being in Monrovia, Liberia for the recently concluded ECOWAS Summit, I would like to do some analysis on such a historic august body and gathering of this sub-Saharan/West African region.
 
In resume, among other crucial achievements, ECOWAS, through its military apparatus, ECOMOG, played very sacrificial and invaluable roles in bringing peace, security and democratic governance to both Sierra Leone and Liberia during their past civil wars, and most recently ensuring that the Gambian people’s democratic change of government from the notorious dictatorial twenty seven years regime of Yaya Jarmeh, to the current government of President Adama Barrow, through their tactical robust intervention, overseen by President Helen JohnsonSirleaf of Liberia and other ECOWAS Presidents/actors, was enforced. Furthermore, ECOWAS has also spearheaded the enactment of several socio-political, advocacy and economic treaties in the sub region.
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View Point

WHY SIERRA LEONEANS HATE PEACE AND DEVELOPMENT

Honestly speaking Sierra Leoneans are well known for their hospitality all over the world, especially in Africa. But ironically many of them hate each other. But they love foreigners. They have high respect for strangers. But unfortunately they do not have respect among themselves. You can attest this to what is happening in the social media. Where they are showing their pull him down (PhD) syndrome. By castigating their compatriots unnecessarily. Some of them just because of jealousy and envious evil spirit they possess. They prefer to promote foreigners than their own brothers and sisters both in and out of the country.

Day in day out they are insulting each other.They are using all sorts of vulgar languages against each other. And even their own highly respected president in the world, President Ernest Bai Koroma they are insulting him openly. Therefore, it is an open secret that many Sierra Leoneans are not well cultured.

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News - Press Release

WHO Director-General elect welcomes new funding for polio eradication

 World Health Organization Director-General elect, Dr Tedros Adhanom Ghebreyesus has welcomed contributions and pledges of US$1.2 billion for the Global Polio Eradication Initiative. The pledges were made at the Rotary Convention in Atlanta, USA which is being attended by 32 000 Rotarians from around the world. 

“It is humbling to see again the power of this incredible global partnership to generate funding to fight one of the world’s most horrible and debilitating diseases,” said Dr Tedros.

 

 

A proportion of the money pledged will help WHO fund disease surveillance in more than 70 countries and enable it to provide expertise to help countries vaccinate 450 million children per year against polio. The Organization will also provide guidance on vaccination policy and participate in research into vaccine delivery methods, operational tactics and other approaches that can help accelerate eradication.

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Society -Local News

WAI-SL rescues hermaphrodite …more support needed

Women Against inhumanities Sierra Leone (WAI-SL), has over the past months embarked on fundraising for the surgery of Ibrahim Sorie Karama a hermaphrodite. The founder and CEO of Women Against inhumanities Sierra Leone (WAI-SL), Miss Michaella Sallu with her team are pleased to inform the general public both home and abroad that surgery has been successfully done on Ibrahim Sorie Kamara the 16 year old boy that was popularly seen on social media having breast enlargement.

The Bilateral Subcutaneous Mastectomy surgery was done on the 6th of June 2017 at the Holy Spirit hospital Makeni free of charge by a team of 5 surgeons from Ghana headed by Dr. Albert Painsil and assisted by our Sierra Leonean brother Dr. Abdul Jalloh with fund from Resurge Africa UK.

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Development

Sierra Leone Collateral Registry to improve access to finance for MSMEs

Minister of Finance and Economic Development and Governor of the Central Bank Monday (June 12) jointly launched the Sierra Leone Collateral Registry, an electronic public database holding information on security interests in movable property.

 

The Registry is an initiative of the Bank of Sierra Leone with technical and financial support provided by the World Bank Group to improve access to finance, particularly for Micro, Small and Medium Enterprises (MSMEs). Established under Part II of the Borrowers and Lenders Act, the Registry is a web based system that allows lenders to search for any pre-existing security interests over movable assets provided as collateral. It facilitates the use of movable assets as collateral that may remain in possession or control of the borrowers and thereby improves access to secured finance.

 

 

 

Movable assets are the main type of collateral that MSMEs, especially those in developing countries, can encumber to obtain financing. Given opportunities in agribusiness among others, the Collateral Registry regime allows farmers and entrepreneurs to unlock significant sources of capital with assets that would otherwise not be looked at by lenders as potential collateral.

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Politics

APC Secretary General Ambassador Yansaneh announces the resolutions at the June 1st NAC Meeting
EBK endorsed to continue as Chairman and Leader,continue to unite and transition the party.
 
Selection or Endorsement of Presidential Candidate who will appoint a Running Mate to be endorsed by NAC.
 
National Executive Officers must have served at regional,district or constituency level to be qualified for selection or election.
 
Must n paid up and active in the last 10 years and paid up for 7 years . 
 
Will sign an undertaken to support whoever is selected or endorsed . 
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