Increase Text Size Decrease Text Size Default Text Size
 
OOPS. Your Flash player is missing or outdated.Click here to update your player so you can see this content.
Featured Links:
Banner
ExpoNet
EXpoNet Services!
Banner
Subscribe Now
Subscribe Now.
Heightening Our Engagements through Economic Diplomacy PDF Print E-mail
Politics
Written by John Baimba Sesay- CHINA   
Monday, 29 May 2017 15:12

The world, writes Jean-Robert Leguey-Feilleux in ‘The Dynamics of Diplomacy,' has undergone spectacular alteration. “Some traditional forms of diplomacy”, the writer believes, “are losing their prominence. Our complex global society has turned to new means of interaction to address international problems…”

 In contemporary diplomacy, pursuing economic diplomacy helps in promoting a country’s trade, which is enhanced by promotion of inward investments.   The need to efficiently utilize economic diplomacy in advancing a country’s outside fiscal interests cannot be overstated.

 

Attraction of foreign investments, writes P. Baranay in ‘Modern Economic Diplomacy’ is an essential issue of economic diplomacy. Economic diplomacy pursues a number of objectives, amongst them networking and ensuring proper mobilisation in areas of trade and investment promotion.

 

Sierra Leone is a global player, today contributing to regional peace and stability through the contribution of peace-keeping troops to war-torn nations. It chairs the C-10, leading the advocacy for a reform of the UN Security Council, making it a global voice.

 As a country, it continues to scale up activities of her embassies abroad, having people with specific responsibilities on commerce and the private sector (as in China and Nigeria, amongst other having Trade Attachés), Defense (just recently in China with the arrival of a Defence Attaché) and other specialized areas.

The appointments of these Trade and Defence Attachés, President Ernest Koroma told me in a 2016 interview in Beijing, “clearly tells that we have now heightened the engagement to even dealing with specific activities, shifting from just normal diplomacy as it were, to engagement on a person-to-person basis, building our economic ties and military capabilities, and new co-operations.”

Opening up on global engagement and discussions at the bilateral and multilateral levels is extremely crucial in sustaining our ties with nations, ensuring new areas of bilateral cooperation and in positioning ourselves for future global roles. Engagement is also crucial in seeking investment opportunities and in pursuing the country’s interest both bilaterally and multilaterally.

As an embassy, we have had the strong commitment of pursuing Sierra Leone’s interest. Seeking credible investment opportunities forms a core of our activities. The embassy shall continue to encourage private sector involvement from countries we cover, in our development drive.

By 2016, President Koroma assured of his government’s support to enterprises seeking to explore investment opportunities in Sierra Leone by ensuring enabling environment. Sierra Leone, it should be noted, has huge untapped potentials for investment in tourism, agriculture, and infrastructure.

In a February 2016 engagement with Chinese firms, the country’s deputy envoy to China. Kumba Momoh referenced the country’s Investment Promotion Act 2004 as crucial in the promotion and attraction of private investment, both domestic and foreign. The country has remained politically stable and peaceful, also making socio-economic progress. 

Sierra Leone has been part of the continent’s striking economic growth. Few years ago, it was among the world’s fastest growing economies, added to Chad, Mozambique and Nigeria. But global trends have had an adverse effect on our growth. Iron ore, writes Kingsley Ighobor in AfricaRenewal, “is Sierra Leone’s economic life-line.”  Tonkolili, it is worthy to note, is host to Africa’s biggest ore deposit and worlds’ third largest.

However, an abrupt crash in prices of commodities like oil, gold, Rutile, Kingsley Ighobor argued,  “is changing that upbeat African narrative” since countries that depend on such commodities, “are in dire straits.”  In fact, Ighobor believes “the fall in commodity prices represents a significant shock for sub-Sahara African regions…”

Notwithstanding such a challenge, the Sierra Leone Government continues to provide an enabling environment for investments. Significant incentives are offered to foreign investors, including the ability to repatriate profits and capital without restriction; the ability for companies to carry forward losses indefinitely and customs exemptions for expatriate workers and their families.  

There has been huge investments and expansion in agriculture, mining and a growth in the country’s infrastructure trajectory. There remains an outstanding improvement in domestic revenue mobilization and collection which now significantly contribute to distribution of funds to local authorities, and councils, thus helping to build on the country’s decentralization/ democratization process. 

Good happenings. But there is more to it, especially in enticing credible foreign private sector investments. This largely depends on our roles outside the country. Our levels of engagements would be of strategic help in this direction.  

Optimistically, we'll continue to heighten our engagements at the level of government-to-government, and people-to-people in a bid to get a surge in ties bilaterally, and in advancing our interest

The shift from the traditional form of engagement, marked by the appointments to our Missions of people to handle specialized areas speaks volume of the general expectation. Those specialized areas are now being used in heightening our global engagements as a nation.

 

 

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.

Read more...

Business News

ACC CAPACITATES SIERRA LEONE COMMERCIAL BANK STAFF ON ANTI-BRIBERY AND ANTI-CORRUPTION ISSUES

The Anti-Corruption Commission (ACC) on the request of the Management of the Sierra Leone Commercial Bank (SLCB) on Thursday 20th July, 2017 commenced anti- bribery and anti-corruption training with staff of the Bank.

The training which was held in the Bank's Conference Room 9th Floor, Christian Smith Building 29/31 Siaka Stevens Street, Freetown attracted over twenty members of the Executive Management.

Addressing colleagues, the Managing Director, SLCB, Idrissa Aloma Kamara disclosed that the Bank has integrated into the Bank's operations anti-corruption measures, such as the development of anti-corruption policy, anti-graft messages inscribed on Bank Statements and sensitization of staff on the dangers of corruption. With all these, the MD stated, it is the view of the Bank that the ACC which is the statutory body responsible for the campaign against corruption be brought in, to provide awareness training on anti-bribery issues for an efficient and effective banking system.

Read more...

Media News

44 Journalists in Beijing for China Development Studies and Media Exchange

The 4th session of the China Africa Press Center (CAPC) Program hosted by the China Public Diplomacy Association (CPDA) was officially launched on Wednesday 1st March 2017 in Beijing, China. This year’s event is running simultaneously with the China South Asia Center 2017 program. Both programs brought together forty-four journalists from Africa and South Asia.

The program you will give journalists the opportunity to cover major domestic and international events in China such as the upcoming Two Sessions, i.e, the 5th Session of the 12th National People's Congress (NPC) and the 5th Session of the 12th National Committee of the Chinese

People's Political Consultative Conference (CPPCC) (similar to Parliamentary sessions in many countries) in March, the Belt and Road Forum for International Cooperation in May and the 9th BRICS Summit in Autumn this year.

Read more...

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.
Read more...

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.

Read more...

News - Press Release

ACC HEIGHTENS PNB CAMPAIGN IN COLLEGES

"Bribery and petty corruption undermines the Rule of Law, Effective service delivery and sustainable development," says the Regional Manager, ACC South, Samuel Marah on 28th June 2017 at the Njala University Kowama campus Bo, whilst addressing students and lecturers of the Department of Nursing on the need to curb petty corruption and bribery in the educational system in Sierra Leone.

Speaking on the effects of bribery and petty corruption, Samuel Marah noted that, the practice of bribery has overtly affected our justice system, enforcement of the rule of law and quality service delivery to the people of Sierra Leone which he said to tackle needs collective and collaborative effort.        

Mr. Marah said, the Pay No Bribe (PNB) campaign, which is the Commission's flagship project, is a data capturing tool, that shows trends of bribery in  five piloted   MDAs ( Health, Education, SLP , SALWACO and EDSA ) for informed decision making on the trends of bribery and to increase service delivery in the public sector institutions. He stressed  that, PNB reporting platform  is established by the ACC and its partners to empower citizens to anonymously report incidents of bribery and petty corruption by calling 515 free on all networks, visit the PNB website; www.pnb.gov.sl, or on the mobile application in Krio, Temne and Mende to make their complaints. Mr Marah implored his audience to join the campaign which he said is a national call to service.

Read more...

Society -Local News

HRCSL presents detention monitoring outcomes to stakeholders
The Human Rights Commission of Sierra Leone(HRCSL) on Wednesday July 26th, 2017 at their headquarters at NEC Building  engaged relevant Ministries, Departments and Agencies on the outcome of their monitoring of detention facilities and other social services.
 
The monitoring was carried out between January and April at the prisons, police cells, remand homes and probation facilities across the country.
 
The HRCSL Act No.9 of 2004 in section 7 (2)(f) requires the Commission to monitor and document human rights violations in Sierra Leone and section 9(1) gives the Commission powers to authorize persons whom they think are capable to act on their behalf, in order to access all government offices, facilities and places of detention including prisons, police cells, remand homes and probation facilities.
Read more...

Development

China-Aid Agricultural Technical Cooperation Project hand over Agriculture Materials to the Ministry of Agriculture

On  21st July ,2017 at a handing over ceremony held at Ogoo Farm in Freetown, China-Aid Agricultural Technical Cooperation Project Team handed agricultural materials to the Ministry of Agriculture, Forestry and Food Security (MAFFS). 

The items include seed rice, maize, agro chemicals, fertilizer, pesticides and power tillers for farmers within the western area district. Dignitaries present included The Minister of Agriculture, Forestry, and Food security Prof. Monty Jones and his entourage ,  Mr Shen Xiaokai, the Economic and Commercial Counsellor of the Chinese Embassy in Sierra Leone, the District agricultural officer, the Chinese technical team, National federation of farmers Sierra Leone representative and lot of farmers in the western Area.

Read more...

Politics

News from China, June 28th: Youth Affairs Minister addresses 2017 Ministerial Workshop on International Cooperation in Capacity Development in Beijing, China
Sierra Leone’s Minister of Youth Affairs has said, the 2017 Ministerial Workshop on International Cooperation in Capacity Development hosted by the Chinese government should help enhance the ties of friendship and foster the wheels of bilateral cooperation between the two nations and particularly strengthen cooperation in the field of human resource development.
 
Hon. Bai Mamoud Bangura spoke on Wednesday, 28th June, 2017, at the start of the week long Ministerial Workshop on International Cooperation, which has brought together participants from various countries, including eight (8) from Sierra Leone.
 
According to minister Bangura, in line with the spirit of friendship and cooperation, the event could serve as an opportunity to jointly define new strategic directions in Sierra Leone’s ties with China and in opening up another episode of friendship and cooperation between the two.
Read more...
Copyright © 2017 expotimesonline. All rights reserved.