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Business
Managing Director of Rokel Commercial Bank, speaks to The Worldfolio about the investment opportunities in Sierra Leone PDF Print E-mail
Business
Written by Sheriff Mahmud Ismail   
Monday, 02 October 2017 11:18

John D. Okrafo-Smart, Managing Director of Rokel Commercial Bank, speaks to The Worldfolio about the investment opportunities in Sierra Leone and gives his insight into the banking landscape.

Excerpts shared by Sheriff Mahmud Ismail

The Government of Sierra Leone is placing great priority in improving the business climate, enhancing infrastructure and support to private sector development. In line with the government focus, the Central Bank is targeting price stability in support of economic recovery, enhancing monetary policy instruments and liquidity management and also limiting intervention in the foreign exchange market, which will be important to preserve foreign exchange reserves.

The above measures will help in the strengthening of the banking system to support financial intermediation. Commercial banks are thus poised to benefit and take advantage of the improved economic and business environment by offering better services to their customers, including loans and overdrafts and forex to import, thereby creating wealth and boosting government revenue.

Read more...
 
NRA Boss flies the Sierra Leone flag at the 3rd International Conference on Tax in Nigeria PDF Print E-mail
Business
Written by Expotimes   
Friday, 29 September 2017 17:26

The Commissioner-General of Sierra Leone's National Revenue Authority is currently representing Sierra Leone at the 3rd International Conference on Tax in Nigeria organised by the African Tax Administration Forum (ATAF). The conference which takes place from 26-29 September 2017 brings together over 200 tax experts from across Africa and the world to discuss tax issues and compliance factors affecting African countries.

During the session on improving the collection of Corporate Income Tax in Africa, Madam Kallah-Kamara highlighted the successes Sierra Leone has achieved over the past few years under her administration which is as a result of embracing international best practice in tax administration.

She said “in all our reforms adopted in Sierra Leone in the area of tax administration, we have ensured that we learn from other countries in Africa in terms of how they have improved things, the challenges they faced and their successes”.

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ACC CAPACITATES SIERRA LEONE COMMERCIAL BANK STAFF ON ANTI-BRIBERY AND ANTI-CORRUPTION ISSUES PDF Print E-mail
Business
Written by Expotimes   
Wednesday, 26 July 2017 21:42

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.

 

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ACC URGES EDSA BO TO TACKLE BRIBERY AND PETTY CORRUPTION PDF Print E-mail
Business
Written by ALIMAMY LAHAI KAMARA   
Tuesday, 27 June 2017 18:02

“Electricity is an essential commodity. Operations of Government offices and private enterprises hinge on the availability of electricity. And in the homes, every single Sierra Leonean will like to enjoy electricity service; therefore, we cannot afford to tolerate petty corruption and bribery in the energy sector,” ACC Southern Regional Manager told staff of Electricity Distribution and Supply Authority (EDSA) at a general meeting at EDSA conference room.

Samuel Marah said EDSA staff have to brace up for the job and conduct themselves in line with best practice. He said meters, poles and cables, ladders, pliers, and computers do not involve in malpractices by themselves, but it is the individuals who use them as they interact with the gullible public. The public most times is unable to identify EDSA staff from non EDSA staff.

He said EDSA in Bo must implement measures already designed to tackle petty corruption and bribery happening in the sector. May 2017 PNB complaints report indicated bribes paid for meter replacement, new connection, reconnection, bill reduction and avoiding disconnection. These hotspots continue to feature repeatedly in the report and it is about time actions are taken. Erection of service charter indicating costs for services can be a huge measure to curbing petty corruption.

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Sierra Leone Embassy & Beijing Chamber Of Commerce for Cultural Industries Launch China-Sierra Leone Hand-In-Hand International Foundation PDF Print E-mail
Business
Written by John Baimba Sesay- CHINA   
Saturday, 17 June 2017 17:23

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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Editorial

26th IPRA Conference in Sierra Leone Ends on a High Note

The International Peace Research Association (IPRA) successfully held its 26th General Conference on ‘Agenda for Peace and Development: Conflict Prevention, Post-Conflict Transformation, and the Conflict, Disaster Risk and Sustainable Development Debate’ in collaboration with the 10TH Dealing With Disasters Series, Northumbria University (UK)and Sakarya University (Turkey) and  the University of  Sierra Leone at the Bintumani Conference Centre in Freetown, Sierra Leone from November 27 to 1st December 2016.

Read more...

Business News

Managing Director of Rokel Commercial Bank, speaks to The Worldfolio about the investment opportunities in Sierra Leone

John D. Okrafo-Smart, Managing Director of Rokel Commercial Bank, speaks to The Worldfolio about the investment opportunities in Sierra Leone and gives his insight into the banking landscape.

Excerpts shared by Sheriff Mahmud Ismail

The Government of Sierra Leone is placing great priority in improving the business climate, enhancing infrastructure and support to private sector development. In line with the government focus, the Central Bank is targeting price stability in support of economic recovery, enhancing monetary policy instruments and liquidity management and also limiting intervention in the foreign exchange market, which will be important to preserve foreign exchange reserves.

The above measures will help in the strengthening of the banking system to support financial intermediation. Commercial banks are thus poised to benefit and take advantage of the improved economic and business environment by offering better services to their customers, including loans and overdrafts and forex to import, thereby creating wealth and boosting government revenue.

Read more...

Media News

Two veteran Journalists, now in the United States have paid a courtesy call on Sierra Leone's Ambassador

Two very respected and veteran Journalists who are in the United States of America for various reasons have called on Sierra Leone’s Amr. Bockari Kortu Stevens not only to appreciate the work of the Embassy, but also to pay courtesy as protocol demands.

Mr. Rod Mac-Johnson, former Lecturer Fourah Bay College, former Director of Information Ministry of Information and Communications, Former Director Sierra Leone News Agency (SLENA), Former Chairman Independent Media Commission (IMC) and stringer French News Agency  etc. is on vacation and Mr. Cyril Juxon Smith Director Information and Communications House of Parliament, former Acting Director General Sierra Leone Broadcasting Service (SLBS) and former UNESCO Media Consultant  is in the United States of America to attend the funeral of his father.

Speaking at the Ambassador’s residence on 4821 Colorado Avenue, Washington DC  Mr. Rod Mac-Johnson said “Thank  you Amr. Stevens for accommodating us in the middle of your tight schedule, and also to discuss with us in a homely spirit.

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Commentary

Dr. Tam Baryoh’s Only Crime!

Boris Johnson as a Journalist worked at The Times and Daily Telegraph newspapers. He edited The Spectator newspaper between 1999 and 2006. He was Member of Parliament for Henley from 2001 to 2008 and was also Mayor of London. He is a member of the Conservative Party and the current UK Foreign Secretary.

Nnamdi Azikiwe was to serve as the first president of independent Nigeria from 1963 to 1966. He opened and edited a number of newspapers in Ghana and Nigeria and later became an active politician. Obafemi Awolowo was a great Nigerian politician. He also was an active journalist and edited The Nigerian Worker, amongst other publications.

There is a clear link between politics and journalism though, there seems to be a very thin boundary, or perhaps, “a reflective door in the firewall, such that with time, politicians and journalists cross the line changing roles and moving from side to side,” argues Aminat Afolabi in a piece, titled ‘Politics and Journalism, the Interwoven Relationship between Them.”

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View Point

The APC Convention: A political façade, if not a joke!

Thanks to AYV partnered by AFCOM, I was able to followthe live coverage of the APC and SLPP conventions on my mobile phone from my base in the UK.It was good that both conventions took place simultaneously last week end (October 15-16, 2017) because, at the very least, it provided the opportunity to those keenly following the two historic events to compare and contrast them, not least in terms of democratic processes and procedures. Let me start by talking about how I saw the APC convention held in Makeni, then compare,and contrast it with what I saw at the SLPP convention held in Freetown.

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News - Press Release

EU Election Exploratory Mission meets Minister of Foreign Affairs and International Cooperation

(MFAIC Press Office, 18th October, 2017). The European Union Election Exploratory Mission to Sierra Leone led by Head of European Union Delegation to Sierra Leone, H.E. Tom Vens has paid a working visit to the Minister, Dr. Samura M.W. Kamara and Senior Management Staff of the Ministry of Foreign Affairs and International Cooperation, at the Ministry’s office in Tower Hill, Freetown.

Ambassador Tom Vens stated that the EU Election Exploratory Mission is in Sierra Leone following an invitation by the Government of Sierra Leone for EU Electoral assistance, and to further discuss the role of the Ministry of Foreign Affairs and International Cooperation in facilitating EU Observer Mission for the March 2018 elections in the country. The EU Election Exploratory Missionas part of its mandate is in the country to draft and finalise the MOU with the Government of Sierra Leone through the Foreign Ministry.

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Society -Local News

The State of World Population 2017: Unchecked inequality and failure to protect the rights of poorest women could undermine peace and world’s development goals, new UNFPA report warns

• Only about half of the world’s women hold paid jobs

• Globally, women earn 77 per cent of what men get

• Three in five women worldwide lack maternity leave, many pay “motherhood penalty”

Freetown, SIERRA LEONE, 17 October 2017-Unless inequality is urgently tackled and the poorest women empowered to make their own decisions about their lives, countries could face unrest and threats to peace and development, according the The State of World Population 2017, published today by UNFPA, the United Nations Population Fund.

The costs of inequalities, including in sexual and reproductive health and rights, could extend to the entire global community’s goals, adds the new UNFPA report, entitled, “Worlds Apart: Reproductive Health and Rights in an Age of Inequality.”

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Development

U.S. Ambassador launches National Early Warning Systems Project, funded by USAID

On Wednesday, October 18, U.S. Ambassador to Sierra Leone, Maria E. Brewer, announced the official launch of the USAID West Africa-funded “Mitigating Election Violence through National Early Warning Systems” (NEWS) project and the inauguration of the National Elections Response Group in Sierra Leone.

Supported by $500,000 from USAID, NEWS is implemented by the West African Network for Peacebuilding (WANEP) in Sierra Leone. The focus is to monitor and identify potential electoral violence triggers and assist government and non-government organizations in Sierra Leone to better mitigate them.
The National Elections Response Group (NERG) is a partnership under the NEWS project, between WANEP, the Inter-Religious Council, the Campaign for Good Governance, government stakeholders, representatives from the National Electoral Commission, the Ministry of Internal Affairs, Office of National Security (ONS) and a number of civil society organizations.

The primary objective of the National Elections Response Group (NERG) is to monitor the elections environment, develop, and recommend strategies and actions to relevant stakeholders with authority to implement necessary response actions to prevent escalation of tensions or incidence of violence for a peaceful 2018 election. Members of the NERG will work closely with WANEP, the Integrated Election Security Planning Committee under the ONS, Provincial and District Election Security Committees – PROSEC and DISEC with an extensive network of civil society organizations and with 60 community monitors across the country to identify potential risks of electoral violence.

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Politics

PRESIDENT KOROMA SAYS… “I am very proud of Ansumana Usman Koroma”

President Dr Ernest BaiKoroma has informed Sierra Leoneans that, “I am very proud that we have people like Ansumana. We need many more Ansumana Usman Koromas that will go out there as Ambassadors of our country, showing and telling a good story about Sierra Leone.”

Whilst speaking at his Presidential office in Freetown, President Koroma affirmed that, “I am very proud of Ansumana and I am encouraging him to do more by helping his people.”

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