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Business
NRA Gbalamuya Customs Post making progress amidst challenges PDF Print E-mail
Business
Written by Contact Tracer   
Thursday, 18 August 2016 06:03

The National Revenue Authority under the current leadership of the hardworking Commissioner General, Haja Kallah Kamara was established through an Act of Parliament, the NRA Act of 2002 with core mandate of assessing and collecting revenues on behalf of the government. It is also tasked with an addition responsibility, which is to facilitate trade, border control and management. Report states that this is why the revenue collection body modernized procedures and processes over the years in order to enhance effectiveness and efficiency in revenue collection.

Since the opening of the Gbalamuya Joint Border Post in 2012 and the establishment of the Automated System for Customs Data (ASYCUDA) in 2014, it has enabled customs officials of Guinea and Sierra Leone to operate under one roof and has significantly reduced the burden and time to transport goods. 

Investigations conducted by the press states that the Gbalamuya Customs Post has contributed immensely over the years in raising trillions of Leones for the government.

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Is South Africa Worthy of Your Investment? PDF Print E-mail
Business
Written by Martha Chauke   
Thursday, 11 August 2016 00:47

Developing countries like South Africa need FDI (Foreign direct investment). They are investments in a business by an investor from another country for which the foreign investor has control over the company purchased. The Organization of Economic Cooperation and Development (OECD) defines control as owning 10% or more of the business. Increased FDI in developing countries contributes to the country’s economic development because of external capital and increased revenue. Helping developing countries create employment opportunities for its citizens, invest in local skills development and new local industries.

The developing government is able to use the capital infusion and tax revenue generated from FDI for economic growth by improving the physical and economical infrastructure of the country. Such as building roads, educational institutions, developing transport and communication systems and also subsidising the creation of domestic industries. Making it possible for all citizens to benefit from the FDI. Besides from the monetary aspect, FDI affords developing countries a learning experience which in turn leads to other growth paths. 

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NRA’s Implementation of WTO’s Trade Facilitation Agreement (TFA) PDF Print E-mail
Business
Written by Ann Marie Dumbuya   
Tuesday, 26 July 2016 17:44

In 1996, some WTO members raised the need for an agreement on trade facilitation as part of the World Trade Organisation (WTO) Agreements. Negotiations on the said agreement however lasted for nearly 10 years. It was only in November 2014, that WTO members agreed to incorporate the trade facilitation agreement (TFA) as part of the WTO Agreements.

The main purpose of the TFA is to foster more efficient customs clearance procedures, promote the use of modern technologies to ensure the speedy movement of goods and people, advance effective cooperation between customs and other relevant authorities involved in trade facilitation, and to improve technical assistance and capacity building support in these areas.

The TFA covers trade in all goods and contains 24 Articles in 3 Sections. Section I refers to trade facilitation standards and obligations, Section II relates to the flexibilities provided for developing countries with regards timelines for the implementation of specific provisions of the Agreement, and Section III pertains to institutional arrangements. The high points of this agreement in relation to the NRA are:

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EPA On A Smear Propaganda PDF Print E-mail
Business
Written by Expotimes   
Sunday, 03 July 2016 23:27

The Admin and Finance Manager of AMR Gold’s subsidiary company, Wilkinson Hill Mining Company has informed this medium that the Wilkinson Hill will be commencing mining operations after the rains.

He said the Public Notice issued by the Environmental Protection Agency claiming to close down on the company’s mining activities is an utter misplacement and could be described as a smear propaganda aimed at fulfilling a hidden motive.

He further queried, “How do you stop an operation that has not started.” According to him, EPA acted with malice by issuing a Public Notice without their knowledge, adding that environmental protection is very fundamental to the company’s operations.

He said, “We are a very law abiding company and know the importance of protecting the environment without any hindrance to the community and the people. To show that we are very law abiding, we followed the procedures set out in the Environment Protection Agency Act in acquiring an Environmental Impact Assessment License.”

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New United Nations study finds digital payments to Ebola response workers saved lives and $10 million PDF Print E-mail
Business
Written by Angela Corbalan, angela.corbalan@uncdf.org / (+1) 917 224 9109   
Friday, 20 May 2016 04:43

By using digital payments to pay Ebola response workers, Sierra Leone massively cut payment times, avoiding large-scale strikes and ensuring a stable workforce to defeat Ebola.  Sierra Leone’s experience shows the critical importance of preparing early for digital payments before crises hit.

FREETOWN / NEW YORK, 18 May, 2016 – Mobile phones serving as digital “wallets” for payments to response workers proved an invaluable tool in Sierra Leone’s response to the Ebola crisis, according to a new study from the United Nations-based Better Than Cash Alliance

With economic instability, natural disasters and political conflict now taking place at unprecedented rates, the new research offers valuable lessons on how to harness the power of technology to help emergency workers reach more people by paying them digitally during crises.The country has been Ebola free since January.

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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.

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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.

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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

How and Why I endorse Julius Maada Bio for President?

I have

I have endorsed Retired Brigadier Julius Maada Bio for the SLPP presidential ticket in the March 7 2018 elections because I strongly believe in his project and ability to succeed as our next president if given the opportunity.  Perhaps I need to provide  some context as to how, when and why I took this decision.

Maada Bio is the second presidential candidate I have ever endorsed in Sierra Leone. The first was late president TejanKabbah during the campaigns in the 1996 general elections, which he won. I was then publisher and Editor-in-Chief of Expo Times, which won the best-selling newspaper award from the National Vendors Association that year. At the time, my newspaper was the largest circulation and most widely read newspaper in the country and my nearest competitors were For Di People and Concord Times. When the presidential election campaigns became heated and the battle lines were clearly drawn with the three front-runners, TejanKabbah of the SLPP, Karefa-Smart of the UNPP, and Thaimu Bangura of PDP (SORBEH), For Di People declared for and endorsed Karefa-Smart and the UNPP while Concord Times declared for and endorsed Thaimu Bangura and the PDP. Dr Prince Harding and Banda-Thomas then approached me to endorse and help TejanKabbah of the SLPP, who was then the clear frontrunner according to Opinion polls, to win the elections. 

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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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