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Business
Finance minister presents the 2016 Budget in Parliament PDF Print E-mail
Business
Written by slena   
Saturday, 07 November 2015 21:55

Freetown, November 7 (SLENA) - The Appropriation Act, 2016, being an Act to authorize expenditure from the Consolidated Fund for the services of Sierra Leone for the year 2016 has been “Read The First Time” in the Parliament of Sierra Leone on the 06th November 2015.

The 2016 Budget was read and presented by the Minister of Finance and Economic Development, Dr. Kaifala Marah.

The Act contains its schedule to the total sum of three trillion nine hundred and thirty eight billion four hundred and sixty one million eight hundred and twenty thousand Leones (3,938,461,822,000), being funds necessary to meet the expenditure to carry on the services of the Government. These funds have been granted to His Excellency, the President of Sierra Leone, Dr. Ernest Bai Koroma for the purposes set forth in its Schedule. “The Act shall be deemed to have come into operation on the 1st day of January 2016”.

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SLIEPA, MTI Woo Indian Investors PDF Print E-mail
Business
Written by Jarrah Kawusu-Konte   
Saturday, 31 October 2015 22:01

At the Le Meridian Hotel in New Delhi, India, the CEO of SLIEPA, Raymond Kai Gbekie engages potential Indian Investors on Investment Opportunities in Sierra Leone.

The Sierra Leone desk was very busy all day during the B2B meetings as high quality and very serious Investors could not stop coming and asking questions as to how to invest in Sierra Leone, processes and procedures. The Deputy secretary of the Minstry of Trade and Industry Mr Gilbert Cooper was also on the floor to give a supporting hand to the CEO of SLIEPA.

This is a clear show of confidence in the Ernest Bai Koroma led Government and appreciation of the recent business friendly reforms rolled out.
Companies that were recorded range from major Agri-business companies, Health, Infrastructure, Health, Energy, Trading and
Manufacturing companies.

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Finance ministry set to roll out IFMIS PDF Print E-mail
Business
Written by Hawanatu Bockari (PFMICP IEC)   
Friday, 23 October 2015 09:55

Freetown, Oct. 22 9SLENA) - A joint monitoring team of the Accountant General’s Department, Public Financial Management Improvement and Consolidation(PFMICP),Public Financial Management Reform Project, (PFMRU) and the Information Communication Technology Department of the Ministry of Finance and Economic Development on Wednesday 21st October conducted inspection of Ministries, Departments and Agencies (MDAs) Local Area Network (LAN) for the Integrated Financial Management Information System (IFMIS) roll out which is scheduled for  November 2015.

The significance of the inspection exercise is for the team to verify whether the work done by the service provider, M&S Holdings has been completed and meets the team's specifications.

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AMR Gold To Employ Over 750 Sierra Leoneans PDF Print E-mail
Business
Written by Expotimes   
Tuesday, 06 October 2015 12:12

The Chief Admin and Finance of AMR Gold-Mohamed Sultan Daffae has disclosed that his company is planning to provide jobs for more than seven hundred and fifty Sierra Leoneans from both skilled and unskilled labour.

Mr. Daffae was speaking on Friday, 25th September, 2015 at the Kamakwie Court Barry, Lusania Street, Kamakwie Town where AMR Gold was donating 400 desk and chairs to 8 primary schools in Sella Limba Chiefdom, Bombali District.

In a very overjoyed mood, the Councillor of Ward 111 Constituency 36-Amara Foday Yansaneh said AMR Gold management has never ceased to amaze the people of Sella Limba Chiefdom, noting that the donation is to help contribute to the development of education not only in his Ward but to ensure that Sierra Leone achieve universal primary education for sustainable development.

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President Koroma Assures Income Tax Appellate Board PDF Print E-mail
Business
Written by State House Communications Unit   
Thursday, 17 September 2015 08:29

President Ernest Bai Koroma Tuesday 15th September 2015 assured the Chairman and Commissioners of the Income Tax Appellate Board of government’s continued support to ensure that work plan that has been set aside by the board is fully implemented. The President gave the assurance during a courtesy call on him by the Chairman James Momodu Fornah-Sesay and staff of the Board.

Congratulating the newly appointed Chairman, President Koroma said that the Board is coming in with a momentum that has already been shown by the Public Relations Office of the Board, through its outreach and communications campaign efforts.

He encouraged the Chairman and team to sustain the momentum by keeping the public abreast about the works of the Board and its role in the development index of the country, so that it will be remembered that it was during their tenure that the Income Tax Appellate Board became functional.

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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

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.

 

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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

CrPcEPd Life-saving jingle hits the airwaves

Freetown- 9 October 2017 – A new jingle that forewarns Sierra Leonean about the dangers of residing in disaster-prone communities will be released on 10 October 2017.

The 1:30-second radio jingle, aired twice daily for 70 days will be aired on seven major radio stations across the country.

The radio announcement is in Krio, the country’s Lingua Franca, and Mende, Themne and Kono- the widely spoken languages in Sierra Leone.

When radio-lovers tune in on Tuesday morning and evening for the next 70 days they will be informed about the changes in the weather.

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Society -Local News

ACC COMMISSIONER LAUNCHES PAY NO BRIBE CAMPAIGN IN KONO DISTRICT

The Commissioner, Anti-Corruption Commission (ACC) Ady Macauley Esq., on Monday 2nd October, 2017 officially launched the Pay No Bribe (PNB) campaign in Kono District. The PNB in the first phase had targeted, Western Area Urban and Rural, Bombali, Bo and Kenema Districts.

In his keynote address at the District Council Hall, Koidu City, Mr. Macauley  called on all Sierra Leoneans to fight bribery and petty corruption very seriously, stating that their consequences are debilitating. 

He thanked the Department for International Development (DFID) for the support provided to the ACC in the implementation of the PNB and assured that the ACC will play its part to ensuring a successful implementation of the campaign. Commissioner further commended the MDAs implementing the PNB and highlighted the astute and formidable leadership demonstrated by the Inspector General of Police (IG) Francis Munu as the SLP has dismissed and terminated police officers for various acts of corruption and malfeasance and instructed the dismantling of 23 illegal checkpoints nationwide.

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Development

THE CASE FOR REFORM OF THE UN SECURITY COUNCIL
  1. In recent years many UN member States have begun urging a change of the Security Council more so by demands of African states led by Sierra Leone.
  2. The main argument for reform is that change is necessary to make the Security Council more reflective of today’s International realities.
  3. Since the Council was created in 1945 more than a hundred and ninety two nations have come into existence and former defeated states in the last World War such as Germany, Japan and Italy have rejoined the World Community. While many developing states have become economic and trade dynamos yet the Security Council still operates on the same basic principles and with the same P5 (permanent Five) UK, USA, CHINA, FRANCE and USSR.

 

Sierra Leone has consistently and with farvour put the case for Africa at every fora upto some weeks ago in New York but it is difficult to assess the response of the UN or the P 5 respectively.

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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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