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Business
Why Parastatals should be Socially Responsible: the Case of NRA PDF Print E-mail
Business
Written by Ann Marie Dumbuya   
Friday, 10 February 2017 14:30

In Sierra Leone, the notion of corporate social responsibility has always been associated with the private sector. No wonder some people see the active involvement of the National Revenue Authority (NRA) in corporate social activities as strange, and many have opined that a tax collecting body should not be engaged in corporate social responsibility activities.

However, the impact of corporate social responsibility (CSR) on corporate image is immense, even for tax collecting bodies. The perception that tax collectors are monsters vigorously bent on collecting people's earnings with no care for the environment or the vulnerable in the community they operate is evolving. Indeed, many revenue authorities in Africa are today socially responsible.

The Zimbabwe Revenue Authority (ZIMRA) in an article in its website argues that "the nature of Revenue Collectors' mandate makes them the hill of the nation such that whatever they do is mirrored and echoed by many".

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Wilkinson Hill Mining Company Pays Le.130 Millions For Community Development PDF Print E-mail
Business
Written by Expotimes   
Wednesday, 08 February 2017 12:19

KAMAKWIE, Sierra Leone, 6th February 2017-AMR Gold’s subsidiary company, Wilkinson Hill Mining Company (WHMC) has made a payment of one hundred and thirty million Leones ($20,000), to the people of Sella Limba Chiefdom in Bombali District to boost up sustainable community development.

The payment was made on Thursday, 1st December 2016 at the Kathanta Primary School hall, in tandem with the company’s commitment to support the local communities through its cooperate social responsibility programs. The company had signed a Community Development Agreement, with landowning families and chiefdom stakeholders to allocate $10,000 for various development projects and $10,000for Educational support projects.

To further allow equitable management and total ownership of the funds by the communities, AMR Gold encouraged the landowners to open a bank account at the local Community Bank in Kamakwie where the funds have been deposited. This initiative has been described by the Chiefdom stakeholders as “bringing development directly to their door steps.”

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IMF Managing Director Christine Lagarde Appoints Abebe Aemro Selassie as Director of the IMF’s African Department PDF Print E-mail
Business
Written by Press Release No. 16/409 FOR IMMEDIATE RELEASE September 15, 2016   
Thursday, 15 September 2016 18:52

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today announced her intention to appoint Abebe Aemro Selassie as Director of the IMF’s African Department. Mr. Selassie succeeds Antoinette Sayeh whose departure was announced previously. He is expected to begin his work in this capacity on September 19, 2016.

“Abe brings a profound understanding of the challenges facing Africa, having worked closely with policymakers from across the region for much of his career. His proven ability to provide intellectual leadership, track record of building collaborative relationships, analytical depth, and warm collegiality make him ideally placed to lead the IMF’s work with our membership in sub-Saharan Africa. Having had the opportunity to work with Abe over the last five years, I have been struck by his sound judgement, integrity, and commitment to teamwork,” Ms. Lagarde said.

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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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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

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.

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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

Regent village head calls on LAB to tackle domestic violence

The village head for Regent, Ms. Jokomie Browne has called on the Legal Aid Board to help curb the increase in incidence of domestic violence in the Regent Community in the outskirts of the capital Freetown.

Ms. Browne wants the Board to hold outreach events in the village to educate the people on issues of law relating to domestic violence, gender, women’s rights, redress mechanisms and support services for victims.

‘We want to benefit from the Legal Aid Board’s Legal Empowerment Programme because there is an urgent need for one in the community,’ Ms. Browne told the Executive Director of the Board, Ms. Fatmata Claire Carlton-Hanciles on the phone. ‘The situation is desperate. I am afraid if you do not come in now the situation could spiral out of control.’

The call follows series of referral of victims of domestic violence to the Legal Aid Board office in Freetown. The latest victim sent to the Board is one Baindu who was battered by her boyfriend Borbor Abu in the presence of their one year old son.

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Society -Local News

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.

During his statement, Mr Shen said for over 40 years China has been fulfilling its commitment to Sierra Leone with regard the agricultural technical cooperation project.

He said China will continue to assist Sierra Leone in its developmental strides by providing technical support and assistance and by also providing training to help develop the human resource capacity of the workforce.

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Development

30 Staff of the Ministry of Finance & Economic Development will go China for Seminar on Economic Planning

Thirty (30) staff of the Ministry of Finance and Economic Development will depart the shore of Freetown to China on 14th August 2017. The purpose of their trip is to attend a seminar on Medium and Long-Term Economic planning for Sierra Leone. The National Development and Reform Commission of China will organize the seminar from 16th August to 7th September 2017 in the capital city of Beijing, People’s Republic of China.

The Economic and Commercial Counsellor of the Chinese Embassy in Freetown, Mr. Shen Xiaokai met with the 30 participants at the Conference Room of the Ministry of Finance and Economic Development (MOFED) on 2rd August 2017. In his remarks he told the participants that in December 2016, His Excellency the President Dr. Ernest Bai Koroma and the Minister of Finance and Economic Development, Mr. Momodu Kargbo visited China, where they had high level bilateral meetings with Chinese Government Officials. 

He said this seminar is as a result of those meetings. “When China makes a commitment, China will fulfil it” he reiterated. He said The Ministry of Finance is one of the most important ministries in this country, therefore this seminar was designed specifically to meet the needs of the ministry.

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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.
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