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Business
NRA Board Chairman Bemoans Revenue Mobilization Challenges PDF Print E-mail
Business
Written by Ahmed Sahid Nasralla (De Monk)   
Saturday, 27 May 2017 08:42

Although Sierra Leone has shown encouraging trends in revenue mobilization growth in recent years, enormous challenges still remain. Board Chairman of the country’s tax administration authority, Alpha Muctar Jalloh, notes that these challenges are mainly macroeconomic and administrative.

“It is a priority for the Government to strengthen tax administration, block leakages and inefficiencies which may exist in tax collection. These challenges are mainly macroeconomic and administrative,” said Jalloh recently at a conference on Domestic Revenue Mobilisation organised by the Center for Policy Studies, University of Sierra Leone, in collaboration with the Institute of Public Administration and Management (IPAM), at the British Council in Freetown.

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Four illegal fishing cases found in Sierra Leone in four days PDF Print E-mail
Business
Written by press release   
Thursday, 20 April 2017 13:31

FREETOWN, Sierra Leone, April 20, 2017/ -- Four illegal fishing cases have been found during a joint surveillance mission conducted by Greenpeace (www.Greenpeace.org/Africa/en) and Sierra Leone fishery authorities. Two Chinese vessels and one Korean vessel have been arrested for infringements of Sierra Leone fishing legislation, including possessing or using illegal fishing nets on board, no visible marking and a lack of required paperwork, including log books and authorisation for unloading catch. Fishing authorities ordered the vessels to return to Freetown port for further investigation. A fourth vessel, owned by an Italian company, was found with four kilograms of shark fins on board. Though not illegal under Sierra Leonean laws, this is a clear violation of European Union (EU) fishing rules. This boat’s case will be taken further with relevant EU authorities.

In addition, more than 70 bags of shark carcasses were found on one of the Chinese vessels.

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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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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

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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