STANDARD TIMES PRESS SIERRA LEONE PAGE

BUSINESS WORLD
Posted by on Sep 14, 2009, 13:27
Sierra Leone has made key improvements in regulatory reforms that make it easier to do business, according to Doing Business 2010: Reforming through Difficult Times, the seventh in a series of annual reports published by IFC and the World Bank. Sierra Leone’s Doing Business reform efforts started in 2005. In 2010, the country improved its overall ranking by climbing 8 spots to 148

RELEVANCE TO SIERRA LEONE OF THE RECENT VISIT OF THE PRESIDENT OF THE WORLD BANK GROUP TO AFRICA

BUSINESS WORLD
Posted by on Aug 28, 2009, 00:29
An opinion Editorial by Robert B. Zoellick, President of the World Bank Group, following his recent visit to Africa. Interestingly for Sierra Leone, Mr. Zoellick provides feedback on his trip to certain post-conflict and fragile African countries that face almost the same recovery and development challenges as Sierra Leone. His feedback is therefore a must-read for Sierra Leoneans at home and abroad. Watch out for the striking

Banking Crisis Hit Nigeria, Bank Of Sierra Leone be Warned

BUSINESS WORLD
Posted by on Aug 21, 2009, 01:15
The current banking crisis in Nigeria brings to mind the fragile state of our banking system, especially so when we know that most of these banks have their ‘regional’ headquarters in Nigeria. Recently an official of the Bank of Sierra Leone revealed that there were only 300,000 Sierra Leoneans that have bank accounts, yet there at least thirteen (13) commercial banking operating in the country, all fighting and or competing with each other for these 300,000 people

The Goods and Services Tax (GST)-Policy Implications...Features of Sierra Leone's GST

BUSINESS WORLD
Posted by on Aug 17, 2009, 01:09
The idea of introducing a value added tax in Sierra Leone has been around for some time now in the context of a review of the country's entire tax system. Sierra Leone’s VAT has a number of features that theoretically make it quite straightforward and as painless as possible

International Monetary Fund Announces $17Billion to Assist Poor Countries

BUSINESS WORLD
Posted by on Aug 17, 2009, 01:03
The International Monetary Fund (IMF) has announced plans to raise $17 billion in extra funding to assist very poor countries presently challenged by the global financial crisis. The IMF wants to sell some 403 metric tones of its gold reserves to raise the needed funds. The proceeds from the sale, according to the IMF managing Director, Dominique Strauss-Kahn

Development Challenges in the Sierra Leone Economy

BUSINESS WORLD
Posted by on Aug 2, 2009, 10:43

The Taia Resort Costing Millions Of Dollars is A Boost To The Tourism Industry in Sierra Leone

The protracted rebel conflict in Sierra Leone damaged social and economic infrastructure and rendered many important national institutions practically inoperative for a decade

Guaranty Trust Bank- Awarded 'The Best Bank'… Euromoney

BUSINESS WORLD
Posted by on Jul 22, 2009, 17:52

Sparta Building at Wilberfoce Street Headquarters of Guranty Trust Bank in Freetown

Africa’s first bank to be listed on the London Stock Exchange, Guaranty Trust Bank plc, has achieved another feat yet again with its recent recognition by the pre-eminent international finance magazine, Euromoney, as the “Best Bank in Nigeria

Moves to Solve House Problems.....Vice President Opens Home Finance Company in Sierra Leone

BUSINESS WORLD
Posted by ABU BAKARR KARGBO on Jul 13, 2009, 12:37
The Vice President of Sierra Leone, Chief Alhaji Samuel Sam Sumana last Friday officially open the HFC Mortgage and Savings (SL) Limited at their Liverpool Street office in Freetown. The company is owned by the National Social Security and Insurance Trust, NASSIT, and is expected to provide savings banking scheme and also mortgage facilities on housing

Taxation And Development in Sierra Leone

BUSINESS WORLD
Posted by on Jun 18, 2009, 13:07
From time past, government leaders around the world have always attempted to collect taxes from their citizens in the form of income taxes or other taxes as part of a broader effort to finance rapidly growing expenditures. Income taxation proved to be an incredibly lucrative source of revenue for many governments

Ecobank Group Releases 2008 Results:Pan-African Bank Increases Revenues By 60 Percent

BUSINESS WORLD
Posted by on May 7, 2009, 20:26

The Ecobank Group is pleased to release its results for 2008. The group posted an all round strong performance for the year. Gross revenues rose more than 60 percent from US$697 million in 2007 to US$1.2 billion in 2008.

The Impact of the Financial Crisis on the Sierra Leone Economy

BUSINESS WORLD
Posted by on Apr 22, 2009, 00:55
The current financial crisis, which originated from the USA’s housing market, is surging across the public-private boundary in the area of deficit financing and the demand for goods and services. It has surged across national borders within the developed world, and now there are reasons to fear that the crisis will swamp emerging markets

Is Capitalism the Cause of Poverty in Sierra Leone?

BUSINESS WORLD
Posted by Bakarr Turay on Apr 19, 2009, 10:22
Take for example, in Sierra Leone poverty is an unfortunate daily reality for 70% of the people of this resourceful country. As in many other developing countries, poverty in Sierra Leone is most pervasive in rural areas, where two-thirds of the country’s population resides and where eight out of ten are considered poor. While living conditions in Freetown are crowded, and life is difficult, poverty levels are actually much lower in the capital than in rural areas and secondary towns. In Sierra Leone, poverty is associated with larger households, households with older heads, those that are headed by a female, and those engaged in subsistence agriculture.

Business as an Alternative to Capitalism and Poverty?

BUSINESS WORLD
Posted by Bakarr Turay on Apr 15, 2009, 01:43
Yes! There are a number of them. Technological progress, fuelled by capitalism, means that our basic human needs for food and shelter could be met with less effort than before, giving us a lot of time for one another. Altruism, working outside of the capitalist system for the benefit of others, is an increasingly feasible alternative, especially for those in materially prosperous nations.

Irrational or Rational Price Hike By Cell Phones Operators in Sierra Leone?

BUSINESS WORLD
Posted by on Apr 6, 2009, 08:23

Celtel now Zain Top Up Cards Seller in Sierra Leone...Cell Phone Operators Exploit The Masses

Last week, mobile phone users were taken aback as a result of the unannounced increase in tariffs by the GSM companies, excluding TIGO that maintained its original price. It is not that TIGO is the “good boy” or the “Judas” in the mobile phone business, but a clear show of concern for this economically strapped country.

The Central Bank of Sierra Leone’s Role in Regulating the Financial System in the Face of Crisis

BUSINESS WORLD
Posted by on Mar 31, 2009, 11:11
The current global financial crisis is a by-product of the unchecked financial liberalization of western countries. Financial liberalization differs from trade liberalization in this important respect: unilateral deregulation benefits the deregulator because it pulls business from abroad. In trade, a lone liberalizer may be hurt if other countries enjoy its open markets without reciprocating. In finance, by contrast, countries that don’t follow the lead of liberalizers run the risk of losing investors

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