STANDARD TIMES PRESS SIERRA LEONE PAGE

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

Privatization of Public Enterprises in Sierra Leone and the Financial Crisis

BUSINESS WORLD
Posted by on Feb 27, 2009, 18:21
Many research studies have widely shown that privatization leads to enhancing the financial and operating performance of state-owned enterprises, public enterprises (PEs) following divestiture. As a policy, privatization could not only motivate privatized PEs but, equally important, it could also motivate public firms, including banks and utility providers, to readily face future changes in the economic system through its spillover effects.

Banking Regulation and Banking Crises in Sierra Leone

BUSINESS WORLD
Posted by on Jan 31, 2009, 17:50
Sierra Leone is small economy with 5 million people. The country relies mainly of agriculture and mining sectors for its foreign exchange earns. Although the economy�s GDP is growing at a 6.5% average annually, yet poverty is sill widespread in the country. This notwithstanding, the country has a growing and ever-expanding banking sector (it seems). Currently, there are at least 13 commercial banks operating in the country with the relevant license and other documents.

Economic Crisis Could Turn Out to be a Blessing in Disguise

BUSINESS WORLD
Posted by on Jan 27, 2009, 02:19
There are a lot of greedy people in the world, and bank scandals along with corporate theft are unfortunately here to stay. Human nature dictates this. People will always exploit a loophole no matter how tight the regulations. However what is certain is that new regulations will now be put in place around the world considerably tightening up loopholes, making banking transactions more transparent, introducing simpler mortgage agreements, and making banks in general act far more responsibly.

The Important Role of Banks as Financial Intermediaries in Sierra Leone

BUSINESS WORLD
Posted by on Jan 22, 2009, 16:45
Financial intermediation is a pervasive feature of all of the world�s economies. However, there is a widespread view that financial intermediaries can be ignored because they have no real effects. They are a �veil� covering real economic activities. They do not affect asset prices or the allocation of resources. However, in this article, I take the view that the savings-investment process

Public Enterprises and Private Sector Development in Sierra Leone

BUSINESS WORLD
Posted by on Jan 9, 2009, 15:40
In the 1960s the Sierra Leone Government time made the achievement of economic growth a primary goal. In line with development thoughts at the time, the Government placed so much emphasis on promoting industrialization, which was perceived as an integral part of the development process and was expected to facilitate the transformation of the predominantly agricultural economy to modern industrial economy. The share of industry in the economy was expected to rise, generate opportunities for employment

The Central Bank of Sierra Leone and �Coin Changers�

BUSINESS WORLD
Posted by on Jan 6, 2009, 23:30
Sierra Leone�s financial system, like in many other economies, has evolved over time. Prior to independence in 1961, the financial system was part of the colonial monetary arrangement with the West African Currency Board (WACB) as the issuing authority. There were only two commercial banks in operation at the time, namely: The Bank of British West Africa Ltd which is now Standard Chartered Bank Sierra Leone Ltd. and Barclays Bank (D.C.O) later became Barclays Bank Sierra Leone Ltd and now transformed to Rokel Commercial Bank.

Capital Market Operations in Sierra Leone....How Can Government Benifit

BUSINESS WORLD
Posted by Dr Mohamed Jalloh on Jan 6, 2009, 22:06
A Stock Exchange is actually a component of the Capital Market. The Capital Market is divided into two areas; the Primary Market and the Secondary Market. The Primary Market deals with the trading of new securities. When a company issues securities for the first time (i.e. IPO) , they are traded in the Primary Market through the help of issuing houses , Dealing /Brokerage Firms , Investment Bankers and or Underwriters. The acronym IPO stands for Initial Public Offering, which means the first time a company is offering securities to the general public for subscription.

Understanding Capital Market Operations in Sierra

BUSINESS WORLD
Posted by Dr Mohamed Jalloh on Dec 24, 2008, 17:19
Given the growing concern to improve on the poor growth performance of African countries, development of the financial sector attracted considerable attention from policymakers across the continent. Since the mid-1980s, most African countries have experimented with policies of financial sector reforms partly motivated by the Structural Adjustment Programs (SAP) articulated by the World Bank and International Monetary Fund (IMF), as well as efforts to catch up with the pace at which other developing economies

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