BUSINESS WORLD
There are Lots of Business Potentials in Sierra Leone"...Says Denis Fraser
BUSINESS WORLD
Posted by on Mar 9, 2010, 12:01
The chief business man whose company, Fraser Turner was responsible for negotiating, enhancing and clinching the deals that led to the London Mining Plc, taking over the TECSBACO lease at Marampa, Mr. Denis Fraser, has said in Freetown that Sierra Leone is a serious country and place to do business, and added that there are lots of business potentials in the country. Speaking at his putsch suite at his hotel, Mr. Fraser said London Mining Plc
Enforcing the Minimum Capital Base Requirement for Commercial Banks: Challenges of the Sierra Leone Central Bank
BUSINESS WORLD
Posted by on Feb 3, 2010, 16:48
Towards the end of 2009, the Central Bank of Sierra Leone raised (at least on paper) the minimum capital base requirement of commercial banks from around Le 5 Billion to Le 15 Billion for a start in 2010 and Le 30 Billion in five years time. Many of us that heard the news gave two thumbs up to the Central Bank, the Bank of Sierra Leone (BSL) for a job well down
Evolution of Development Planning in Sierra Leone
BUSINESS WORLD
Posted by on Jan 18, 2010, 10:41
Sierra Leone is a small country with a population of about 5 million in an area of 72,000 Sq Km. The country is endowed with a broad range of natural resources, including fertile lands for agriculture and forestry; sizable deposits of gold, diamonds, bauxite, rutile, iron ore and high valued fish deposits. Coffee, cocoa and fish are the major agricultural exports of the country.
IS SIERRA LEONE 2010 BUDGET FISCALLY PRUDENT?
BUSINESS WORLD
Posted by Mohamed C. Bah Guest Writer on Jan 3, 2010, 14:29
The government Budget statements and Financial policies for the financial year 2010 delivered by the Minister of Finance and Economic Development, Dr. Samura Kamara on December 4, 2009 in the chamber of parliament offers some fresh hope of our nations troubling economy. I was particularly encouraged by the budget theme
What is Sierra Leone Audit Service Doing to Promote Accountability?
BUSINESS WORLD
Posted by Mustapha Sulaiman Wai, CPA on Dec 20, 2009, 21:18
The Sierra Leone Audit Service which is supposed to be the supreme independent auditing institution engaged on the front line in the war against fraud, waste, and abuse in government in Sierra Leone, is in appearance not only weak, but has also remained dormant for years in carrying out its responsibilities
Windfall For Rural Sierra Leone As Canadian Partnership Boost IMITT Center
BUSINESS WORLD
Posted by Muckson Sesay - Executive Director IMITTCENTRE and OPARD-SL Canada Representative on Dec 18, 2009, 21:18
The Retiring Director and Co-founder of Powerland Computer Mr. Wes Penner who is now an associate business partner to the Ishaak Muckson Innovative Technology Centre, (IMITT Centre, www.imittcenter.com) has added another fist into the well celebrated community- driven technology initiative in the African nation of Sierra Leone
The Canadian philanthropic business entrepreneur who has been in the Information Technology zenith for over two decades has boosted the centre with High Power Electricity Generating Machine, 100 Pentium 4 Dell Computers, Two IBM Servers, Xerox Photocopy Machine, Networks Printers and many more Retrofitting gears.
The Financial Crisis and the Sierra Leone Economy
BUSINESS WORLD
Posted by on Nov 18, 2009, 09:15
Sierra Leone is a small economy, highly dependent on Agriculture and informal economic activities. Notwithstanding the smallness of our economy, Sierra Leone is part of the global village, which depends on the output of our countries to meet its own needs. This means that whatever happens in the world (whether good or bad) will also affect Sierra Leone. It is therefore true that the global financial and economic crisis has had its impact of our economy.
Ahead of the Trade and Investment Forum in London November 18th, George Soros Statement on Sierra Leone
BUSINESS WORLD
Posted by on Nov 16, 2009, 11:54
After meeting President Ernest Koroma and other members of the government during my first visit to Freetown in 2007, I came away convinced that Sierra Leones new government was serious about moving the country forward.
Economic and Trade Cooperation Between China and Sierra Leone... Reports By Qiu Shaofang, Ambassador of the Peoples Republic of China
BUSINESS WORLD
Posted by on Nov 16, 2009, 11:36
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| Chinese President Hu Jintao (L) holds a welcoming ceremony for his Sierra Leone counterpart Ernest Bai Koroma in Beijing, capital of China, May 25, 2009 |
In November 2006Cthe Beijing Summit of the Forum on China-Africa Cooperation was held successfully, and the new-type strategic partnership relation between China and Africa was established. On behalf of the Government of China, Chinese President Hu Jintao announced the Eight Measures for strengthening pragmatic cooperation with Africa and supporting the development of African countries
Economic Turmoil....Weak Sierra Leone Currency Strong US Dollar
BUSINESS WORLD
Posted by Philip Neville Executive Editor on Nov 3, 2009, 12:09
"Too much money chasing few goods" some in an economics class would described as INFLATION, while the layman in the village would say its hard time. Excuses most time advanced for poor economy in the case of Sierra Leone is that exports are non available to complement local economic activities to foster growth and economic development,. The question is how long shall the political power and the so-called micro and macro economist experts in the country continue to advance incomprehensible economic theories that the layman in the village cannot underastand, when all he cares to know is how he can afford not even three-square meals a day for his family, but a square meal that he can survive on with his family till the next day?
How to Develop Small-Scale Entrepreneurs In Sierra Leone
BUSINESS WORLD
Posted by Abu Bakarr Kargbo on Oct 17, 2009, 20:09
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| Small Scale Business Opens From Early in the Morning Till Late in the Night |
A small scale business can be said to be one that requires a small amount of capital to establish it, this kind of businesses usually have a small number of employees or in most cases personally handled by the owner, and are referred to as micro businesses (this is a term used by international organizations such as The World Bank and The International Finance Corporations. The term "mini business" or "Bop business" is a common colloquial expression for a single family operated business with few or no employees other than them).
Sierra Leone Makes Key Improvements in Business Reform
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 Leones 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 Leones VAT has a number of features that theoretically make it quite straightforward and as painless as possible
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