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[Startup Interview] Bockarie Banya, CEO, Dukanii UG, Sierra Leone
At a time when Africa continues to enjoy increased continental trade and booming business with its international peers, technology has been hailed as a key driver to this success.
[Column] Tony Elumelu: Demystifying African Business Myths
Though the story line on Africa has progressed – it is no longer about “saving” Africa, but how best to promote investments in Africa – there is still work to be done to tackle inaccurate information about Africa that persists in mainstream media.
Rising Academies to close Series A investment of $4.25m led by Klett Kita & Schule GmbH
Rising Academies has announced the close of a $4.25m Series A investment led by Klett Kita & Schule GmbH for quality education in Africa.
DFC CEO business visit to Freetown
U.S. International Development Finance Corporation (DFC) CEO Scott Nathan traveled to Freetown, Sierra Leone to highlight private sector-led development, meet with government officials, and discuss development and investment opportunities with the business community.
GCF approuve un investissement de 145 millions USD de la FMO dans le CI2 du Climate Fund Manager.
Le Fonds vert pour le climat (GCF) a approuvé la proposition de FMO et de Climate Fund Managers (CFM), d'un montant de 145 millions USD, visant à accélérer les investissements du secteur privé dans des projets d'eau, d'assainissement et d'océan à faibles émissions et résilients au changement climatique, intitulée Climate Investor 2 (CI2).
Sierra Leone improved access to safe drinking water in rural areas
In Sierra Leone, improved access to safe drinking water for more than 700,000 people in rural areas, thanks to the African Development Bank
AlHuda CIBE strengthened its roots in Sierra Leone financial industry
AlHuda Centre of Islamic Banking and Economics diverted its human resources to Sierra Leone financial market, in a couple of days by its professional excellence and technical expertise penetrated freely in Freetown.
Sierra Leonne at the table of MSGBC Oil, Gas & Power 2022 exhibition in Dakar
Sierra Leone Petroleum Directorate DG to Speak on New Licenses at MSGBC Oil, Gas & Power 2022
Innoson says close to huge gas find in Sierra Leone
Innoson Oil & Gas Ltd., on the cusp of a huge 8 trillion cubic feet (TCF) gas discovery in the Sierra Leonean basin
Wildcat Petroleum announces Reconnaissance Permit Agreement for 20 blocks off-shore Sierra Leone
Wildcat Petroleum announced that after a process of engagement with the Petroleum Directorate of Sierra Leone (PDSL), it has entered into a Reconnaissance Permit Agreement (Permit) over 20 offshore petroleum blocks in Sierra Leone.
AfDB commits $88.2 Million for transport facilitation in Liberia and Sierra Leone
The concessional window of the African Development Bank Group, approved $88.2 million in financing for the third phase of the Road Development and Transport Facilitation Programme for the Mano River Union.
Islamic Development Bank approves $320.6m for development projects in Sierra Leone, Burkina Faso, Yemen and Indonesia
The Islamic Development Bank approved $320.56 million in financing to new development projects in water and sanitation, health, roads and women empowerment in Sierra Leone, Burkina Faso, Yemen and Indonesia.
World Bank approves $50m grant to improve access to electricity in Sierra Leone
The World Bank approved a $50 million grant from the International Development Association (IDA) to improve access to electricity in Sierra Leone and enhance institutional capacity and commercial management of the sector.
Ecobank launches Leadership Training Programme to support women-owned businesses across Africa
Ecobank Commercial Banking has launched its Ellevate Leadership Training Programme in partnership with the Global Business School Network (GBSN).
[Sierra Leonne] Orange Digital Center launches Smart Klin
Orange introduced Smart-Klin, A waste disposal and detection company that uses Sensor Smart Waste Collection(SWC) system to identify the status of waste bins and detect the percentages of waste.
IFC to Boost Agribusiness, Manufacturing in Sierra Leone with Investment in Kings Beverages
The $5 million loan, which includes $2.5 million from IFC and $2.5 million from GAFSP, the Global Agriculture Food and Security Program, will enable Kings to complete construction of its factory in Freetown.
AfDB grant to improve governance of natural resource outflows in six African countries
Six African countries will soon benefit from a grant from the Transitional Support Facility (TSF) of the African Development Fund, through a project designed to strengthen national capacity for governing natural resource outflows in Africa.
IFC nomme M. Kyle Kelhofer au poste de représentant régional senior pour l'Afrique
IFC a nommé M. Kyle Kelhofer au poste de représentant régional senior pour le Bénin, le Ghana, le Libéria, la Sierra Leone et le Togo.
IFC appoints Kyle Kelhofer as Senior Country Manager for Africa
IFC has appointed Kyle Kelhofer as Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo.
FMO, TCX issue first ever synthetic bond in Sierra Leone
Dutch development bank FMO, in partnership with TCX, issued the first ever synthetic Sierra Leonean Leone bond (SLL).
HeidelbergCement sells Sierra Leone business to Diamond Cement Group
HeidelbergCement holds 50% of the shares in the company and has full management responsibility. The sale includes a cement grinding plant with two grinding mills.
Lleida.net to bring registered email and SMS services to postal operators in Africa
Telecom services company Lleida.net has signed new contracts with the national postal operating companies of Senegal and Sierra Leone and has renewed its existing contract with the postal operator of Malawi.
[Interview] Augustine Sensie Bangura, CEO, Sierra Agri Foods, Sierra Leone
Augustine Sensie Bangura is the entrepreneur behind Sierra Agri Foods, an agricultural food processing business selected by the United Nations as one of the 50 Best Small Businesses in the world providing good food for their communitity.
Macro-Eyes receives $2.1m funding to expand deployment of STRIATA in Sierra Leone, expand into two other countries
Macro-Eyes has received $2.1 million in funding to expand the deployment of STRIATA in collaboration with the Ministry of Health and Sanitation (MoHS) in Sierra Leone and to expand into two additional countries.
[Sierra Leone] MFS and Afrimoney partner to improve access to mobile money
Mobile money company MFS Africa has entered Sierra Leone via a partnership with mobile network operator Africell’s mobile money business, Afrimoney.
NuRAN signs MOU with Telinno-Consulting in Mali and Sierra Tel in Sierra Leone
NuRAN Wireless Inc., a leading supplier of mobile and broadband wireless infrastructure solutions, announces it has signed a Memorandum of Understanding (“MOU”) with Telinno-Consulting Limited for the in Mali, West Africa and Sierra Leone.
UAE suspends flights from Liberia, Sierra Leone, Namibia
The General Civil Aviation Authority (GCAA) and the National Emergency Crisis and Disasters Emergency Management Authority (NCEMA) have announced the suspension of all inbound flights for national and international carriers coming from Liberia, Sierra Leon, and Namibia, effective 23:59 on Monday, June 21st.
GE Healthcare appoints George Uduku as General Manager of West Africa
General Electric has announced the appointment of Dr. George Uduku, a Nigerian national, as the General Manager for West Africa
Blockchain-as-a-Service provider Domineum announces partnership with nChain and BSV blockchain
Domineum, a London-based software development firm announced that it has entered into a partnership arrangement with nChain, a provider of data integrity solutions built by their in-house blockchain experts.
[Sierra Leone] Capitol Foods receives $1 million debt facility to boost expansion
Cordaid Investment Management (CIM) and Triodos-Hivos Fund, two Netherlands-based impact investment funds, have co-financed Capitol Foods’ expansion of its local fruit processing capacity to meet the growing demand for its Sierra Juice beverage products.
WFP, China partner for food assistance in Cameroon, Guinea-Bissau, Sierra Leone and Uganda
The United Nations World Food Programme (WFP) and the Government of China signed agreements to provide food assistance to vulnerable people in Cameroon, Guinea-Bissau, Sierra Leone and Uganda.
AfDB supports domestic debt market development in the Gambia, Sierra Leone, Guinea and Liberia
The African Development Bank (AfDB) launched a project to support development of domestic debt markets and financial systems in four West African Monetary Zone (WAMZ) countries; the Gambia, Sierra Leone, Guinea and Liberia.
Winch Energy, NEoT Offgrid Africa partner to develop solar mini grids in Uganda and Sierra Leone
Off-grid utilities provider Winch Energy, has partnered with NEoT Offgrid Africa to develop solar mini grids in Uganda and Sierra Leone.
MIGA issues $25.6m in guarantees to Escotel Mauritius for solar power generation in Sierra Leone and Liberia
MIGA, a member of the World Bank Group, issued guarantees of up to $25.6 million to Escotel Mauritius covering its investments in solar power generation in Sierra Leone and Liberia for a period of up to ten years.
Sierra Leone, China and UNICEF unveil newly established Special Care Baby Unit in Kailahun
A newly established Special Care Baby Unit (SCBU) has been unveiled at Kailahun District Hospital in Sierra Leone.
World Bank approves $40m to support SME investments, economic diversification in Sierra Leone
The World Bank approved a $40 million grant from the International Development Association (IDA) to support investment and growth of Small and Medium Enterprises (SMEs) in non-mining productive sectors.
[Sierra Leone] IOM strengthens capacity of airport frontliners as Freetown International Airport reopens
After being closed for four months, Sierra Leone’s only international airport has reopened to foreign commercial flights.
AfricaCo finances Sierra Leone's Bumbuna II Hydroelectric project with $6 million
InfraCo Africa has signed an agreement with lead developer Joule Africa to provide $6 million of funding to the 143MW Bumbuna Hydro II initiative in Sierra Leone.
World Bank approves $50 million grant to improve education quality in Sierra Leone
The World Bank approved a $50 million grant to support the Government of Sierra Leone’s flagship program for Free Quality School Education launched in 2018.
World Bank approves $100 million to support economic resilience in Sierra Leone
The World Bank approved a $100 million grant from the International Development Association (IDA) to support the Government of Sierra Leone in promoting sustainable and inclusive growth and building economic resilience.
Total pursues divestment of non-core assets in Sierra Leone and Liberia
In line with its strategy of actively managing its asset portfolio and its objective to divest $5 billion on years 2019-2020, Total is pursuing the divestments of several non-core assets.
Total keeps pace of divestments with asset sales in Brunei, Sierra Leone and Liberia
In line with its strategy of actively managing its asset portfolio and its objective to divest 5 B$ on years 2019-2020, Total is pursuing the divestments of several non-core assets in both Exploration-Production in Brunei, Sierra Leone and Liberia.
Sierra Leone to receive $7.5 million from World Bank for COVID-19 response
The World Bank approved a $7.5 million International Development Association (IDA) grant to help Sierra Leone respond to the threat posed by the coronavirus outbreak.
Sierra Leone to count on AfDB to help build resilient economy, restore self-sufficiency in rice production
Sierra Leone will look to the African Development Bank (AfDB) to stimulate agribusiness development in the country with a focus on rice production.
Andersen Global premieres in Sierra Leone
Andersen Global is strengthening its presence in West Africa with a Collaboration Agreement with Freetown-based legal firm Fornah-Sesay, Cummings, Showers & Co., FCS Legal, in Sierra Leone.
AfDB allocates €1.2 million to train policymakers in boosting mining revenues in 8 African countries
The African Development Bank (AfDB) has allocated a €1.2 million grant to provide training to help resource-rich countries improve their mining revenues in Africa.
China, Sierra Leone donate rice, support implementation of country’s national school feeding programme
The United Nations World Food Programme (WFP) welcomed a contribution of 2,850 metric tonnes of rice from the Government of Sierra Leone to support the implementation of the country’s national school feeding programme.
UK aid to help build green cities across Africa with quality infrastructure
The International Development Secretary pledged new UK aid support to build the African cities of the future, so the continent can continue to thrive and reach its economic potential.
IFAD projects strengthened rural financing in Sierra Leone, report
Rural development projects financed and supported by IFAD expanded access to rural finance and increased agricultural production in Sierra Leone, despite the civil war and Ebola epidemic, according to a new report.
Sierra Leone, IFAD to strengthen partnerships, agricultural value chains and rural financing
The Independent Office of Evaluation of IFAD and the Government of Sierra Leone will hold a workshop in Freetown to share the findings of the independent evaluation of IFAD’s country strategy and programme for Sierra Leone.
OPEC Fund signs US$85m loan agreements for 4 African countries
The OPEC Fund Director-General Dr Alkhalifa signed a public sector loan agreements totaling US$85m with beneficiary countries Benin, Liberia, Senegal and Sierra Leone.
Sierra Leone government and Sherbro Alliance Partners collaborate to establish economic city
The Government of Sierra Leone (GoSL) and Sherbro Alliance Partners have signed a Memorandum of Understanding on a strategic partnership for the development of a new charter city.
USTDA feasibility study to support minigrid development in Sierra Leone
The U.S. Trade and Development Agency has awarded a grant to the Ministry of Energy of Sierra Leone for a feasibility study to provide the technical and financial analysis necessary to implement approximately 45 minigrids in Sierra Leone.
IFC partners with ITOCHU to develop largest pineapple processing facility in Sierra Leone
IFC has signed a deal with ITOCHU Corporation and its subsidiary Sierra Tropical Ltd. to develop the largest pineapple producing and processing facility in the Republic of Sierra Leone,
[Sierra Leone] IFC invests $60 million in Sierra Rutile to support expansion, community development
IFC, a member of the World Bank Group, announced a $60 million investment in Iluka Resources’ Sierra Rutile Limited to partner with the resources company as it expands its operations in Sierra Leone.
DBSA commits US$4.9m to Joule Africa’s hydropower project in Sierra Leone
As Joule Africa enters the final stages in developing the Bumbuna II 143 MW hydropower project in Sierra Leone, DBSA has committed US$4.9 million to finance remaining project development activities.
ICAO appoints CAAi to strengthen aviation safety oversight in Sierra Leone
CAA International (CAAi), the technical cooperation arm of the UK Civil Aviation Authority (UK CAA), is to assist the Sierra Leone Civil Aviation Authority (SLCAA) to strengthen its regulatory oversight capability.
AgDevCo starts sourcing cocoa from 20,000 Sierra Leone farmers
AgDevCo has made investment in Tradin Organic to source organic cocoa directly from certified small-holder farmers in Sierra Leone linking them to manufacturers in Europe, the USA and Asia.
Vimetco names Afreximbank financial adviser for $130-million Sierra Leone bauxite mine expansion project
The African Export-Import Bank has been selected to serve as the exclusive financial adviser and mandated lead arranger for the $130-million bauxite mine expansion project by Sierra Mineral Holdings Limited.
Tiffany trains Africans to cut region-sourced diamonds
More than a quarter of Tiffany's 1500 global diamond cutters and polishers are now based in Africa.
Winch Energy to electrify 24 villages in Sierra Leone through solar mini-grids
Winch Energy has signed a contract with the Ministry of Energy in Sierra Leone to provide electricity to 24 towns and villages in northern Sierra Leone through solar mini-grids.
[Sierra Leone] IFAD targets 34,000 households with $72 million project to boost food security and incomes
About 34,000 vulnerable rural households in Sierra Leone will benefit from a new $72.6 million project that aims to improve food and nutrition security and raise the incomes of smallholder farmers.
South African Airways increases West African connectivity
South African Airways has enhanced connectivity for its customers travelling to, from and beyond the West Africa region following the successful completion of a MOU with Africa World Airlines, the airline’s Ghanaian partners.
Sierra Leone launches $20 million project to support extractives sector governance
The Government of Sierra Leone, in collaboration with the World Bank, has launched the second phase of the Extractive Industries Technical Assistance Project to support the artisanal mining sector in the country.
[Sierra Leone] Government picks Agrotop for $60m chicken project
The government of Sierra Leone has chosen Agrotop, a global player in livestock turnkey projects to construct a large-scale layer and pullets farm at an investment of $60 million.
Anglophone West African countries weather odds to project bright economic prospects, Ecobank research
The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team in the newly published Anglophone West Africa section of its flagship financial website.
Globeleq, CDC and TCQ Power project break ground in Sierra Leone
Globeleq, an independent power company in Africa, along with CDC Group plc (CDC) and TCQ Power, have celebrated the start of construction of the 57 MW Western Area Power Generation Project in Sierra Leone with a ground breaking event.
[Sierra Leone] Easy Solar receives funding from Acumen and Gaia Impact Fund to accelerate access to off grid solutions
Acumen, the nonprofit global venture fund, and Gaia Impact Fund, a venture fund specializing in clean energy have announced their investment in Azimuth, trading as Easy Solar, a pay-as-you-go solar distribution company operating in Sierra Leone.
[Sierra Leone] Solar Park Freetown project is successfully inaugurated
The Government of Sierra Leone is pleased to announce that Sierra Leone has undergone a number of critical steps leading up to the historic landmark event on 12th of December 2017, where the Solar Park Freetown project was inaugurated.
Sierra Leone parliament ratifies key Bumbuna II power project documents
Following on from the Government of Sierra Leone’s signing of the 25-year Power Purchase and Implementation Agreements with Joule Africa in August 2017, these important project documents have now been ratified by the Sierra Leone Parliament.
African Development Fund approves €48m grant finance for Guinea-Sierra Leone border road reconstruction
The Boards of the African Development Bank Group have approved funding of €48 million from the African Development Fund for the reconstruction of the border road from Guinea to Sierra Leone.
AfDB approves $3m line of credit to Union Trust Bank Sierra Leone
The Board of Directors of the African Development Bank has approved a line of credit of US$ 3 million (synthetic local currency equivalent) to Union Trust Bank Sierra Leone to help finance projects and enterprises in transformational sectors.
ASKY Airlines to resume flights to Free Town, Monrovia and Banjul
Ethiopian strategic partner, ASKY Airlines, has finalized preparations to resume services to and from the West African cities of Monrovia, Freetown and Banjul effective November 1, 2017.
Airtel Sierra Leone becomes Orange Sierra Leone after acquisition
Telecommunications operator Orange has launched launch of its brand in Sierra Leone. As of today, Airtel Sierra Leone becomes Orange Sierra Leone.
Sierra Leone partners with RippleNami to to deepen ICT penetration
Sierra Leone President Dr. Ernest Bai Koroma and RippleNami Inc., a blockchain systems solution provider, have announced a nationwide digitization program that will forever change Sierra Leone's global digital standing.
USAID to launch new country programs in West and Central Africa
United States Agency for International Development Administrator Mark Green has announced that the U.S. President's Malaria Initiative , led by USAID and implemented together with the U.S. Centers for Disease Control and Prevention, will launch new country programs.
Sierra Leonean Science Graduate Partners with London Restaurateur to Launch New African Supper Club
Growing up in Sierra Leone and emigrating to England in her youth, Sylvia Browne has always enjoyed the West African cuisine and culture of her homeland.
World Bank supports access to finance in Sierra Leone with collateral registry
The World Bank has launched collateral registry in Sierra Leone, an innovative financial tool that will allow smaller businesses to use movable assets like machinery to access loans, helping them grow.
Public and Private Sector Leaders Join Forces to Unlock Private Investment in Sierra Leone
Public and private sector leaders from across Sierra Leone and beyond met yesterday in Freetown to discuss ideas, initiatives and partnerships that can spur private investment.
Pioneer corporate governance board leadership training program opens in Sierra Leone
The Institute of Chartered Accountants of Sierra Leone has partnered with the International Finance Corporation to deepen the pool of board members within the business community capable of serving on company board of directors.
Sierra Leone bets on newly constructed Murray Town Jetty to tackle maritime threats
Sierra Leone has officially unveiled a new purpose- built Murray Town Jetty which it is counting on to tackle the maritime industry’s greatest threats including unregulated fishing and smuggling.
[Sierra Leone] IFC in drive to encourage more women in management and boardroom positions
IFC, a member of the World Bank Group, is helping women in Sierra Leone take their place in senior management and boardroom positions as part of its strategy to promote gender diversity and inclusion, and strengthen the country’s economy.
Sierra Leone Opportunities for Business Action launches Freetown Pitch Night
Sierra Leone Opportunities for Business Action (SOBA), a private sector development programme to facilitate economic growth in Sierra Leone, recently launched Freetown Pitch Night, a monthly event that gives entrepreneurs a platform to practice their business pitches while connecting them with the mentors, advisers, and business experts they need to grow their businesses.
[Sierra Leone] World Bank commits $4 million grant to the fisheries sector
Sierra Leone will receive $4 million from the World Bank Group’s Global Environment Facility (GEF) for strengthening the national legal and regulatory framework, institutional development, strengthening fisheries monitoring, control and surveillance to reduce illegal, unreported and unregulated fishing activities.
[Sierra Leone ] Government starts extension of Bo-Kenena electricity distribution system set to benefit 37,000 households
The Government of Sierra Leone, with financial support from the African Development Bank (AfDB) and UK Aid, also known as Department for International Development (DfID) has launched on Mondayvthe rehabilitation and extension of the Bo-Kenema Electricity Distribution System in Sierra Leone.
COLUMNS.
[Column] Andrew Springate: Modernising and regulating SA’s payments industry
Fintechs and Virtual banks are increasingly grabbing a larger share of market space, but often taking on more risk than traditional banks ...read full column here
[Column] Cathy Smith: With change the only constant, leaders will need to be adaptive in 2023
For leaders navigating the turbulent waters ahead, it helps to keep an eye on some of the main risks lying in wait...read full column here
[Column] Dumisani Moyo: Navigating the winds of change in a digital-first world
Following the devastation caused by the COVID pandemic, business leaders are now faced with navigating yet another set of disruptive market conditions ...read full column here
INTERVIEWS.
[Interview] Fedir Ted Martynov, CEO, CARMACHAIN, Nigeria
Ted Martynov leads CARMACHAIN, a fintech outfit operating in Nigeria that enables credit data for lenders in markets underserved by credit bureaus… read full interview here
[Interview] Ireayomide Oladunjoye, MD/CEO, Endeavor, Nigeria
Endeavor, a not-for-profit organization, is the global community of, for and by high-impact entrepreneurs … read full interview here
[Interview] Mikhail Marchenko, Co-founder, JuicyScore, Kenya
JuicyScore offers anti-fraud and risk management solutions to digital lenders, insurance companies, e-commerce, and classifieds… read full interview here
B2B Events
The Africa Trade Expo (TATE) | Virtual Conference and Trade Show | 9 March 2022 - 9 March 2023
The Africa Trade Expo (TATE) presents direct access to African buyers whose main aim is to source the latest products, establish partnerships, and conclude import/export deals ... read full details here
Future Foods | African Food & Beverage Industries Virtual Conference & Trade Show | 9 March 2022 - 9 March 2023
Future Foods is a virtual meeting place for importers, F&B managers, retail category buyers, owner-operators, agents, and distributors from across Africa’s diverse and booming ... read full details here