On 21st March, 2023 the Government of Sierra Leone signed a shareholders’ agreement with ARISE IIP (SL) Limited for the management of a special purpose vehicle in charge of managing and operating the Pepel rail and port. ARISE owns 90% of the company with 10% ownership by the Government of Sierra Leone.
In the shareholders’ agreement, the Government of Sierra Leone agreed to “irrevocably and unconditionally” renounce any request or right to immunity, including sovereign immunity which may be “applicable now or in the future under the procedures and implementing measures initiated against it or against its assets”.
Investigations continue.
