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Business

Why Commodity Prices Are Going Up

By Amadu Daramy
October 2, 2021
in :  Business, Opinions
2,867

Strategic Communications Unit, Ministry of Information and Communications. There has been a hue and cry over the steady increase in prices of essential commodities for which government has been subjected to intense rebuke by some sections of the public. The opposition particularly has lost no time in making political capital out of the unbearable situation knowing fully well that being …

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Information & Trade Ministers Engage Citizens

By Amadu Daramy
September 30, 2021
in :  Business, Opinions
2,263

The Minister of Information and Communications Honourable Mohamed Rahman Swaray and the Minister of Trade and lndustry Honourable Dr. Edward Hinga Sandy embarked on a media blitz in Bombali District on Wednesday September 29, 2021. The discourse was to engage citizens on government’s policies and programs, discuss President Dr. Julius Maada Bio’s recent trip to the United Nations General Assembly …

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PRA Targets Le1Trillion

By Amadu Daramy
September 29, 2021
in :  Business, Opinions
2,882

By Sylvester Samba. The Executive Chairman of Petroleum Regulatory Agency (PRA), Dr. Brima Baluwa Koroma has expressed confidence that his Agency will generate One Trillion Leones for the SLPP government in the coming years. Dr. Koroma made the disclosure during the ongoing Financial Year 2022 budget discussion taking place at the Ministry of Finance, Treasury Building in Freetown. Making his …

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14 Pee Cee & Sons Workers Arrested For Stealing

By Amadu Daramy
September 21, 2021
in :  Business, Opinions
4,045

Police have confirmed the arrest and detention of fourteen employees of Pee Cee and Sons for stealing property belonging to the company. They appeared at the Ross Road Magistrate Court yesterday but they were denied bail and remanded at the Male Correctional Centre in Freetown. According to the company’s Administrative Manager, Mukesh Patel, the fourteen employees were caught red-handed along …

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5,000 Affordable Housing Units Soon

By Amadu Daramy
September 20, 2021
in :  Business, Opinions
3,425

By Mohamed Fofanah. Sierra Leone Investment and Export Promotion Agency (SLIEPA) has unveiled home builder and construction company, “Groupe Djata” with plans to build 5,000 affordable housing to cope with the increasing population growth in the urban areas across the country. Speaking at a press briefing at OAU Drive, Tower Hill in Freetown on Friday, the Chief Executive Officer of …

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New Cement Price Is Unfair… Mackie On The Rack

By Amadu Daramy
September 15, 2021
in :  Business, Opinions
3,790

Ahmed Mackie trading as MACCEM (Mackie Cement) is under pressure not to sell a bag of imported cement above Le75,000 a bag because of the incentives his company enjoys in the importation of the commodity. MACCEM and Dangote enjoy special incentives from the Government in the importation of cement. Both companies are exempt from paying 15% GST on imported cement. …

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Dismantle Importers Cartel

By Amadu Daramy
September 15, 2021
in :  Business, Opinions
2,071

By Mahmud Tim Kargbo. Since Independence, commodity trading in the country has primarily being in the hands of a cartel. Successive governments have failed to enact policies to disempower or dismantle this cartel. In countries with the absent of these exploitative cartels, prices are determined by demand and supply, for Sierra Leone this is not the case. The primary determinant …

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NP Goes To Mattru Jong

By Amadu Daramy
September 14, 2021
in :  Business, Opinions
2,549

By Mohamed Fofanah. Leading oil marketing company, National Petroleum (NP-SL) Limited Saturday commissioned a new filling station outlet in Mattru Jong, Bonthe district as part of efforts to ensure that the company’s petroleum products are accessible across the nook and cranny of the country. Speaking in Mattru town, the Proprietor of the new filling station, Mustapha Kallon, expressed optimism for …

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Musa Tarawally Establishes Modern Garments Factory

By Amadu Daramy
September 7, 2021
in :  Business, Opinions
3,153

Well-known Politician and Businessman, Alhaji Musa Tarawally has established an ultra-modern garments manufacturing factory along Wilkinson Road in the West end of Freetown. Trading as TEES (Truly Excellent and Exclusive Services), Musa Tarawally intends to employ about 250 people when the garments manufacturing factory becomes fully operational by next month. Experts from India and Pakistan are currently assembling the sewing …

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Gov’t Reclaims Oil Refinery

By Amadu Daramy
September 2, 2021
in :  Business, Opinions
5,106

The Government of Sierra Leone through the Ministry of Trade and Industry and the Attorney General’s office has reclaimed properties belonging to the defunct Sierra Leone Petroleum Refinery Company at Kissy. Speaking to Global Times recently, the Minister of Trade and Industry Dr. Edward Hinga Sandy said that, “Prior to the coming of the Bio administration to office in April …

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By Mohamed Fofanah. Falaba and Karene District Councils yesterday signed a 1,050,000 Euros grant …

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