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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

Kono District is most synonymous with mining than perhaps any other place in Sierra Leone. The soils of Kono are home to some of the country’s previous minerals, like diamond, gold, bauxite, iron ore, etc. However, this is the first time Coltan mining is going to be commenced in the district by the Pan African Rare Metals Mining Company. Coltan …

The industrial sector has been dormant for decades due to several unfortunate reasons, but it is getting back on its feet under the New Direction Government of President Dr Julius Maada Bio. According to the Minister of Trade and Industry, Dr. Edward Hinga Sandy, the contribution from the industrial sector in Sierra Leone according to a recent World Bank Report …