By : Ing. Yayah A. B. Conteh. Those who are relatively economically balanced and somehow influential in our societies today are spending huge sums of money on a vast and unprecedented scale in order to combat the economic challenges of the day, at least in a desperate effort to maintain and uphold the status quo. Those who are not so …

𝐃𝐫. 𝐀𝐛𝐝𝐮𝐥 𝐃𝐞𝐞𝐧 𝐁𝐚𝐧𝐠𝐮𝐫𝐚. I have just read a press release issued by Sierra Leone’s Petroleum Regulatory Agency (PRA) announcing an upward review of fuel pump prices from NLe21.50 to NLe25.00 effective 1st August 2023. Unlike some people who have chosen to castigate President Bio’s administration, I have chosen to pity his government because of the tough decisions needed under …

EMTECH’s Beyond Cash or (BYDC) is a CBDC Simulator built on Hedera layer 1 protocol with pre-built APIs that simplify the integration of digital cash in fintech products across various use cases. EMTECH, an award-winning software company and first-of-its-kind Modern Central Banking Infrastructure provider, today announced the public release of its Central Bank Digital Currency (CBDC) Innovation Kit for fintechs …

ISA (Integrated Solutions Africa) Group has signed an agreement with the Ministry of Lands, Housing and Country Planning on behalf of the Government of Sierra Leone for the construction of high quality affordable houses of modest design for sale to moderate income earners, both at home and abroad. The company’s owner Raphael Israel informed the Global Times that his company …

His Excellency President Rtd. (Brig) Dr Julius Maada Bio, has officially launched the Reconstruction of the Kabala – Krubola – Kono Road Project (261km). The event was held in Dogolia Town, Koinadugu District, North of Sierra Leone. It was graced with fanfare by stakeholders, descendants and residents of Koinadugu and Falaba districts. Making his keynote address before officially launching the …

Two major sources of electricity supply to Freetown are currently facing technical challenges. The CLSG line to Freetown appears to be faulty. The Bumbuna hydroelectric power station is currently undergoing annual routine maintenance. Under normal circumstances, CLSG supplies 27 Megawatts of electricity to Bo, Kenema, Kono and Octea Mining Company in Kono. Bumbuna, on the other hand, under normal circumstances …

The CTC Mining Sierra Leone Limited (Ltd.) has successfully hauled the first consignment of 50 tons of Bauxite to Pepel Port for shipment. It could be recalled that Kingho Railway and Port (KRP), the manager and operator of the railway and Pepel Port and a subsidiary of the Leone Rock Metal Group (LRMG) on Friday 17th March 2023 signed a …

The global trend amidst multiple crises is for countries to elevate revenue mobilization efforts through reforms and legislative changes to achieve at least 18% of GDP to be able to pay for basic services of Government. The current global undeniable multiple crises include cost of food crisis, cost of fertilizer crisis, debt overhang crisis where 60% of the 74 low-income …

Family members of three Sierra Leoneans allegedly murdered by some South African security personnel employed by Marampa Mines Limited in the Port Loko district have called on the Government to set up an inquest to ascertain the cause and manner of death. The incident took place in October last year. They have questioned the autopsy report presented by Dr. Owizz …

His Excellency President Dr Julius Maada Bio will tomorrow officially commission the brand new Freetown International Airport at Lungi. The brand new airport was constructed by Summa Group of Turkey on a Build Operate Transfer basis. This new international airport will replace the derelict Lungi International Airport which was built by the British Colonial masters in 1945 during the Second …