Ahead of the Financial Year 2024 Budget Speech Day on Friday, 10th November, 2023 the Government is currently scrutinizing proposals for tax increases on imported cement and iron rods, according to a senior official in the Ministry of Finance. An emergency Cabinet meeting was held yesterday to look at the proposals. Up until last night, there was no confirmation that …

The Press Secretary at State House, Solomon Jamiru Esq, yesterday confirmed the appointment of Dr Ibrahim Stevens as the substantive Governor of the Central Bank. He succeeds Prof Kelfala Kallon. Dr. Stevens, who held the position of Deputy Governor since 2014, brings a wealth of experience, including a background as a Senior Economist at the Bank of England and holding …

His Excellency President Dr Julius Maada Bio has addressed the Committee of Ambassadors from the Organisation of African, Caribbean and Pacific States (OACPS), on the sidelines of the Rebranding Africa Forum, making a strong case for Sierra Leone as one of Africa’s investment destinations. The President, who was in Brussels, Belgium, on Friday as a guest of honour and keynote …

By Mohamed Fofanah [email protected]. ARISE Integrated Industrial Platforms (ARISE IIP) began an intensive operation on September 1, 2023, to erect boundary walls for the construction of 15 factories, providing 34,000 direct and indirect jobs in 24 months at the Sierra Leone Industrial Zones (SIZ) in Koya. Speaking at the maiden media tour on the facility Friday, ARISE announced that it …

By December last year, the Government of Sierra Leone was very enthusiastic about the idea of having a private company to manage the Pepel Railway and Port. It therefore came as no surprise that, on 10th January this year, the Government of Sierra Leone wasted no time in terminating the Lease Agreement they had signed with Kingho Railway and Port …

The last passenger railway service in Sierra Leone was terminated in 1974 under the leadership of President Dr. Siaka Stevens, the founder and leader of the All Peoples Congress (APC). Under the leadership of President Brig. (Rtd) Julius Maada Bio, passenger railway is expected to return very soon. ARISE Integrated Industrial Platforms have procured and shipped seven passenger railcars from …

22nd January 2023. The Government of Sierra Leone last Tuesday signed the Pepel Port and Pepel-Tonkolili Railway Development, Expansion and Management lease agreement with a company called ARISE Integrated Industrial Platforms Ltd. According to the Minister of Mines and Mineral Resources, Timothy Kabba, this agreement is part of the bigger reforms in the mining sector, where the government intends to …

ARISE Integrated Industrial Platforms have informed the Government of Sierra Leone through the Ministry of Transport and Aviation that, in line with their Lease Agreement signed with the Government on 17th January, 2023 they have procured and shipped seven passenger railcars from Japan, which are expected at the Freetown Port on 26th October, 2023. On 17th January, 2023 ARISE IIP …

It has been confirmed by the Global Times that, Kingho Railway and Port Company Limited trading as Leone Rock have clandestinely but successfully negotiated a new 20-year agreement with the Government of Sierra Leone for the management of the Port and Railway in Pepel in the Port Loko District. The initial 2-year agreement between the Government of Sierra Leone and …

Oil marketing company, Leonoil Company Limited popularly known as LEONCO, on Thursday, September 7, 2023, opened an ultra-modern filling station in Rotifunk, Lungi, Kaffu Bullom Chiefdom, in the Port Loko district. This latest move by the oil marketing company fulfilled its strategic vision to bring liquid gold to the doorsteps of customers in every community nationwide to make its petroleum …