His Excellency President Dr Julius Maada Bio has commissioned a $22 million All Petroleum Product (SL) Ltd, APP, facility east of Freetown, and said it will add value and boost the mainstream sector of the petroleum industry in the country. APP SL Limited is a Sierra Leone based and pan-African owned energy company involved in the importation, marketing and distribution …

Standard Chartered Plc is planning to exit its operations in seven countries in Africa and the Middle East as the lender looks to focus attention on the region’s largest and fastest growing markets including Saudi Arabia and Egypt. The lender said in a statement Thursday that it will no longer have a presence in Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra …

After an independent investigation was conducted by the ACC (Anti Corruption Commission) into reports that the Sierra Leone Correctional Services had refused to pay Misheal Kay Construction and General Supplies for the supply of rice for Officers and Inmates, the Commission has concluded that the Correctional Services owes Misheal Kay Construction and General Supplies an outstanding balance of Le1,191,594,920. The …

Sierra Leone will shortly replace its present currency with new Leone notes and cents. The Sierra Leone Commercial Bank, now led by Yusufu Abdul Silla, is spearheading the charge in educating the people about the new Leones and cents-based currency. SLCB has put up displays of the new notes and cents at all of its branches and other outlets around …

By Jonathan Hindolo Kurabu. The First Lady Madam Fatima Bio accompanied by her husband and a host of Cabinet Ministers, has commissioned a newly constructed building for Meat Sellers along the Bo/Koribondo Highway. The Meat Sellers building was constructed single handedly by Brima Baluwa Koroma, Executive Director, Petroleum Regulatory Agency. In his opening statement, Brima Baluwa Koroma said he pitied …

Members of the Civil Society Consortium on Community Accountability and Service Delivery have supported the National Revenue Authority (NRA) for the recent introduction of the Electronic Cash Register (ERC), which is mainly for business people whose turnover is one hundred million Leones and above. The introduction of the new system has caused public outcry, especially among business people who feel …

By Mohamed Fofanah. The Commissioner-General of the National Revenue Authority (NRA) yesterday clarified that the electronic cash register (ECR) machines are “not added taxes” but “mere calculators” installed in every registered GST business to invoice and record all transactions. The tax itself according to Dr Samuel S. Jibao was introduced in 2009-he GST Act enacted by Members of Parliament to …

By Haja Adama Kamara. Ecobank Sierra Leone and Afrimoney yesterday officially launched the ‘Push & Pull Service (Bank to Wallet, Wallet to Bank) service at the Ecobank head office at 7, Lightfoot Boston Street, Freetown Speaking during the launching, Augustine Sankoh, the head of customer experience at Ecobank, said they are excited to have everyone that graced the occasion in …

The Minister of Trade and Industry Dr. Edward Hinga Sandi, on Thursday 10th February 2022, signed an agreement with MIRO Agro Industry at the Conference Room of the Ministry of Information and Communications during the weekly Government press briefing. In line with the Government of Sierra Leone’s Medium Term National Development Plan, which is geared towards Human Capital Development, the …

The Chairman, Board of Directors of NRA (National Revenue Authority), Mrs. Tuma Adama Gento-Kamara has defied a directive from the Minister of Finance to stop a planned investigation into some business entities, which will result in “an unhealthy business environment, impacting on the financial and economic governance of the state”. It would be recalled that a letter from the Minister …