Sierra Leone Is Now Open for Business… President Bio Woos Investors

Changsha, China – His Excellency President Julius Maada Bio has wooed investors at the opening ceremony of the 4th Investing in Africa Forum held in Changsha, Hunan Province that Sierra Leone is now open for Business.

Sierra Leone Brewery Company Ltd. to Invest Le29 Billion in can package line

State House, Freetown, Tuesday 11 September 2018 - Managing Director of Sierra Leone Brewery Limited, Daff Van Tilburg, has told His Excellency President Julius Maada Bio that they are set to invest Le 29 billion in their canning package line this year.

Transport Minister, NCP Chair laud Bollore's Impressive New Terminal Investment

Freetown Terminal Limited (FTL), a subsidiary of Bollore Group has been highly acclaimed by key government officials for the company’s massive investment at Queen Elizabeth II. The Minister of Transport and Aviation, Kabineh Kallon was joined by the Chairman of National Commission for Privatization (NCP), Umaru Napoleon Koroma, General Manager of Sierra Leone Port Authority (SLPA) Dr Abdulai Fofanah, and the Chairman of SLPA, Manso Dumbuya, on a conducted tour on Freetown Terminal Limited’s facilities on Tuesday. 

The company had a concession agreement signed with the Government of Sierra Leone in October 2010 for an initial period of ten years, and in 2016 Parliament ratified an additional ten years port concession with the government becoming a shareholder with 20%. FTL’s extension project involves a new quay of 270 meters at -13 meters, 3.5 hectares of new storage area, two ship-to-shore cranes and four Rubber Tyre Granting (RTG) cranes. The new Quay started operation on 29th August 2018 with 3780 TEUS of extra capacity, 168 reefers plugs and a power plant of 6 megawatts designed to provide 100% of needs.

Bollore’s Country Manager, Fabjanko Kokan said they are working as a team not only to transform the port to become one of the best in the world. The port’s development he said will benefit unborn generation. “I am happy that 35 Sierra Leoneans have been trained to operate the new cranes, which have the capacity to handle over forty containers per hour.

Kokan pointed out that his company investment has helped reduce the time for clearing containers at the port and provides more business opportunities to the country.  He thanked the government of Sierra Leone for the trust and confidence it has on the company to be a key partner.

Transport and Aviation Minister, Kabineh Kallon commended the great job done by the company and assured that government will continue to provide a sound legal and investment opportunities framework for the benefit of the nation. He revealed that the government will continue to look for further expansion project so that bigger ships will come in.

Chairman of NCP, Umaru Napoleon Koroma said he is highly impressed with the company's investment, which adds to the country’s development drive.  “We are hoping for a further expansion so as to enable us has the largest port in the Sub region,” he said and added that there are greater opportunities ahead for Sierra Leone to become a transshipment hub.  Chairman of SLPA, Manso Dumbuya commended FTL’s investment and encouraged the company to continue with the good works.

Can the future of the world's food production rely on Africa?

ROMA, Italy, September 2, 2018/ -- Addressing a standing room only crowd of global agriculture experts at the FAO headquarters in Rome, 2017 World Food Prize Laureate and President of the African Development Bank, Akinwumi Adesina, says the answer is a resounding yes!

Bollore Starts Operation in Newly Expanded Queen Elizabeth II Quay Port

Bollore Transport and Logistics, a renowned port handler in France with branches across the globe, has fully completed works on the 270 meter container terminal extension at the Queen Elizabeth II Quay in Freetown.

President Bio Meets Chinese President for the First Time

Beijing, China, Thursday 30th August 2018 - The maiden State Visit by His Excellency President Julius Maada Bio to the People’s Republic of China has so far been a remarkable success.

German Chancellor Angela Merkel Visits the ECOWAS Commission

In furtherance of the excellent relations between the Economic Community of West African States (ECOWAS) and the Federal Republic of Germany, the President of the ECOWAS Commission Jean-Claude Kassi Brou, will play host to the Chancellor of the Federal Republic of Germany Mrs. Angela Merkel, on the 31st of August 2018.

Wanted: New approach to extractives

The challenge of Africa’s development will be met through mobilisation of its resources, bringing goods and ideas to a global market that needs them and defining policies that support creation and fair distribution of wealth locally.

The resources for the continent’s development aspirations will not come from foreign aid, grants and loans.

After all, Africa is home to about 30 per cent of the world’s mineral reserves, 10 per cent of oil and eight per cent of natural gas. The assets needed are mostly available in its soil.

PRODUCE IDEAS

Africa’s human capacity will have to be developed to produce the goods and ideas that sustain its development, and government, the private sector and civil society will have to be primed to meet the ultimate challenge of wealth creation and equitable distribution.

A two-day meeting in Nairobi, Kenya, from tomorrow will discuss the first of these challenges: Effective and sustainable management of Africa’s natural resources with a focus on East Africa. The continent is believed to be the most-endowed region with an abundance of all that has enriched peoples and nations across the globe: Oil, gold, diamond, coltan, platinum and so on.

The challenge for the world’s poorest continent is simply how to ensure that below-ground riches become the above-ground wealth that can propel the poor to become the architects of their destiny with more food, better jobs and improved education and health for all Africans.

EXPLOITATION

Albert Einstein said, “The problems that we face cannot be solved by the same level of thinking that created them.”

Centuries of exploitation of Africa’s resources have generated massive wealth for those that developed the know-how to find and bring them to the market.

That they continue to do so in an age when the technology for achieving desired outcomes has become ubiquitous and available to all should give us pause and compel every African to question current development thinking on the pros and cons of resource extraction on the continent.

Out of this meeting should come ideas and models of governance on how to create real wealth from the region’s natural resources and to use it to develop East Africa.

Research by Mark Curtis for the organisation War on Want found that London Stock Exchange-listed companies control more than $1 trillion worth of African gold, diamond, oil and gas resources. China may hold multiples of that in African minerals stock.

FINANCIAL FLOWS

An African Union study shows $50 billion in illicit financial flows leaves the continent yearly. That ought to thrust every African into a state of deep introspection.

As Kenya, Tanzania and Uganda become new actors in the global extractives sector, the over-arching question must be addressed: Will they go the way so many others on the continent have, victims of the proverbial “resource curse”, or open new pathways for change with the active collaboration of their citizens?

Shortly after coming into office in 2015, Tanzania’s President John Magufuli expressed profound disappointment in that his country was not getting a fair share of the revenue from its extractive resources. President Idriss Deby Itno of Chad had said the same thing over a decade earlier.

MASS POVERTY

Long before them, President Mobutu Sese Seko of then-Zaire (present-day Democratic Republic of Congo, DRC) — irrefutably the poster child of that African conundrum of co-existent wealth and poverty — hinted that he could not comprehend why the country would not emerge from mass poverty.

How do the billions of dollars that come out of Africa’s sub-soil leave the continent with hardly a trace?

The experts will speak of poor contractual arrangements, ill-conceived legal, policy and institutional frameworks, absence of transparency in revenue-sharing and disregard for land and community rights. The list could go on.

The travails of Nigeria’s Delta region and Ogoniland exist to remind us of the environmental disasters that come with unrestrained exploitation of natural resources.

CORRUPTION

The huge elephant in every room — unbridled corruption — continues to drive discussions and shape outcomes in the sector, killing every hope that Africa will, some day, reap any meaningful dividends from the one thing nature endowed it with, for the benefit of its people.

The Nairobi meeting will bring together public sector experts, business leaders, representatives of academia and civil society and media professionals.

A lot will depend on the outcomes. It may well be just another meeting to engage in yet another random intellectual exercise.

Or, as I fervently hope, it may result in a new level of thinking on how the extractive industries can better serve Africa’s development needs.

Mr Chinje is a senior adviser, the African Media Initiative. This email address is being protected from spambots. You need JavaScript enabled to view it.

Obituaries

Friday, August 21st 2019 marks a year of the passing of Hadja Hawa Khadar Daramy, wife of Late Honourable Dr. Sheikh Batu Daramy (First Financial Secretary of Sierra Leone) and Member of Parliament of Sierra Leone Peoples Party (SLPP).  Hadja Hawa was born 1st December 1922 to Sowoi Mariama Fortune and Alhaji Ali Khadar.
 
Hadja Hawa Khadar Daramy hails from Mongeray, Kpaka, Pujehun where her mother was born.  Oh! how she just loved Mongeray.   Her father was born in Helba, North Lebanon.
 
Hadja Hawa Khadar Daramy passed away at 5:30 a.m. on Wednesday 21st August
...

...

With gratitude to God for a life well lived

Obituary for the late Evelyn Lauretta Idowu-Davies
Sunrise:11 February 1925
Sunset : 10 March 2019
Aged 94
Funeral & Communion service : Friday 22 March at the Ebenezer Methodist Church Murray Town at 2:30
From the Children and grandchildren at home and abroad.

17th March 2019, marks the 20th Anniversary of the passing away of HONORABLE, DR. SHEIKH BATU DARAMY SR, aka, SB Daramy.  Dr. Sheikh Batu Daramy, Sr. B.Sc (Economics from London School of Economics, UK), M.A., Ph.D from Howard University, was born on 20th September, 1920 in Makeni.  Today we remember one of the Sierra Leone Peoples Party (SLPP) oldest members.  In 1948, Hon. Dr. Sheikh Batu Daramy was awarded a Sierra Leone Government scholarship to attend the London School of Economics from where he graduated in 1952 with a B.Sc in Economics. ...

The death is announced of Mr. Fuad Din Gabisi age 84 years whose sad event took place today Monday 12th November, 2018. He is survived by his wife Balkisu Din Gabisi of 3 Ingham Street Fourah Bay Community, Freetown. Sisters: Haja Bola Deen (Late) and Ola Din-Gabisi (UK)
Children: Mrs. Christiana Bultman-Sulaiman of the USA
Mr. Sulay Din Gabisi of USA
Miss Zainab Din Gabisi of Freetown
Mr. Aziz Din Gabisi of Freetown
Mr. Dyfu Din Gabisi of USA
Grandchildren
Miss Blanche Bultman of USA
Mr. Fuad Din Gabisi ...

Weather

Go to top
Template by JoomlaShine