Thursday September 18th 2014

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‘Sierra Leone’ Archives

Sierra Leone Economy 2014: Recent Developments and Projects

Sierra Leone has recently shown strong macroeconomic fundamentals including an accelerated economic growth, declining inflationary pressures, stable exchange rate, sustainable public-debt level and improved current account position. The shift in the composition of principal drivers of growth – away from activities in agriculture, [...]

Top Agricultural Products in Sierra Leone

The following are the top agricultural products (by quantity) in Sierra Leone in 2011. Rank Commodity Production (MT) 1 Rice, paddy                       1,078,010 2 Cassava                         512,912 3 Vegetables fresh [...]

Sierra Leone 2013: Key Government Leaders and Ministries

Pres. Ernest Bai KOROMA Vice Pres. Samuel SAM-SUMANA Min. of Agriculture, Food Security, & Forestry Sam SESAY Min. of Defense & National Security Alfred Palo CONTEH Min. of Development & Economic Planning Mohammed B. DARAMY Min. of Education, Science, & Technology Minkailu BAH Min. of [...]

Renewable Energy Potential in Sierra Leone

ENERGY SOURCES Total installed electricity capacity (2008): 52 MW Thermal: 93.3% Hydroelectric: 7.7% Total primary energy supply (2008): 2,721 ktoe Biomass: 84% Oil and Oil Products: 15.9% Hydroelectric: ~0.1% Electricity production is primarily petroleum fuelled, all of which is imported. In the western region, electricity is [...]

Sierra Leone: Economic Developments 2013

Supported by the expanding mining and extractive sector, real GDP growth (including iron ore) leapt from 6% in 2011 to 16.7% in 2012 but is projected to slow down to a more sustainable rate of 7.2 % in 2013. It is projected to rise to 12.1% in 2014 mainly on account of the expected commencement of new iron ore projects and improvements in [...]

Sierra Leone Real Estate Market Snapshot 2013

Office Market Freetown is the economic and financial centre of Sierra Leone and the location of most international businesses and NGOs. Office accommodation is generally poor by international standards and much of the market operates out of villas or “high street” type buildings. The CBD of Freetown is concentrated on roads such as [...]

Sierra Leone: Financial Sector Governance 2012

Sierra Leone’s financial sector continues to face a number of challenges:  banks are small (assets average about USD 45 million); efficiency is low (non-interest expenses average about 10% of total assets and interest rate spreads are around 11 percentage points); there is high banking concentration where the three largest banks (out of the [...]

Sierra Leone: Private Sector Governance 2012

Limited access to financial services is the main constraint to private-sector development in Sierra Leone. As a consequence of the expansionary monetary policy, which limited opportunities for private-sector credit in 2011, credit to the private sector amounts to less than 10% of GDP. In addition, the poor quality and inadequacy of infrastructure, [...]

Sierra Leone: Economic Cooperation, Regional Integration, & Trade 2012

In 2011, Sierra Leone’s trade deficit widened to 40.9% of GDP, a significantly higher percentage than the 7.4% recorded in 2010 (Table 4). This was due to a surge in imports of machinery and transport equipment, which were largely destined for new large-scale mining activities and road-construction projects. Consequently, the current account is [...]

Sierra Leone 2012: Government Leaders and Key Ministries

The following list includes the key government leaders – the head of state, his/her cabinet and key ministries – of Sierra Leone as of April 10, 2012.   Pres. Ernest Bai KOROMA Vice Pres. Samuel SAM-SUMANA Min. of Agriculture & Food Security Sam SESAY Min. of Defense & National Security Alfred Palo [...]

Sierra Leone: Mineral Industry Overview

Diamond remained the most significant  mineral commodity to Sierra Leone’s economy. The country was the world’s 10th ranked producer of diamond, by volume, in 2010 and the world’s third ranked producer of rutile. Other mineral commodities produced included bauxite, cement, gold, and ilmenite (Gambogi, 2011; Kimberley Process Rough [...]

Sierra Leone: Economy Overview 2011

Having recorded 4.5% in 2010, growth is projected to rise to 5.1 in 2011 and to gradually recover to 6.0% in 2012. The medium-term outlook for the Sierra Leonean economy is positive, but even more could be done on the structural reform side to help bring the country on a path of high growth with the job creation needed for significant improvements [...]

Sierra Leone: Multilateral and Regional Agreements Affecting Multinational Corporations

Sierra Leone: Multilateral and Regional Agreements Affecting Multinational Corporations

Multinational corporations (MNCs), both foreign and native, in Sierra Leone may be affected by the following multilateral or regional agreements to which Sierra Leone is a party. Convention on the Settlement of Investment Disputes between States and Nationals of other States of 1965. Entered into force on 14 October 1966. Convention [...]

Sierra Leone: Key Agricultural Commodity Imports

The following is a list of the top agricultural commodity imports into Sierra Leone in 2007. Rank Product Quantity (in Tons) Value (in Thousands)* Unit Value* (Per Ton) 1 Rice Milled 92,255 28,370 308 2 Food Prep Nes 2,434 9,211 3,784 3 Cigarettes 1,108 8,207 7,407 4 Sugar Refined 21,047 8,126 386 5 Palm oil 8,964 7,504 837 6 Rice [...]

Sierra Leone: Top Agricultural Commodity Products in 2008

Agriculture represented 42.5% of Sierra Leone's national GDP in 2008, according to the African Economic Outlook 2010. The following list represents the top twenty agricultural commodity products, in terms of production, in Sierra Leone in 2008, including figures for both value and tonnage. Rank Product Value (in Thousands)* Metric [...]

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