Category: Business & Finance

London, 11th December 2025- Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its position as one of the continent’s most resilient and innovative financial institutions after being named African Bank of the Year 2025 by The Banker, a leading global finance publication owned by the Financial Times of London.

Freetown, 11th December 2025- The Government of Sierra Leone expended a total of NLe6,184,592 thousand during the third quarter of 2025, according to official expenditure data ending 30th September. The figure reflects consolidated spending across recurrent, capital, and development categories, including domestic and external debt servicing.

Freetown, 10th December 2025- State-owned enterprises (SOEs) in Sierra Leone continue to operate under severe financial strain, with more than 60 percent facing high deficits, low profitability, and tight liquidity that raise insolvency risks, according to the Sierra Leone Governance and Corruption Diagnostic 2025 by the International Monetary Fund (IMF).

Freetown, 10th December 2025- Sierra Leone’s domestic revenue performance for the third quarter of 2025 shows a strong reliance on income tax collections, which accounted for more than half of all government revenue during the period, according to Quarterly Fiscal Report of the Central Government presented by the Accountant General’s Department in the Ministry of Finance.

Freetown, 9th December 2025- Corruption continues to exact a heavy toll on Sierra Leone’s economy, undermining post-conflict recovery and long-term development, according to the Sierra Leone Governance and Corruption Diagnostic 2025 released by the International Monetary Fund (IMF).