Category: Business & Finance

Freetown, 16th December 2025- Sonoco Ltd. has secured a US$23 million loan from Proparco, the private‑sector financing arm of the French Development Agency (AFD), to construct Sierra Leone’s first industrial‑scale wheat flour mill and silo storage complex in Freetown.

Freetown, 15th December 2025- The International Monetary Fund (IMF) has raised concerns over Sierra Leone’s governance framework, warning that weak rule of law and entrenched corruption continue to undermine investor confidence and economic growth.

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).