Category: Business & Finance

Freetown, September 8th 2025- A staggering 45% of young Sierra Leoneans earn less than NLe700 per month, according to new findings from the UNICEF U-Report 2024. The data, drawn from a nationwide youth survey, paints a sobering picture of economic stagnation and deepening poverty among the country’s most vital demographic.

Freetown, 1st September 2025-  The government’s actual expenditure for the second quarter of 2025 reveals a continued emphasis on public sector wages and capital investment, with notable allocations toward social security and infrastructure. The data, presented in a pie chart titled “Actual Expenditure Quarter 2 2025”, offers insight into fiscal priorities and the balancing act between recurrent costs and long-term development.

Freetown, 1st September 2025-   In a year marked by inflationary pressures and rising food insecurity, the World Food Programme (WFP) has delivered a targeted economic boost to Sierra Leone’s agricultural sector, injecting over USD 840,000 into rural communities through its expanded Home-Grown School Feeding Programme.

Freetown, 1st September 2025- In Sierra Leone’s fast-growing informal economy, young people are building businesses and managing money, but largely without banks. According to the 2025 Status of Youth Report, 52% of youth rely on mobile money for their financial transactions, while only 8% have a formal bank account. Another 21% use informal savings systems like ‘Osusu’, revealing a financial ecosystem driven by necessity, not inclusion.

Freetown, 25th August 2025 – Sierra Leone’s external financial position weakened in early 2025, as new data from the Central Bank reveals a 5.3% drop in remittances, a 2.45% decline in foreign reserves and a dramatic collapse in foreign exchange inflows, all pointing to mounting pressure on the country’s ability to meet international obligations.