Category: Business & Finance

By [email protected] Freetown, 22nd December 2025- The Managing Director and Chief Executive...

Freetown, 22nd December 2024 – The 2024 Auditor General’s Report has raised serious concerns over financial management at the Ministry of Lands, Housing and Country Planning, revealing that more than NLe 4 million in collected revenue was not deposited into official government accounts.

Freetown, 19th December 2025 —Shareholders of Union Trust Bank (UTB) have formally petitioned the Bank of Sierra Leone (BSL) to immediately “stay, recall and suspend” the regulator’s 8 December public notice that placed UTB under a caretaker management and approved Rokel Commercial Bank (RCB) as the acquiring institution.

Freetown, 19th December 2024 –The 2024 Auditor General’s Annual Report has revealed that Sierra Leone lost over NLe 44.8 million to financial irregularities across ministries and departments, with additional losses recorded in foreign currency transactions. The findings, detailed in Table 2 -Pg 71 of the report, highlight systemic lapses in documentation, payroll oversight, and revenue management.

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.