Category: Business & Finance

Single-Digit Inflation Persists: But Regional Inequities Demand Attention

Freetown, 8th September 2025- Sierra Leone’s latest inflation data for July 2025 paints a subtle picture of regional economic dynamics, revealing both signs of resilience and pockets of concern. According to the national index benchmarked to December 2021, inflation eased slightly at the national level, down from 7.10% in June to 6.45% in July, yet regional disparities remain stark.

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45% of Young People Earn Below Minimum Wage

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.

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Payroll and Projects Take 54% of Q2 Spending

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.

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52% of Youth Rely on Mobile Money, not Banks for Financial Transactions

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.

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