Category: Business & Finance

China Pledges US$1.1 Million to Boost African Trade Access

Freetown, 7th April 2026- China has pledged US$1.1 million to strengthen trade access for Africa’s least‑developed economies, including Sierra Leone, through World Trade Organization (WTO) technical assistance programs. The announcement was made at the WTO’s 14th Ministerial Conference (MC14) in Yaoundé, Cameroon, where WTO Director‑General Ngozi Okonjo‑Iweala and China’s Minister of Commerce Wang Wentao signed memoranda of understanding formalizing the support.

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Bank of Sierra Leone Holds Policy Rate at 16.75% Amid Rising Inflation and Global Uncertainty

Freetown, 7th April 2026 — The Bank of Sierra Leone has kept its benchmark Monetary Policy Rate (MPR) unchanged at 16.75 percent, following a meeting of the Monetary Policy Committee (MPC) chaired by Governor Dr. Ibrahim L. Stevens on March 26, 2026. The decision, approved by the Bank’s Board of Directors on March 27, comes as inflationary pressures mount at home and global economic conditions grow increasingly fragile.

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