Category: Business & Finance

Freetown, 2nd October 2025- Sierra Leone’s industrial sector failed to pay an estimated USD 248 million in taxes in 2024, a figure that has sparked urgent calls for reform in the country’s tax exemption regime. The revelation comes from the Budget Advocacy Network (BAN), whose recent report exposes systemic gaps in compliance and oversight.

Washington, D.C. — President Julius Maada Bio on Tuesday met with US Deputy Secretary of State...

Freetown, 29th September 2025- The World Bank has approved a landmark $40 million grant under the International Development Association (IDA) to launch the Sierra Leone Water Security and WASH Access Improvement Project. This initial funding marks the first phase of a $180 million, decade-long program aimed at transforming water access, sanitation, and climate resilience across the country.

Freetown, 30th September 2025- A mission from the International Monetary Fund (IMF) has begun the first and second reviews of Sierra Leone’s $248.5 million Extended Credit Facility (ECF) programme, approved in October 2024. The programme’s initial disbursement of $46.6 million was released immediately following approval, with further disbursements contingent on performance reviews and structural benchmarks.

New York, USA- “Today, I proudly received the Compact Endorsement Letter for our Mission 300 Energy Compact, Sierra Leone’s most ambitious energy project,” declared President Julius Maada Bio, moments after accepting the landmark endorsement at the Bloomberg Global Forum 2025. His words weren’t just ceremonial; they marked a turning point in Sierra Leone’s infrastructure history.