Sierra Leone has signed a $10 million financing agreement to increase its subscribed share capital in Shelter Afrique Development Bank, marking a significant step in strengthening the country’s role in regional housing and infrastructure financing.
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Freetown, 23rd June, 2026 — Sierra Leone’s agricultural sector is set for a major boost following the World Bank Group’s approval of a $40 million International Development Association (IDA) grant to finance the Sustainable Agricultural Value-chains Intensification for Growth (SAVIG) project.
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Freetown, 18th June, 2026 – The Bank of Sierra Leone (BSL) has completed the resolution of Union Trust Bank Limited (UTB), transferring its viable business to Rokel Commercial Bank (RCB) after years of capital shortfalls and mounting losses left the institution insolvent.
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The decision, announced Thursday, also included the completion of the IMF’s third review of Sierra Leone’s Extended Credit Facility (ECF). This unlocks an immediate disbursement of $31.7 million, providing the government with fresh fiscal space to address pressing economic and environmental challenges.
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Freetown, 18th June, 2026- Sierra Leone’s Vice President, Dr. Mohamed Juldeh Jalloh, is set to deliver the keynote address at the 4th Annual Sierra Leone Diaspora Investment Conference, opening tomorrow, June 19, in London.
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