Economy-Sierra Leone

The Sierra Leone Investment and Export Promotion Agency (SLIEPA) in collaboration with Herbert Smith Freehills a reputable legal firm based in the United Kingdom and Freetown Insight magazine hosted this year’s Invest Sierra Leone 2016 on the 5th of May 2016 in London. This forum is the only annual investment forum dedicated to encourage investment into Sierra Leone.

SLIEPA the country’s official Agency charged with the responsibility of attracting Investment into the country was ably represented by the chairman Board of Directors SLIEPA Mr Oluniyi Robbin- Coker and Mr Farrel Elliott the Director ofInvestment Promotion who delivered the country’s sector presentation highlighting the various investment opportunities across the different sectors of the economy ranging from Agriculture, Tourism, ITC and infrastructure, Energy, Fisheries and Mining. The conference was attended by existing investors operating in Sierra Leone, Prospective Investors and was chaired by The Rt Hon David Lammy MP.

Jolak’s Manufacturing Company a joint venture has invested US$1.2m in the processing of vegetable oil ‘MAMA PADI’ and production of laundry soap at Wellington Industrial Estate in Freetown. The General Manager of the company Mukish Patel disclosed this during a public disclosure session of the company’s Environmental Social Health Impact Assessment at Mas Complex Calaba Town.

The company is constructing and installing equipment in its facility in Wellington, the General Manager said.  Expatriates and construction engineers doing the work are engaged in knowledge transfer to local staff in accordance with the local content policy Mr. Mukish Patel emphasized.

Palm oil and soap will be the main products of Jolak and the company will ensure they are of high quality, he said. Jobs will also be provided; he assured the youths in the community.

publish - 

Thursday May 05, 2016

By: SEM Contributor on May 4, 2016.

The Director Gento Group, Mohamed Gento Kamara has appeal to road users for them to exercise patience with them as they want to do long lasting job.  (Photo: Jomo Kenyatta Road)

Gento Group Director was explaining why they failed to meet their deadline of completing the Jomo Kenyatta/King Harman Road junction by end of April.

Giving reasons for not meeting their deadline, Gento Group Director, Mohamed Gento Kamara told this Medium that just after they made the declaration to complete the tarring of that road by April ending, the government asked them to construct a foot bridge along New England Ville junction which he said stalled their timetable for two weeks as they need to draw the plan for that foot bridge and also start the construction.