You are here

Economy-Sierra Leone

Primary tabs

This group focuses on economic issues and recoveryin Sierra Leone.

Members

davidmc Kathy Gilbeaux mdmcdonald MDMcDonald_me_com

Email address for group

economysalone@m.resiliencesystem.org

CAN SIERRA LEONE’S ECONOMY GROW IN SPITE OF THESE INTERTWINING FACTORS?

The International Monetary Fund (IMF) recently released a report on the economic realities of Sierra Leone, saying that the country’s citizens will experience a 4.3 percent growth in their economy. However, it is easy to express some doubt over this analysis, after all, the country is just recovering from the effects and economic shocks caused by the Ebola virus disease outbreak in 2013. The IMF team that determined the economic growth of the country in 2016 was led by John Wakeman-Linn during their visit to Freetown from March 15 to 29, 2016.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Inflation Increases to 8.86 Percent in January 2016

The annual inflation rate increased in January 2016 to 8.86 percent from 8.85 percent in December 2015, the statistics agency has stated in a release. The depreciation of the Leone has been the major reason for the increase in prices of all the commodities in the consumer pricing index across the country.
The annual rate of inflation increased from 10.40 percent in December to 10.67 percent in January in the Northern Region. In the Western Region, it decreased from 8.72 percent in December to 8.49 percent in January. In the East inflation climbed from 9.47 percent to 9.79 percent and in the South from 8.14 percent to 8.42 percent.
Monday March 07, 2016

http://awoko.org/2016/03/07/sierra-leone-news-inflation-increases-to-8-86-percent-in-january-2016-2/

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Chamber of Commerce Starts Trade Fair March 30

The Sierra Leone Chamber of Commerce, Industry and Agriculture is holding its annual trade fair at the Siaka Stevens Stadium from March 30 to April 25, Allan Metzger, Business Development Officer of the Chamber said in an interview last Saturday.

The trade fair will attract businesses from Nigeria, Ghana, Benin, Senegal, Liberia and Guinea. Local businesses and companies like the Banks, Insurance companies and those in clothing and textiles will participate in the trade fair. Milla Group, Shankerdas will all have booths in the stadium, Mr. Metzger said.

In November-December the Chamber held a post Ebola International and national trade fair that attracted mostly local businesses. “Ebola is over so we are getting back to our normal timetable of hosting the trade fair in March  April,” Mr. Metzger said.

Meeting / Event Tags: 
Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Salone Establishes Small and Medium Enterprise Development Association

President Koroma launched the Small and Medium Enterprise (SME) Development Association last Thursday at the Miatta Conference Hall in Freetown to promote SMEs development in the country.

In his address, President Koroma said the aim is to provide credit facilities to micro, small and medium enterprises at single digit interest rate and with no demand for collateral. High interest rates and demand for collateral have kept many small businesses run especially by women from accessing finance to grow their business, he said.

The UK Department For International Development (DFID) has provided a £5m budget to support 29,400 petty traders affected by Ebola through a micro credit scheme. The Ministry of Trade and Industry is compiling the list.
Micro credit has been a useful method to empower women economically after the 11-year war that ended in 2002. There are several examples that show how women have grown businesses from a few thousands to millions of Leones. It comes as no surprise for some that government and NGOs are using it as part of the post ebola strategy to develop SMEs.
Monday March 21, 2016

Meeting / Event Tags: 
Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Pages

howdy folks
Page loaded in 0.661 seconds.