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18 October 2023

By Yusufu Sesay
The National Civil Registration Authority (NCRA) in the ongoing bilateral budget discussions at Ministry of Finance Technical Committee one last Friday 13th October,2023 has estimated revenue generation of the Authority for the Financial Year 2024 amounting to Le306,555,170 ( Three Hundred and Six Million, Five Hundred and Fifty Five Thousand One Hundred and Seventy Leones ).
The aforesaid revenue projection is expected from the Authority’s revenue streams including Birth & Death Certificates, Adoption of Marriage and Divorce Certificates, Identity Services and verification System.
The disclosure was made by NCRA Director General, Mohamed M. Massaquoi in the budget hearings held at the ministry conference room at Treasury Building on George Street in Freetown.
Speaking at the ongoing budget hearings, the Director General of NCRA underscored the importance of his Authority in revenue generation as they generate huge revenue from various sources for services provided to the public.
According to him, NCRA revenue generation gives a big boost not only in financing its budget proposals but support national budget expenditures.
The DG further upbeat that NCRA saved government on annual bases a huge sum of money by tracking and reporting ghost workers, the deceased and enhancing payroll integrity by verifying the details of new employees.
NCRA Boss added that the authority has helped government savings of over Le28B through the payroll verification exercise which unearthed 1,450 ghost workers found on payroll in 2019.
Mr. Massaquoi made appealing case to the committee on the need to increase its FY2024 budget ceiling of Le5B TO Le56B so that they could be execute their mandate effectively and generate more revenue for government in FY2024 budget.
The DG said the services of NCRA have gone nationwide covering all 16 administrative districts necessitating increase in resources to enable them facilitate registering of vital events as they occur throughout the country.

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18 October 2023

By Yusufu Sesay
The Ministry of Finance Technical Committee 2 in the ongoing Bilateral Budget Discussions on Thursday 12th October, 2023 unanimously approved the proposed budget of the Sierra Leone Roads Authority (SLRA) for the Financial Year 2024, amounting to NLe139, 009,683 (One Hundred and Thirty-nine Million, Nine Thousand, Six Hundred and Eighty-three Leones).
The approval hearing was held at the conference room of the Ministry of Finance at Treasury Building on George Street in Freetown.
Speaking at the ongoing budget hearings, the Director General of SLRA, Ing. Amara Kanneh, disclosed that the mission of the public institution is to provide a safe, reliable and sustainable national road system for the enhancement of the socio-economic development of the country.
The Director General said the proposed FY2024 budget comprised operation/administrative costs in a bid to improve organizational efficiency for the development and maintenance of all roads and related structures on the national road network.
Ing. Amara Kanneh said government is desirous of developing a sustainable and cost-effective road maintenance strategy with the aim that strategic roads are passable throughout the year.
According to him, government will construct roads that lead to touristic areas in a bid to boost the tourism industry, as well as roads leading to productive agricultural areas.
The Director General said the policy pronouncement on infrastructure was considered during the FY2024 budget preparation for roads development and maintenance management.
He highlighted SLRA’s key deliverables for the construction and maintenance of selected roads, including Tikonko – Mattru, Kambia - Tompari – Kamakwie, Kailahun – Koindu, and township roads in Kenema, Makeni, Port Loko, Bo, Freetown amongst other roads.
Ing. Kanneh further gave assurance to the Technical Committee that the Lumley - Tokeh Road and Hill Bypass Road will be completed this year, noting that if the money requested by the Authority is granted, most of the road maintenance and monitoring would be done.

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18 October 2023

The Minister of Trade and Industry, Alpha Ibrahim Sesay, recently engaged the leadership of MUSIAD in Türkiye with the view of exploring more business opportunities for Sierra Leone.
Musaid is one of the Turkish leading business associations of the world that organize Regional Trade Meetings for creating business partnerships and developing business; bringing businessmen together in six specified incentive regions of Türkiye.
As a businessmen association that acts independently and separately both at national and international levels, the mission of the MUSIAD is to increase the number of the members that adopt pre-determined principles and values, develop solidarity among the members and contribute to material and moral development of member states.
The Sierra Leone’s Minister of Trade shared the ‘Big Five’ Priority programmes of His Excellency President Dr. Julius Maada Bio, saying that Agriculture, ICT, and Infrastructure were areas where he thought Turkish companies would excel in Sierra Leone.
Credit: Sierra Leone Embassy, Ankara, Türkiye

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12 October 2023

Remarks from senior US Presidential Advisor at event for US and African officials during the United Nations General Assembly
The Senior US Presidential Advisor for Energy and Investment has highlighted Africell’s contribution to the campaign to boost Africa’s digital development through the Partnership for Global Infrastructure and Investment (PGII), describing its digital services in Angola, DRC and other African countries as the project’s “connective tissue”.

Speaking on the sidelines of the 78th annual United Nations General Assembly in New York, Amos Hochstein explained that with the help of targeted financing from the US government, private sector investors such as Africell can have an accelerated impact in sub-Saharan Africa.

Referring to Africell’s newest operating market, Mr Hochstein said: “Africell connects the dots because with a relatively modest investment from the US government, it has been able to launch and grow quickly by giving Angolan consumers valuable new mobile capabilities.”

Under the aegis of the PGII, the United States and other G7 governments (in addition to the EU and a raft of international finance institutions and sovereign wealth funds) are aiming to unlock hundreds of billions of dollars of investment in developing markets such as the ‘Lobito Corridor’ region of Africa, with a focus on improving digital connectivity, increasing gender equality, and raising environmental standards.

According to Mr Hochstein, the concept of the Lobito Corridor (which connects Angola, Democratic Republic of Congo and Zambia) is built around a vision for an integrated transportation system through which critical minerals from DRC and Zambia can be moved to global markets by train and ship: a cheaper, cleaner and quicker option than the current road-based process. Mr Hochstein argued that the project is about using digital and physical infrastructure to “connect Africa both to itself and to international markets, thereby increasing commerce, reducing prices, and supporting both local and US interests”.

The status of the Lobito Corridor as a model for collaborative international investment in specific regions is gaining traction. At the G20 Summit in India earlier in September, President Joe Biden described it as a “game-changing regional investment”.

Addressing the UN General Assembly on September 19, he argued that the Lobito Corridor will “boost regional connectivity and strengthen commerce and food security in Africa.”

The economic corridor model consists in strategically layering transformative investments across multiple sectors so as to intensify economic development, secure supply chains, and deepen regional connectivity.

As the only US-owned mobile network operator in Africa and a recipient of funding from the United States International Development Finance Corporation (DFC), Africell exemplifies opportunities for private companies to plug into multilateral investment initiatives such as the PGII/Lobito Corridor.

Africell recently partnered with USAID on a $5 million project to increase access to mobile money in Angola, a country which – despite having a mature banking sector and relatively big economy, ranks among the lowest in Africa on the GSMA’s mobile money prevalence index Further afield, in Sierra Leone, Africell has won a £1 million grant from the United States Trade and Development Agency (USTDA) to explore expanding broadband internet provision in the west African country – a collaboration intended to advance both the PGII agenda and the US Government’s Digital Transformation with Africa initiative.

Amos Hochstein, who is a senior advisor to President Biden and a key architect of the PGII, was speaking at an event hosted by Africell in New York for officials, investors, scholars and journalists interested in the intersection of the PGII and Lobito Corridor. As the program gathers momentum, the event was an opportunity establish alignment between stakeholders from the United States, Angola, DRC, Zambia and elsewhere.

Speaking on behalf of the Government of Zambia, the country’s national security advisor Dr. Lawrence Mwananyanda said that better digital connectivity is a key objective of Zambia’s involvement in the Lobito Corridor. “Zambia is land-linked, not land-locked”, he said. “Investment in digital, transportation and other essential infrastructure will have huge benefits, both for ourselves and for our trade partners around the world. We are excited to be working with the United States to identify and attract quality private sector operators who can work with local firms to create local jobs, improve skills and deliver opportunities, and we see the PGII/Lobito Corridor is an effective vehicle for this”.

Present at the event were representatives of other companies operating in the Lobito Corridor region, including Ivanhoe Mines, which oversees critical minerals projects in DRC, and Carrinho, a home-grown Angolan food company pioneering new regional standards in food origination, processing, storage, distribution and marketing.

About Africell
Africell provides mobile network coverage to 20 million subscribers. We operate in Angola, Democratic Republic of Congo, Sierra Leone and The Gambia.
The only US-owned mobile network operator in Africa, Africell’s social impact, entrepreneurial spirit and secure technology make us the ideal mobile partner for Africa’s future. To learn more, visit www.africell.com or connect with us on LinkedIn.

About Amos Hochstein
Amos J Hochstein serves as the White House Senior Advisor to the President for Energy and Investment and Deputy Assistant to the President. Amos previously served at the State Department as the Special Presidential Coordinator for Global Infrastructure and Energy Security. Amos has also held the position of Senior Advisor to the Secretary of State for Global Energy Security. He began his tenure with the State Department in 2011, when he was appointed Deputy Assistant Secretary of State for Energy Diplomacy. From 2014 to 2017 he served as Special Envoy and Coordinator for International Energy Affairs and led the Bureau of Energy Resources.

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18 October 2023

Employees of Standard Chartered Bank gathered outside the bank’s headquarters yesterday Thursday 14th October, 2023 in Freetown, to stage a protest demanding their long-awaited terminal benefits.

The protest comes in the wake of a recent court ruling that ordered the bank to pay a substantial sum of US5.5 million (NLE 124,018,730.55) to its former employees.

It could be recalled that on 6th October, 2023, the High Court of Sierra Leone, with Justice Hannah Bonnie presiding, issued an order mandating Standard Chartered Bank to disburse the substantial sum within a seven-day timeframe.

The court’s decision was met with a mixture of relief and jubilation by the bank’s former employees, who had been waiting for their terminal benefits for a considerable period.

However, the Standard Chartered Bank is not taking the court’s ruling lightly. In response, the bank has sought leave to appeal the order, with their case being heard by Justice Jamesina King.

The matter has been adjourned to Wednesday 18th October, 2023, for further proceedings, leaving both the bank and its former employees in a state of uncertainty.

The legal battle has captured the attention of many, not only within the financial sector but also in Sierra Leone as a whole. The outcome of the appeal will have significant implications for the bank’s former employees, as well as set a precedent for similar cases in the country.

As the legal saga continues, employees remain determined in their quest for the much-needed terminal benefits, while Standard Chartered Bank’s legal team strategizes its appeal, ensuring that this case remains in Sierra Leone’s financial and legal circles.