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Wednesday, August 12, 2020

Business & Finance

AFDB President exonerated on allegations of ethical misconduct

Akinwumi Adesina, the 8th President of the African Development Bank (AfDB) has been completely exonerated of any ethical wrongdoings by the High Level Independent...

Salone debt sustainability threatened by COVID-19

A recent analysis by economists at the World Bank Country office has indicated that the COVID-19 pandemic will drive up public debt and threaten...

Central Bank’s foreign exchange reserves increased by US$13.5m in 2019

At the end of 2019 the external financing added US$13.5 million to central bank foreign exchange reserves, which then reached US$ 506 million, equivalent...

Importers, manufacturers access only Le287 bn from BSL $50m loan facility

As at 15th July 2020 only 57.4% or Le287 billion (about US$28.7 million), of the Le500 billion (US$50 million), Special Credit Facility provided by...

Inflation rate increases by 0.29% in June – Statistics SL

According to Statistics Sierra Leone (SSL), on Thursday 30th July 2020, the monthly consumer price inflation for June 2020 rose by 0.29%, a slight...

World Bank’s $40m will support SME investments, economic diversification

Currently, small, medium enterprises (SMEs) are facing challenges to growth which includes low access to information, poor infrastructure, limited access to finance, and weak...

Transport Ministry fail to account for 9 vehicles procured for SSL

Contract for the supply of 40 vehicles to Statistics Sierra Leone (SSL) was entered into between the Ministry of Transport and Aviation (MTA) and...

From 2014-2017…Le515billion spent to manage govt. vehicles

The Government of Sierra Leone (GoSL) has spent huge sums of money on the management of its vehicles, and between 2014 and 2017, it...

4 buyers deny procuring vehicles from Transport Ministry

Auditor General, Lara Taylor-Pearce has unmasked four fictitious buyers whose names appeared on the disposal documents of government vehicles by the Ministry of Transport...

AfDP forecast Africa’s 2020 GDP losses to be between $145.5 billion and $189.7 billion

The 2020 reports of the African Economic Outlook published by the African Development Bank is projecting a weak Real GDP growth of 1.7 percent...
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