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Sunday, September 22, 2019

Business & Finance

Central Bank warns miscreant foreign exchange bureaus

Pursuant to Section 48(3) of the Bank of Sierra Leone (BSL) Act 2019, which empowers the Central Bank to temporarily restrict the purchase, sale,...

World Bank says there is significant unmet demand for financial service products

The World Bank recently published Economic Update has affirmed the dire need for financial service products as it says there is a significant amount...

IMF says access to affordable Agric finance impedes value chain dev.

The entire value chain for agricultural productsis weak and vulnerable as a result of low levelsof agro-processing and limited downstreamintegration due to limited access...

TSA Agencies remitted Le337.8 bn into consolidated revenue fund

As at April 2018, there were six Treasury Single Account (TSA) Agencies but after the passage of the Finance Act 2019, the coverage of...

Govt. mobilised US$252m external resources in one year

The Ministry of Finance has disclosed that it mobilised external resources totalling US$252 million (US$252,264,680) through grants and loans between April 2018 and April...

NRA gets US$1.4m grant to improve tax compliance

The African Development Bank (ADB) has last week provided the National Revenue Authority (NRA) with a grant of US$1.4 million as critical support to...

Absence of Regulatory Framework on remittances persists

The absence of a formal regulatory framework on remittances, anti-competitive practices, such as exclusive arrangements between the principle money transfer provider and agent pay...

IFC Boss says SMEs growth needs appropriate financing

The International Finance Corporation (IFC) Country Representative Frank Ajilore has said that small and medium enterprises (SMEs) development and growth needs appropriate financing. “We need...

Taxation affects the poor from participating in financial inclusion -David Mansaray

David Mansaray speaking on behalf of CEO of Orange SL Limited at the launch of the Sierra Leone Economic Update, he said that through...

Economic Update suggests need for review of NASSIT asset portfolio

The Sierra Leone Economic Update (SLEU) 2019 report by the World Bank has suggested that there is a need to undertake a detailed review...
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