SimbaPay is revolutionizing the remittance space through its official announcement of raising the single transaction limit to a whopping $45,000. This is substantially higher than the previous transaction limit of $3,000.
According to Victor Karanja, Head of Operations at SimbaPay, sending money home and buying property across Africa has just become a whole lot easier.
The Minister of Agriculture, Forestry and Food Security, Professor Patrick Monty Jones over the weekend disclosed that Sewa Farmer, a private farming company, will invest about $30 to $40 Million in the next five to six years in agriculture. Speaking at a press conference, the Minister stated that the project titled, Sewa Farm, will start between June and July this year in Turma Bum in Bonthe district and the project will start with 25,000 hecters of rice to be done in a mechanised way.
After the successful conclusion of the 2015/16 Cocoa Buying Season, Sierra Leone Produce Marketing Company (SLPMC) was visited by the Chief Executive Officer of MINKA SCS AG a Switzerland based Soft Commodity buying Company to thank the Management of the Sierra Leone Produce Marketing Company (SLPMC) for meeting its target by supplying over 53m/tons of high quality grade 1 cocoa. Paul Schonel Berger said that he was very much impressed with the performance of the Company more so with the quality of cocoa supplied than the quantity, bearing in mind the time the contract was signed between MINKA and SLPMC.
In a bid to promote post Ebola economic recovery, Jolak’s Manufacturing Company a joint venture business between some Sierra Leoneans and foreign investors has invested US$1.2m in the processing of vegetable oil ‘MAMA PADI’ and production of laundry soap at Wellington Industrial Estate in Freetown. (Photo: General Manager of Jolak’s Manufacturing Company, Mukish Patel making a statement at the public disclosure)