Standfirst – With the recent Global Entrepreneurship Index showing Sierra Leone to be right near the bottom of the table when it comes to commerce, we need to start paying serious attention to the problem
READING through the recent Global Entrepreneurship Index (GEI) for 2016 one cannot but observe the fact that Sierra Leone comes a disturbing and worrying 128th out of the 132 countries surveyed.
The Institute of Petroleum and Management (IPEM) has on Monday called for industrial revitalisation in Sierra Leone; especially the establishment of the manufacturing sector within the production cycle.
Israeli billionaire Beny Steinmetz who owns the parent company Beny Steinmetz Group (BSGR) which owns Octea mining which was formerly called Koidu Holdings has won the first leg of a legal tussle which is at the heart of the diamond miners troubles. The issue is reported to date back in 1997 when Australian mining giant Rio Tinto acquired the rights to exploit Guinea’s Simandou (blocks 1 & 2) iron ore deposits which has been described as “one of the world’s biggest unexploited deposits of iron ore.” This was under the reign of President Lansana Conte, who before he died decided (2008) to cancel the rights of Rio Tinto amidst claims that “Rio had not moved fast enough to get the deposit into production.”
The outbreak of the deadly Ebola disease in May 2014 and the declaration of a State of Public Health Emergency in August by President Ernest Bai Koroma, led to a decline of Sierra Leone Brewery Limited (SLBL) operational activities, amounting to a loss of Le11bn (eleven billion Leones) for 2014.
The West African Institute for Financial and Economic Management has commenced five days training course on report writing skills and presentation techniques for staff of the National Revenue Authority (NRA). The training started on Monday 23rd November and is expected to end on Friday 27th November 2015 at the NRA training Centre at Bangura Building in Freetown.
As the rate of tax defaulters reached an alarming level, the National Revenue Authority (NRA) has announced plans to take tough corrective action against companies /business that are yet to honour their tax obligations.
The Director of Finance Mr. Abdul Conteh, Acting Commissioner –General in the absence of Madam Haja Kallah-Kamara who is attending the Commonwealth Association of tax administrator (CATA) conference in Malaysia said that “tax indebtedness is a major challenge to revenue collection.”He said that while NRA was encouraging taxpayers to meet their tax obligations voluntarily, it remains ready to enforce tax law against defaulters including closure of businesses with tax arrears.
Fellow colleagues and other invitees, as we observe World Sports Journalists Day today 2nd July 2015 which also coincides with the celebration of the 91st anniversary of the International Sports Journalists Association (AIPS), let me hasten to remind you that the dreadful Ebola Virus Disease (EVD) which has killed hundreds of our compatriots and affected seriously the socio-economic fabrics of our society since its inception in Sierra Leone over a year now, is still far from complete eradication.
The Executive Director of the Sierra Leone Standards Bureau, James Dumbuya has issued stern warning to all importers and exporters of variety of food and non food products in the country to henceforth desist from certain negative and unpatriotic activities that have the potentiality to undermine and erode the values and confidence of such a viable, sensitive and productive national entity.
The Netherlands Minister of Foreign Trade and Development Cooperation, Madam Lilianne Ploumen has lead a powerful delegation of Dutch Investors and over 30 business conglomerate representing Dutch expertise with know-how in various sectors including agriculture, logistics, health etc to Sierra Leone, Liberia and Guinea.
The Chinese have begun the construction of the Mamamah International Airport situated along the Freetown-Masiaka highway which will in no small way ease the current nightmare that travellers go through in crossing the sea between Targrin and the Kissy Ferry Terminal.