BREAKING NEWS

    The Ministry of Trade and Industry of Sierra Leone in partnership with the Ministry of Finance and the Bank of Sierra Leone has Initiated Diverse Rendition

    Posted On 13 Sep 2020
    By :
    Comments: 14

    By Abdul Rahman Bangura–

    Photo Credit: PNGFuel

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– Dr. Hinga Sandy – Sierra Leone’s Minister of Trade and Industry, informed essayists at a press briefing last week that, his ministry has begun on several institutional reforms for productive service delivery. He announced that, the new systems will enunciate to the necessities of the country as the ministry responsibilities itself to rein reliefs across the planet in order to thrive the country’s economy.

    Dr. Sandy furthered, one of the enormous undertakings his ministry is conducting on along with the Ministry of Finance is the enactment of a National Micro Credit Scheme that will contribute budgets for small businesses. He strengthened that, his ministry in alliance with the Ministry of Finance and the Bank of Sierra Leone, has been proficient to maintain fundamental customer stocks to meet the demands of the people of Sierra Leone, by delivering Five Hundred Billion Leones credit facility to importers.

    Minister Sandy noted, as a result of this credit facility and regardless of the country getting on through tough moment thus, the Novel Coronavirus (COVID-19) pandemic, prices of vital consumer commodities stay stable.

    Rice, he said is available in the country for up to the end of 2020, and that, the more is anticipated to be imported for 2021.

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    The trade and Industry Minister stressed that, there are sufficient petroleum products in the country, and that the government has opened up the market by bringing up a new player in the petroleum sector who will also be bringing in petroleum products. He noted that, Sierra Leone has enlisted two big market opportunities – the ECOWAS Trade Liberalization Scheme that enables companies within West Africa to trade with businesses in the sub-region, and the Continental Free Trade Agreement that has already been approved. And that his ministry has registered thirty-one companies that are manufacturing goods in Sierra Leone for exporting to other countries.

    Considerable industry advertisement policies are presently under review, Sandy stated whilst noting that the ongoing reforms will entice investments the more into Sierra Leone.

     

    Invest in Modern Africa
    Africa Fastest Growing Continent. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

    New Africa Business News Person of the year 2020
    Start Voting for New Africa Business News Person of the year 2020. Nomination Starts July 04 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 50 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. New Africa Business News Person of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com 

     

    AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)
    Accelerating Intra-African Trade and Boosting Africa’s Trading Position in the Global Market by Strengthening Africa’s Common Voice and Policy Space in Global Trade Negotiations. For More Information Contact: African Union Headquarters, P.O. Box 3243, Roosvelt Street W21K19, Addis Ababa  Ethiopia, Tel: +251 11 551 77 00  Fax: +251 11 551 78 44.

     

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 50 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. Africa President of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com 

     

    HELP FIGHT CLIMATE CHANGE
     United Nations Environment Programme (UNEP) Leading Global Environmental Authority that Sets the Global Environmental Agenda, Promotes Coherent Implementation of the Environmental Dimension of Sustainable Development within the United Nations System, and Serves as an Authoritative Advocate for the Global Environment.  Visit:  www.unenvironment.org  

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    1. Audrey September 13, 2020 at 2:30 am Reply

      Thank you for the newsletter. British Columbia. Audrey

    2. Anna September 13, 2020 at 2:36 am Reply

      Thank you for the news and thank you for da newsletter. Anna in Abuja Nigeria

    3. Francisco September 13, 2020 at 2:43 am Reply

      Am very interesting on your business and economic coverage of Africa. Thank you. Rio de Janeiro Brazil. Francisco

    4. Preston September 13, 2020 at 2:51 am Reply

      Follower of new Africa news on Facebook. Thank you for the news. Preston in London, UK

    5. Bernadette September 13, 2020 at 3:07 am Reply

      I used to lived in Freetown about 6 years ago, however development was very slow. But the current government and businesses, base on the information coming from their, many developments are happening, just like other countries in the continent. Paris France. Bernadette

    6. Mercy September 13, 2020 at 3:20 am Reply

      Thank God, Bernadette you went back to where you belong. Africa would develop the African way. We Africans will appreciate if you Europeans AKA colonial so-called masters leave our continent alone. You have thousand years to do good in our continent but you never. Continue creating problems for our people and continent. Bye bye Europe. Dodoma Tanzania. Mercy

    7. Gianna September 13, 2020 at 3:30 am Reply

      Thank you always for the newsletter. Love it. Kigali Rwanda. Gianna

    Leave a Reply

    *

    Facebook

    Latest Posts

    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

    Nigeria Launches National Domestic Payments Card Program

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.