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Pres. Bio Receives UAE Investors

His Excellency President Julius Maada Bio has received a high-level official delegation from the United Arab Emirates, UAE, a follow-up to his visit last month to the Arabian Peninsula nation.

The President of UAE, Khalifa bin Zayed Al Nahyan, had urged investors to visit Sierra Leone, the natural resource-rich West African nation that was looking for genuine businesses to take advantage of the opportunities presented by the New Direction government.

Welcoming the delegation, which included public and private investors, Chief Minister Professor David Francis told the potential investors that the country was an emerging destination of choice for Africa and other developed countries. He added that under the leadership of President Bio the government would ensure that all investors and their investments were protected.

“We are proud of the bold steps and your initiative of coming to our beloved country to invest. Sierra Leone has been ranked as the third most peaceful country in the world. This will be backed up with the political will to ensure that you are not only protected but your investments were also secure,” he assured.

Professor Francis noted that he wanted those investors to be part of the drive to transform Sierra Leone, thereby turning the country’s challenges into a unique opportunity.

Head of the delegation, His Excellency Sultan Al Shamsi, who is the Currently, Assistant Minister of Foreign Affairs and International Cooperation for International Development Affairs said he was happy to visit Sierra Leone and to bring along investors to explore possible investment potentials in the private and public sectors. He said that key areas of interest would be agriculture, education, energy, health, women’s empowerment through job creation and the empowerment of small and medium-sized enterprises.

“It is very promising and important coming here to Sierra Leone to partner with the government and find ways the two countries can make investment better. One thing that is important and fundamental here is the commitment by the government to protect investors and their investments,” he said.

While responding, President Julius Maada Bio welcomed and thanked the delegation from the UAE for their time and effort to come to Sierra Leone to discuss business.

“When we last visited the UAE in search of investment opportunities, Khalifa Bin Zayed Al Nahyan, President of the UAE assured me that he would send a delegation to Sierra Leone for this said purpose. I didn’t expect it to happen soonest. On behalf of the people of Sierra Leone, I welcome you here and I pray that your engagements will be fruitful,” he told the delegation.

President Bio also told the meeting that the country was looking for credible investors who would explore the many opportunities of the country through their various interests and assured of their protection.

SMHL-Vimetco Signs Multi-Million Dollar Project

Sierra Mineral Holdings 1 Limited (Vimetco), a bauxite mining company in Moyamba, held several meetings with Ministry of Finance and Ministry of Mines in Freetown during the first week of April 2019 regarding the company’s plan of expansion with the construction of alumina tri hydrate plant. Except production of Aluminium, alumina tri-hydrate is also widely used in refractory industry, ceramics industry, for water purification, serves as flame retardant filler and as polishing compound, etc. The construction of such plant equipped with modern technology will be the first in the development of the mining industry in the country and a unique industrial facility in West Africa.

Sierra Mineral Holdings 1 Limited initiative will be supported by Pan-African bank of development, Afreximbank, whose delegates also participated in meetings with above-mentioned Ministries.

On the 4th April 2019, His Excellency Retired Brigadier Julius Maada Bio, the President of Sierra Leone held a working meeting with the management of Sierra Mineral Holdings 1 Limited and delegates of Afreximbank, where details of the project were presented. The initiative of the aforementioned project was welcomed by The President.

Sierra Leone Commercial Bank MD Dilates on Achievements

Fidelis Turay

Fidelis Turay, the Managing Director of Sierra Leone Commercial Bank, speaking on Friday 29th March, 2019 at the launching of another of the Bank’s rebranding digital products, broke the news about the strides that SLCB is taking towards achieving the Bank of Sierra Leone’s goal of increased financial inclusion in the country.
He registered SLCB’s commitment towards expanding its markets and services to various parts of our nation, as well as ensuring that SLCB maintains its posture as one of the leaders in the financial industry in Sierra Leone.
Acknowledging that much work remains to be done towards increasing financial inclusion in the country, he reported that in that direction, in 2013, SLCB had on its books a total of 137,945 registered active account holders.
In 2014, IT added another 7,207 registered account holders to the mix bringing the total to 145,152 which is roughly 5.22% growth.
In 2015, 7,013 new accounts were registered, bringing the total to 152,165 about 4.8% growth.
In 2016, SLCB saw significant growth due to bold initiatives that management took to embrace Financial Technologies or FINTECH strategies to further boost growth levels. An increase of 13,427 new accounts was realized bringing the total up to 165,592 or about 8.8% almost doubling the growth of the previous year.
In 2017, SLCB had another growth of 7,210 or about 4.4% to a total of 172,802.
In 2018, it recorded its biggest growth since 2013 of 21.088 or about 12.2% to a total registered number of accounts to 193,810.
During the first two months of 2019, SLCB has already seen a growth of about 2.5% or 4,776 registered accounts bringing our total to date to 198,586 accounts.
Fidilis Turay maintained that in the quest for higher heights, SLCB do not rest on their laurels.
“We achieve one standard,” he said, “and immediately set new standards for ourselves and then get to work to make it happen.”
The event saw the unveiling of three new products in the Bank’s digital banking suite that MD Fidilis Turay said they are “confident will propel our growth to even higher levels and position SLCB as one of the great contributors to the financial inclusion agenda.”
He added that with these products aimed to meet both individual customers’ and their corporate customers’ needs; he firmly believe that the convenience and ease of doing banking that these products will afford their customers are going to be second to none in the industry.
The products are as follows:
1. MI YONE ONLINE BANKING- A very easy to use and very convenient banking application that runs on any mobile device including laptops and desktop computers to bring the convenience of our banking services wherever you are.
2. MI YONE MOBILE APP – is an application that can be downloaded by any SLCB customers with a smart phone or tablet on to their mobile device, for both the android or apple platforms. The application provides a host of capabilities that customers can then use the convenience of their fingertips to access many of our banking services. Again, they can do all of these from the comfort of their home/office or anywhere in the world 24 hours a day, 7 days a week.
3. WI YONE ONLINE DIRECT – This is for SLCB’s corporate customers. This application allows them to pay their employees, salary advance and other banking functions relevant to any business organization.
These products, MD Fidilis Turay noted will expand financial services to the non-formal sectors of the economy through automation and electronic forms of intermediation and hence address the low level of financial inclusion and in the process also raise domestic revenue.
Meanwhile, SLCB’s earlier launched MI YONE TELLER (the personal mobile banking agent) and the MI YONE KIOSK (banking in a box) are still available and running very strong to reach even more people.
Profile of the new SLCB MD
Abdulai Fidelis Turay was born on 29th January 1964. He is married with three children. Fidel, as he is popularly known, holds an MBA in Finance from University of Leicester in the United Kingdom and is an alumni of Leicester Business School.
He holds a Bachelor of Science in Economics from Fourah Bay College, and has attended a number of professional development training courses and seminars in the banking industry at institutions in South Africa, Ghana, Nigeria, Morocco, Zambia, Cote D’Ivoire, and in country.
At FBC, he started his banking career with Meridien BIAO SL Ltd in 1990 and rose to the position of Assistant Manager – Credit and Marketing/Credit and Recoveries Department.
He moved on to rise through the ranks at Union Trust Bank to become Credit Administration & Risk Management, a portfolio he held for several years.
He broadened his banking experience at UTB heading banking operations, credit administration, marketing and business development, administration and personnel, internal control, project financing, risk management and corporate banking, besides special duties, leading to being in charge of setting up UTB’s branches in the provinces and greater Freetown.
Until his appointment at SLCB, he served as Assistant Director at UTB.
When UTB celebrated its 20th Anniversary, he was honoured for his exemplary service and referred to as the bank’s institutional memory.
UTB, received his resignation with “sincere mixed feelings” whilst acknowledging how he served the bank “faithfully and diligently” for the longest part of his professional life.
“Change is an integral part of professional life; in your case it is both lateral and upward, for which we all have ample reasons to celebrate,” the employer concluded.
A former colleague at UTB described Fidel is as “cool as cucumber” who cares for stability.

MTHE Embarks on National TVET Policy Development

Professor Aiah Gbakima

During a press conference convened at the Ministry of Tertiary and Higher Education’s conference room at its New England Ville office in Freetown on Tuesday 9th April 2019, the Minister, Professor Aiah Gbakima, said they are embarking on the development of a National Policy for Technical Vocational Education and Training (TVET). Present at the meeting were members of the Technical Committee set up to develop the Policy, the Permanent Secretary of the Ministry, Gilbert Cooper and members of the Press.
In his introduction, Gilbert Cooper stated that his Ministry deals with two categories of education, Higher Education, which is concern with colleges and the universities and the second category being that of Technical and Vocational Training. On the former, he said, that operations are going on with little itches, but the latter is the sticking point, for which this policy is being developed. He informed the media that technical experts are already in the process of formulating a Policy, which will embrace all disciplines and inputs from the public will be welcomed.
Addressing the meeting, Professor Gbakima said that over the years, two similar policies (2010 and 2014) have been developed by the previous Government, but these have not seen the light of day as they were left in the preliminary stages. This policy, he noted, will be sent to cabinet and later tabled in Parliament for enactment. He, however, stated that the past two drafts will be closely looked at and other additions made to stream line it with the needs of the country. He noted that a lot of youths from the University and from schools are unemployed. This, according to him, is due in part to the relevance of their courses to the job market, whilst others lack the necessary skills training to get them gainfully employed. He lamented over the fact that mining companies in this country hire foreigners to work in their companies because of the absence of the requisite skills in the country.
The policy, he went on, will take into cognizance all these facts to ensure they create the skills to meet the needs of the job market. It is therefore the responsibility of his Ministry to solely focus on technical and higher education. Its operational responsibilities include among others: Development of robust policies on TVET, Development of framework for public-Private-Partnership with a view to increase private sector participation in TVET, expand access, improve quality of TVET particularly in areas highly potential for job creation, review and standardize curriculum and certification for TVET, develop a national apprenticeship scheme which can provide internship for trainees of TVET and at the same time provide direct training for youth. Promote agricultural TVET to enhance food production and food security.
Development of the TVET Policy
Minister Gbakima maintained that the MTHE is currently developing a National TVET policy in collaboration and in consultation with all relevant stakeholders/ partners including GIZ. The process is being led by a national consultant with both national and international experience in policy development and implementation. Regional Consultation will be conducted simultaneously to further solicit stakeholders inputs in five regions: East in Kenema, South in Bo, North West in Port Loko, North in Makeni and West in Freetown.
He stressed that a final validation workshop will be held by the 4th week of April leading to the finalization of the policy. The final document, he said, will be presented to Parliament for approval and enactment. The purpose of the policy is to set up a common vision for the TVET system in Sierra Leone, to facilitate alignment with both national development frame work and coherence with other policies, to enhance coordination of planned actions and reforms for improving outcomes and input of TVET, to clarify institutional arrangement and stakeholders roles and responsibilities for TVTE, to integrate best practices at national and international level, to pledge the political and collective will of the GoSL and implementing stakeholders.
In that regard, he is appealing to members of the general public and interested parties to participate by sending their views, comments and suggestions to the TVET Policy Secretary Technical Working Group at email: mempower1981@yahoo.com or contact: +232 76 966959.

MoF Signs Transparency MoU with Port Loko Councils

Dignitaries at the high table

The Port Loko District Council and the Chiefdom Councils Revenue Platform recently signed a Memorandum of Understanding (MOU) with the Ministry of Finance and Economic Development for the project titled, Increasing Transparency and Accountability on Revenue Mobilization and Reporting; Case of Port Loko District Council, funded by the World Bank, through the Ministry of Finance and Economic Development (MOFED) and the Non-State Actors (NSA) National Secretariat and facilitated by Democracy and Development Associates Sierra Leone (DADA-SL).
The MOU provides the framework for Local Councils and representatives of Chiefdom Councils to work together for the development of the District. The mandate of the Joint Revenue MOU will be reviewed at the end of each year while the role of DADA-SL/Non-State Actors and other Civil Society Organizations (CSOs) is to provide support and monitor the two parties for effective implementation of the MOU in ensuring increase in domestic revenue mobilization and reporting for more effective service delivery at community level.
The platform will be governed by the following principals: neutrality and impartiality, mutual respect, openness, discretion, participation in flat form activities, inclusion, diversity and support to strengthen the capacity of Council.
Furthermore, all stakeholders should openly share information that contributes to the effective mobilization of revenue, reporting, planning and monitoring of development initiatives and processes in the District, jointly assess the progress of the implementation of the Local Councils and Chiefdom Development Plans and progress on revenue generation.
Also, Local Councils and Chiefdom Councils to co-chair the Revenue Accountability Platform meetings on rotational basis with backup from DADA-SL/Non-State Actors and other CSOs within the District.
Chiefdom Councils and CSOs/NSAs should submit quarterly and/or annual activity plans and budgets for inclusion into council’s development plan.
The introduction of decentralization after 36 years saw the need for the establishment of Local Government structures to champion all development programs/activities at the same time to further coordinate all development partners’ intervention at the district level and municipalities as enshrined in the Local Government Act of 2004.
The Act places significant responsibilities on Local Councils in service delivery. This is done through the preparation and implementation of a Local Council budget, one of the most important processes of governance undertaken by Councils.
The MOU is for Local Councils in Port Loko District to post their financial statements on notice boards, make public monthly Council meetings, consult residents before approving and or reviewing development plans and more importantly to make council budgets a public document.
The project titled, Increasing Transparency and Accountability on Revenue Mobilization and Reporting; Case of Port Loko District Council, funded by the World Bank, through the Ministry of Finance and Economic Development (MOFED) and the Non State Actors (NSA) National Secretariat.
The MOU was established by the chiefdom councils of Bake Loko/Marforki, Lokomasama/Kamasondo and Kaffubulom Chiefdom Councils and Port Loko District Council, facilitated by Democracy and Development Associates-Sierra Leone (DADA-SL), in a bid to strengthen synergies, collaborations and partnership ties among and between the different councils in the areas of local tax and market dues collection and reporting, both at chiefdom and district levels.
The Executive Director of DADA-SL, Mr. Foday D.M. Sesay, lamented that the MOU is a relevant tool and mechanism that both partners would bank on as reference document which has clearly defined respective roles and responsibilities in revenue generation including other important portions that have more ingredients that provides the basis for including added value into the local tax and market dues collection within Port Loko District.
He assured the public and government that from the commitments obtained from the diverse duty bearers targeted by the project, Port Loko District Council and its allied chiefdoms have the potential to realize and enhance more cooperation and compliance of local tax and market dues payment this 2019 Financial Year.
The Executive Director concluded by acknowledging and thanking the World Bank, the Government of Sierra Leone, through the PFMICP Department of the Ministry of Finance and the Non-State Actors Component National Secretariat, the District NSAs of Port Loko, the Local and Chiefdom Councils of the project targeted Chiefdoms/communities, the media, the former Clerk of Parliament (currently CEO for Concern for Accountability), Mr. Ibrahim Sesay, the Local Government Finance Department of the Ministry of Finance, the respective Service Providers and the entire Board of Directors, management and staff of DADA-SL for their unflinching support and cooperation provided during the implementation of the NSA Grant project.
According to the Executive Director of DADA-SL, Mr. Foday Sesay, this transparency process of involving citizens is not properly carried out by Local and Chiefdom Councils although some efforts have been made underscoring that a lot more needs to be done to close the gaps.
He furthered that this lacuna has affected the revenue generation drive of Councils affirming that it is a now a prerequisite in the recently enacted Finance Act for an increase in local revenue generation in addition to bringing onboard the budget process for Chiefdom Councils as they are mandated to intensify revenue mobilization.
He continued that if the new Finance Act is fully adhered to by Councils, it would contribute to effective service delivery and financial prudence in addition to community ownership and project sustainability.

Deputy Youth Minister Highlights threats to Security

(In white African regalia) Hon. Lusine Kallon-Deputy Youth Minister addressing UN

Deputy Minister of Youth Affairs, Hon. Lusine Kallon, has informed the United Nations that lawlessness, poverty and corruption are the real security threat in the whole world.
He made this statement on 6th April 2019, in USA, at the UN Roundtable Discussion on UN Youth Strategy 2030-Economic and Social Council – ECOSOC, on the theme: “Youth: Empowered, included and equal”
Minister Kallon said, “I strongly believe that we can mitigate these social maggots if only we can join hands as a United Nations in winning the fight.”
In attendance were the President of the Economic and Social Council, President of the General Assembly, The Envoy of the UN Secretary General on Youth, youth leaders and host of other distinguished personalities across Africa.
He told his audience that President Julius Maada Bio’s commitment in youth development and empowerment is underpinned by a National Youth Policy that is set to be reviewed in synergy with the 2030 Agenda for Sustainable Development, the Africa Union Agenda 2063 and the UN 2030 Youth Strategy.
He said he was at the roundtable youth forum in two capacities, firstly as a Sierra Leonean youth, and secondly as its youngest Deputy Minister of Youth ever appointed. According to him, this was made possible because President Bio, is strongly committed to youth empowerment and development.
In the demonstration of the President’s commitment, he added, “more than 40% of the high-level appointees in Government positions are youth or young people.”
Explaining how the country’s youth policy tie with the UN Youth 2030 Strategy, he said, “our national vision to inclusively and equally empower our youth mirrors that of the Youth 2030 Strategy, whose vision is to create “a world in which the human rights of every young person are realized; that ensures every young person is empowered to achieve their full potential; and that recognizes young people’s agency, resilience and their positive contributions as agents of change.”
He went further to state that in developing the youth policy they were going to engage the youth on consultative dialogue through workshops, seminars and media engagements.
The Minister disclosed that the Government of Sierra Leone recently launched the Medium-Term National Development Plan 2019-2023, and Cluster Six speaks about transforming the lives of young people of Sierra Leone by meeting the following key targets: By 2023, we hope to increase youth employment by 15%, with special attention to gender equality. By 2023, we are certain that the number of young people involved in entrepreneurship will increase more than the 2018 figures, with emphasis on promoting innovation. By 2023, we are hopeful that the National Youth Service and the Skills Development Project will be fully operational.
He asserted that, “Sierra Leone recent history might have been blighted by accounts of the abuse of young people in our civil conflict. Since we turned the page in 2002, our focus now is development, recognizing our youthful population as agents for such paradigm change.”
With this in mind, he said, “our President has created the platform for the youth to serve themselves and represent themselves in national governance and policy design to fit their desires. One of the best ways in catering for the majority of our youth is through the National Youth Service (NYS).”
He submitted that Sierra Leone will be the hub for youth entrepreneurship and innovation in winning the fight against “Lawlessness, Poverty and Corruption

Bio Has A Big Problem With Inducing Sustainable Development

Commentary

The people say they are tired with hearing President Bio and his men and women constantly ringing into their ears that the Government inherited a broken economy. As far as the people are concerned, President Bio told them during the campaign that he is up to the task of fixing the problem, so that is all what they want to hear and what they look forward to – Period.
As it is, President Bio has the daunting task of inducing sustainable development and implanting into the society sustainable peace: Two sides of the same coin.
With more than half of the country’s population living on less than USD2 a day, sustainable development is key to sustaining peace and vice versa.
Traditionally, peace has been approached in sequential and separate steps: creating a new governing system; and investing in economic, social and environmental development.
But peace-building and development are symbiotic, like getting fit: you would not stop smoking for a month, exercise the next month, then eat well the following month – you would work on all together.
This is why the 2030 Agenda that contains the SDGs and the Resolutions on the UN’s peace-building architecture call for the dissolution of silos and the advancement of a strongly coherent and integrated approach, recognizing that development, peace and security, and human rights are interlinked and mutually reinforcing.
The radical heart of the SDGs is their promise to leave no one behind and to reach the furthest behind first. This is a game-changing commitment to the poorest, most vulnerable people.
Old development agendas might focus on boosting a narrow idea of economic growth, industrialization or social services. Alone, none of these achievements leads to welfare, sustainable economic transformation or sufficient support to a peace process.
They could even worsen tensions in a country if growth is not inclusive, services are captured by an elite or development generates unbalances between regions.
A rising tide only lifts all boats if everyone has a boat. Sustaining peace and sustainable development are two sides of the same coin. For any country to reach a lasting peace, the journey must always be led by its own people.
Peace is not simply a benchmark to achieve. It requires ongoing, dynamic participation from the entire society in its governance and economy to ensure that conflicts don’t escalate into violence. That is why a country’s development must be inclusive and sustainable; it gives everyone a stake in a shared future.
We are living in a country that is increasingly divided. Peace, stability, human rights and effective governance based on the rule of law are important conduits for sustainable development.
High levels of economic and social insecurity have a destructive impact on a country’s development, affecting economic growth and often resulting in long standing grievances among communities that can last for generations. Sexual violence, crime, exploitation are also prevalent where there is conflict or no rule of law. The government must take proactive measures to protect those who are most at risk.
As such, the Sustainable Development Goals (SDGs) aim to significantly reduce all forms of violence, and work with governments and communities to find lasting solutions to conflict and insecurity. Strengthening the rule of law and promoting human rights is key to this process.
Promoting peace and justice is one of 17 Global Goals that make up the 2030 Agenda for Sustainable Development. An integrated approach is crucial for progress across the multiple goals.
The 2030 Agenda requires a greater involvement among governments, civil society, private sector and international organizations to build more peaceful and inclusive just societies. Peace also brings new business opportunities by increasing stability, improving economic prospects and by building social and economic fabric in a community.
The above, principally, more than anything else should be what informs and drives the New Direction Government as it endeavours to create a new humanitarian nation standing on strong prosperous foundations of ideological, economic and cultural independence.

ORANGE-SL ENGAGES MEDIA PRACTITIONERS

During a well-attended engagement with journalists from both the print and electronic media landscape on the 8th April 2019 at the Country Lodge in Freetown, Head of Media and Public Relations, Annie Wonnie Katta intimated that the rationale behind convening the Press Briefing was simply geared towards giving an incisive and comprehensive updates on the telecommunications company’s operations in the country.
She underscored that they will specifically focus on the company’s digital revolution journey, Corporate Social Responsibility and the expansion of their network.
Various officials of Orange, belonging to the marketing, network expansion and investment, Corporate Social Responsibility, Orange Financial Services and heads of various products and services such as the Orange B2B, respectively made comprehensive and succinct presentations bordering on their different areas of operations.

One of those who made a presentation was Felix Macauley who dilated on the various products, voice and data services offered by Orange Sierra Leone. He confidently informed that the company has the widest, affordable and efficient coverage.
Felix Macauley further noted that they are the first to have a female CEO in the telecoms sector in the country and also the first in introducing a number of products and services to remote parts of the country ascertaining how they have huge customer base.
Strategic Marketing and Partnership Manager, Abibatu Baxter, made a presentation on the financial service access point. She highlighted that they are the first to introduce such a financial service in the country further explaining the features of the product, noting that it employs over 5,000 people both directly and indirectly; and has enabled people to transfer money, pay for goods and services in shops, supermarkets and stalls, enable salary payments and payment for utility bills, amongst others.
According to her, Orange Money played a very significant role during the country’s Ebola scourge. “It was the platform used to pay caregivers and is very good due to the fact that it has accountability and audit trails,” she maintained.
She said such largely accounts for the increasing partnership between Orange Sierra Leone and a number of INGOs and NGOs both nationally and internationally.
Dilating on the area of the company’s Corporate Social Responsibility, Desmond Spaine, who happens to be the Manager of that Department, intimated journalists about the various ambitious and costly projects already facilitated, funded and in some cases executed by Orange Sierra Leone as a way of giving back to society and its numerous subscribers.
Spaine mentioned the 1.5 million dollar commitment to the country’s free and quality education, the two billion Leones yearly support to 50 kids at various SOS homes in Bo, Kenema and other major towns.
He also cited the 20,000 Euros support to the building of a separate orthopedic and pediatric theatre unit at the Connaught Hospital for children, amongst other key supports to the religious community and the Freetown City Council’s environmental and sanitation drive.
He went further to state that Orange continues to leave a very strong footprint in the Educational, Health, Environment and the empowerment of women and children.
Representatives from the Orange B2B and Network expansion and investment also made presentations on the strides already taken by Government, which have resulted to the spending of over fifty five United States dollars (US$ 55,000) with over 925 local sites in the expansion of the network to various rural communities.
“This massive and the unprecedented expansion have taken place since July, 2016 when Orange took over AIRTEL,” he disclosed.
Daniel Fornah, Networks Panning and Engineering Manager dwelled on the Company’s network expansion and investment drives, noting that this has been informed by market surveys and license conditions. He unravelled a number of changes done to equipments, machinery in sites and locations in the country, which he noted is responsible for the wide coverage and efficient network.
He concluded by disclosing the rolling out of the 4G SERVICE, including the level of infrastructure the company was able to build in Freetown. He further highlighted plans for all major towns and cities.
Wrapping up the updates, Madam Annie Wonnie Katta talked about the commitments of Orange Sierra Leone for 2019, which include an additional expansion plan of 24 million dollars and also efforts at further supporting communities, the GoSL and its numerous subscribers, amongst other development plans.
The charming Head of Media and Public Relations, noted that it is the intention of Management to continue to expand the network by building more sites connecting rural areas,, which, she noted, is in line with the Government’s aspirations.
Journalists present highly appreciated the updating some maintaining that was very informative and helped to dispel hitherto notions which were not contextual.
It was recommended that the Orange New PR team to roll out timely information and tightly embrace the media.

Rokel Bank to Open in Kailahun

Rokel Bank Management with PC Mohamed Kailondo Banya of Luawa Chiefdom (Middle front row)

 

A recent exploratory visit by the Management of Rokel Commercial Bank to the resource rich district of Kailahun may pave the way for the establishment of a new branch – the first by a government owned bank in over ten years.

A Team including the Managing Director, Walton Gilpin, Deputy Managing Director, Emmanuel Borbor and Directors held fruitful discussions with the leadership of the district including Paramount Chiefs, business leaders and ordinary indigenes who reportedly expressed delight at the prospect of having a government owned bank in their district after years of neglect by successive regimes.

Whilst the Bank’s Board of Directors has reportedly granted approval for the establishment of the new RCBank Kailahun branch, certain conditions would have to be met for the Bank of Sierra Leone’s approval of this unprecedented milestone for the agriculture and mineral rich district. The district’s very remote communities remained grossly unbanked – a situation the Managing Director of Rokel Bank considers unacceptable given its huge economic potentials.

“Our decision to expand to Kailahun is motivated by a recent market assessment we conducted coupled with our ever-increasing appetite to promote financial inclusion across the country” Gilpin said.
In another development, the Bank is set to unleash customized kiosks for its revolutionary Rokel Simkorpor mobile application.
The Kioks, to be stationed in strategic parts of Freetown and the provinces will be manned by specially trained agents who will help customers carry out normal banking transactions way from the usual long queues in banking halls. SimKorpor is figuratively a branchless banking service.

As Government continues with its sweeping reforms of the financial sector, Rokel Bank appears to be catching up very fast by repositioning itself as an effective player in the sector. The move to establish a presence in Kailahun is no doubt another bold step in promoting financial inclusion in Sierra Leone. The bank has continued to implement key reforms aimed at increasing its profit margins and operational effectiveness. A recently constituted Board of Directors has been very pivotal in ensuring the bank employs innovation to effectively compete.
On the heels of numerous local and international awards early this year, the bank also recently received another award by a Women’s Advocacy outfit- HE for SHE for being the best commercial bank of 2018. To date, Rokel Commercial Bank remains the second most profitable bank in Sierra Leone, netting a whooping Le62.7 Billion Profit (after tax) in 2017.
There are indications 2018 figures will be much higher.

Sierra Leonean Youth to Benefit from Japan, IOM Partnership

Sanusi Savage, IOM Chief of Mission (5th from the right), Tsutomu Himeno, Ambassador of Japan (5th from left) after the signing ceremony. Photo: IOM 2019

At least 2,000 Sierra Leonean youths facing chronic unemployment or underemployment will receive market-driven vocational training over the next three years under a project funded by the Government of Japan.

“IOM has a long-standing experience addressing issues related to youth, migration and employment,” said Sanusi Savage, Head of the IOM Office in Sierra Leone. “We hope that through this new initiative, we can unlock the entrepreneurship potential of Sierra Leonean youths and help them contribute to the development of the country.”
More than 60 per cent of Sierra Leonean youths are unemployed or underemployed. The West African country has been slowly recovering from the devastation caused by an 11-year civil war (1991 – 2002) and the recent Ebola crisis (2013 – 2016), which has led to massive rural-urban mobility, especially among young people.
This population growth in urban areas has impacted infrastructure and essential service delivery, including housing, schools, jobs, water, health, electricity, sanitation, etc.
Funded by the Government of Japan, Reducing the Risk of Irregular Migration through Employment Promotion and Entrepreneurship Support for the Youth will be implemented over three years from 2019 to 2022.
The new project will contribute to youth and women’s empowerment through vocational and entrepreneurship skills training. A partnership will be developed with Sierra Tropical, a Sierra Leone-based juice manufacturing company, to provide internships and on-the-job training to young people and women across the country.
Two hundred and forty youths will also receive entrepreneurship trainings, business start-up kits, and long-term mentoring from industry professionals to ensure the sustainability of their ventures.
Mohamed Orman Bangura, Minister of Youth Affairs for Sierra Leone, said this new project will support the country’s National Development Plan: “[The project] will help provide young people with the skills in areas relevant for the job market, reduce rural-urban and irregular migration and contribute to economic growth and development,” he explained.
Since 2017, more than 950 vulnerable Sierra Leoneans have returned home with IOM’s assistance. The project will also develop activities to raise awareness on the risks and dangers of irregular migration and human trafficking.
“Over the years, the Government of Japan has been very committed in providing support to Sierra Leone, and we are very happy also to support this wonderful project,” added Tsutomu Himeno, Japan’s Ambassador to Sierra Leone.

For more information, please contact IOM Sierra Leone:
Alhaji Sanusi Tejan Savage, Email: ssavage@iom.int
Kunikazu Akao, Email: kakao@iom.int