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GIFT IFSC: Emerging as a preferred new age global financial centre

By Dr Dipesh Shah

The Governmnent of India implemented a major financial sector reform by establishing the country’s maiden International Financial Services Centre (IFSC) in GIFT City, Gujarat. The IFSC has been developed as a unique international financial jurisdiction within onshore India, which has been designated as a non-resident zone under the Foreign Exchange Management (FEM) Act. This special status enables financial transactions to be carried out in any of the notified fifteen foreign currencies, including USD, GBP, Euro and Yen.

The IFSC has been set up with two primary objectives namely:

  1. a) Onshoring India-centric international financial services business, and,
  2. b) Serve as a preferred gateway for channelising global capital flows into and out of the country.

Over the last few years, GIFT IFSC has made remarkable progress in positioning itself as a ‘New Age Global Financial Centre,’ providing an ideal platform for the global financial services industry to integrate more efficiently with the Indian economy. A key landmark in IFSC’s journey so far has been the establishment of the International Financial Services Centres Authority (IFSCA) as a unified statutory body for the development and regulation of IFSCs in India.

Since October 2020, IFSCA has assumed its statutory powers and has notified over 29 regulations and more than 14 frameworks encompassing the entire spectrum of financial services, including – banking, capital markets, insurance, the fund industry, fintech, aircraft leasing, ship leasing, and global corporate treasury centers. The Government endeavours to develop GIFT IFSC as an internationally recognised financial centre with trusted business regulations, competitive tax regime and ease of doing business.

Today, the GIFT IFSC initiative is a testament to India’s firm resolve to undertake bold and transformative reforms in the financial sector. This ambitious project is envisaged to catalyse global capital flows into the country and accelerate the integration of the Indian economy with the global financial ecosystem. As of July 2024, more than 600 + entities across banks, capital markets, insurance, fintech, aircraft leasing, ship leasing, bullion exchange, etc. have been registered with the IFSCA. The financial service market is gaining momentum with healthy and growing participation of global and domestic financial services institutions. The business growth in some of the key sectors is highlighted below:

Banking Sector: The Banking ecosystem in GIFT IFSC is rapidly evolving with a healthy mix of foreign and domestic banks, primarily catering to the foreign currency borrowing requirements of Indian corporates and public sector enterprises through external commercial borrowing, trade finance, etc. Transactions under these heads, previously booked from overseas financial centres are now being booked out of GIFT IFSC.  As of March 2024, the total asset size of IFSC Banking Units (IBUs) crossed USD 60 billion, and the cumulative value of transactions undertaken by IBUs crossed USD 795 billion.

Fund Industry: The growth of a robust fund industry in GIFT IFSC is has a transformative impact in catalysing global capital inflows into India, including for the start-up ecosystem. Previously, pooling of international capital for investments in India was structured through funds (private equity, venture capital, hedge funds, etc.) set up in offshore jurisdictions. Now, with enabling regulations, a competitive tax regime, and beneficial cost of operations, GIFT IFSC is emerging as a preferred jurisdiction for the pooling of global capital by foreign and Indian fund managers. In the last three years, there has been rapid growth in Fund Management Entities (FMEs) and Alternative Investment Funds (AIFs)  registered with IFSCA. The cumulative FMEs and funds registered rose from 39 and 33 in September 2022 to 114 and 120, respectively, in March 2024.

Aircraft Leasing: The aviation industry in India is on the cusp of unprecedented growth, with a strong order book of more than 1500 + aircraft placed by Indian airlines and a projected demand for over 2,200 aircraft by 2042. Currently, most aircraft operated by Indian airlines are leased from offshore lessors that have access to competitive capital costs. The aircraft leasing and financing business, the most profitable segment in the aviation value chain, was entirely residing in foreign jurisdictions. Recognising the immense potential of aircraft leasing and financing business, IFSCA introduced the enabling leasing framework, and the Government supported the endeavour by providing several tax incentives. In three years, green shoots have been visible in IFSC with more than 28 aircraft lessors already registered. These have leased more than 120 + aviation assets, including commercial aircraft, helicopters, aircraft engines and ground support equipment.

Foreign universities initiative: The IFSC, being an offshore jurisdiction is uniquely positioned to become an ‘International Higher Education Hub’ by attracting top-quality international universities which are keen on exploring India for its talent and demographic profile. IFSCA achieved a significant milestone in FY24 when Australia’s Deakin University became the first foreign university to be granted final registration for their International branch campus in GIFT IFSC under IFSCA (setting up and operation of international branch campus and offshore education centres) Regulation, 2022. University of Wollongong of Australia became the second foreign university to receive in-principal approval for their international branch campus in GIFT IFSC.

Global In-House Centres: Globally, information technology and digital practices have facilitated the cross-border flow of services such as – accounting, auditing, taxation, book-keeping and has fuelled the growth of Global In-House Centres (GIC). GIFT IFSC, is uniquely positioned to offer such services to global clients. A leading US institution, i.e. Bank of America has already set up a large GIC unit in GIFT IFSC, which is providing in-house support services to the bank’s global operations. Several other international firms are now looking at the GIC opportunity in GIFT IFSC.

In the future, GIFT IFSC is slated to play a significant role in achieving the vision of a developed India@2047.

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Dr. Dipesh Shah is Executive Director (Development) at International Financial Services Centres Authority (IFSCA), GIFT City

The Global South and the Summit of the Future

By Ambassador (Retd.) Asoke Mukerji

The United Nations General Assembly (UNGA) is scheduled to convene for a “Summit of the Future” in New York on 22-23 September 2024. The outcome of this meeting of world leaders will be the adoption of a “Pact for the Future”. During the past year, the details of the Pact have been discussed among the 193 UN member-states under the co-facilitation of Germany (representing the developed countries of the North) and Namibia (representing the developing countries of the South). The objective of the Pact is “to safeguard the future for present and coming generations”.

India’s approach towards the UN’s Summit of the Future was articulated by Indian External Affairs Minister Dr S Jaishankar in 2023. He emphasized the need to demonstrate “genuine solidarity” to generate “real trust” and integrate the “sentiment of the Global South” in preparing for the Summit. During the discussions in the UNGA in May 2024, India cautioned that if these essential elements were missing from the process, the Summit of the Future would become a “Summit of the Past”, condemning the United Nations “to a perilous vicious cycle of fading into irrelevance.”

The Global South consists of developing country member-states of the UNGA, many of them former colonies of European powers in 1945 who did not negotiate the UN Charter. Their membership of the United Nations began with the historic process of decolonization that began after India’s independence from British colonial rule in August 1947.

The Global South became a majority in the UNGA, propelled by the Decolonization Resolution of December 1960. The first visible expression of solidarity of the Global South in multilateralism was the successful adoption by a two-third majority vote of UNGA resolutions in December 1963 to amend the UN Charter. These amendments resulted in expanding the representation of the Global South in the UN Security Council (UNSC) that controls decisions on peace and security, and the Economic and Social Council (ECOSOC) that controls UNGA decision-making on socio-economic issues.

Since 1960, the process of consolidation and prioritization of Global South priorities has been marked by several negotiating landmarks in multilateral institutions. This was due to the solidarity and sentiment of the Global South, based on trust in the effective and equitable functioning of the interlinked post-war multilateral system.

Among the Global South’s achievements have been the creation of the non-aligned movement in September 1961 which today brings together 120 member-states in the UNGA; the establishment of the Group of 77 (or G-77) in 1964 which today represents 134 out of 193 member-states in the UNGA; the creation of the UN Development Programme (UNDP) by the UNGA in 1965; the adoption of the G-77 Charter of Algiers in 1967 calling for a New International Economic Order; the Decision on Differential and More Preferable Treatment (also known as the Enabling Clause) for developing countries in the GATT (precursor of the World Trade Organization) in 1979; the UNGA Declaration on the Right to Development (DRTD) as an inalienable human right in 1986; and the Common but Differentiated Responsibility (CBDR) provision of international law, codified by the UN Conference on Environment and Development in 1992.

Through patient and forward-looking negotiations in the UNGA between 1960-2015, the Global South/G-77 has succeeded in bringing “development” into the mainstream of multilateralism. The unanimous adoption of Agenda 2030 by the UNGA in September 2015, with its 17 Sustainable Developmental Goals (SDGs) is an acknowledgement of this fact. Agenda 2030 converges the common interests of the Global North and Global South into an integrated human-centric framework, in which peace, security, and development are interlinked. This is the sentiment that the Global South seeks to integrate into the vision of the Summit of the Future.

The UN’s SDG Summit in 2023 held to assess the implementation of Agenda 2030 warned that “numerous crises” since 2015 were derailing this vision. Three broad trends may be seen as contributing to these crises.

The first is a revival of the North-South divide, which undermines trust in the equitable functioning of multilateral institutions. During the Covid pandemic the World Health Organization was unable to ensure the adequate supply of vaccines to the Global South, due to stockpiling in the Global North. The World Trade Organization was forced by the Global North’s dominant hold on intellectual property rights on vaccines to postpone a decision on waiving these rights to enable manufacture of vaccines in the Global South.

The second is an increasing recourse to the use of armed force, instead of diplomatic negotiations, to resolve conflicts. The ineffectiveness and inadequacy of the UNSC’s authority due to the veto power of the P5 has been exposed by the large-scale human suffering and destruction in the violent conflicts caused by the use of armed force in recent years. Even existing unanimous resolutions of the UNSC for the political settlement of conflicts such as Afghanistan (UNSCR 2513), Ukraine (UNSCR 2202), and Palestine/Israel (UNSCRs 242, 1860) have not been enforced. A corollary to this is a gradual usurpation of UN Charter provisions for enforcing UNSC decisions, such as economic sanctions and use of armed force, by non-UN bodies like the North Atlantic Treaty Organization (NATO). This impacts directly on peace, security, and development in the Global South.

The third is the weaponization of interdependent economic interlinkages, which have been painstakingly negotiated on the basis of agreed principles of special and differential treatment, as listed above, by the Global South in multilateral institutions and specialized bodies. A powerful combination of governments and corporations based in the Global North have actively sought to circumvent these interlinkages through the extra-territorial application of their domestic laws and policies. This has implications for the sovereign participation of the countries of the Global South in multilateral cooperation. It has also tangible increased socio-economic costs on the implementation of Agenda 2030.

Unless checked, these three trends can have a deleterious impact on the Global South, particularly on the application in a human-centric manner of new digital technologies to accelerate the implementation of Agenda 2030. The Summit of the Future’s consideration of a Global Digital Compact requires special attention to these sentiments of the Global South, in order to bridge existing digital divides enumerated during the UNGA review of the UN’s Tunis Agenda on an Information Society in December 2015.

At the 75th anniversary meeting of the United Nations in 2020, India’s Prime Minister Narendra Modi had emphasized:

“We cannot fight today’s challenges with outdated structures. Without comprehensive reforms, the UN faces a crisis of confidence. In today’s interconnected world, we need a reformed multilateralism—that reflects today’s realities, gives voice to all stakeholders, addresses contemporary challenges and focuses on human welfare.”

This is the reason why the Global South’s focus during the Summit of the Future must be to seek effective multilateralism on the ground. A decision to convene a UN General Conference, as provided for in Article 109 of the UN Charter, to review the UN Charter in September 2025 would be an appropriate way to mark the 80th anniversary of multilateralism by integrating the aspirations of the Global South.

 

Sahr Ngegba’s Web of Lies Unraveling: Business Mogul Caught in Fraud Scandal  

Sahr Hussain William Ngegba
Sahr Hussain William Ngegba

By Abubakarr Harding

Sahr Hussain William Ngegba, a businessman who has long portrayed himself as a successful entrepreneur, is now at the center of a major investigation that threatens to expose his alleged criminal activities. As the Proprietor of Redcoat Logistics, a registered company based in Freetown, he is accused of using his business as a front for a web of deceit, including fraud and money laundering.

Operating under the guise of a reputable logistics and supply chain expert, Sahr Hussain William Ngegba is said to have built a façade of legitimacy, offering services like freight forwarding, road haulage, project logistics and distribution. However, recent revelations suggest that his supposed business empire could come crashing down as investigators delve deeper into what many now believe to be a long-running con.

Allegations against Ngegba include the claim that he lured investors into partnerships with promises of high returns, often using attractive collateral to sweeten deals. Once businesses started turning profits, he allegedly employed underhanded tactics to hijack them, launching smear campaigns against his partners with fabricated accusations to justify seizing control.

In one of his latest schemes, Sahr Hussain William Ngegba reportedly targeted a prominent businessman in Sierra Leone with a proposal to invest in a lucrative fishing venture. He allegedly offered collateral worth $1 million, only to later seize control of the operation once it became profitable, leaving his partner out in the cold.

When the businessman caught on to the scheme, he demanded accountability. In response, Ngegba allegedly resorted to blackmail, paying a media figure to smear the businessman’s reputation with false accusations. The conman reportedly claimed that the businessman was abusing the duty-free system, selling substandard building materials and defrauding customers – all allegations that appear baseless given the businessman’s legitimate import and retail operations.

As local and international law enforcement agencies, including Sierra Leone’s National Security Agency (NSA) and the UK Serious Crime Agency, take interest in Sahr Hussain William Ngegba’s dealings, there is growing speculation that his alleged activities in Liberia, The Gambia, and the UK may also come under scrutiny. The investigation into his operations is ongoing, and it seems that Sahr Hussain William Ngegba’s day of reckoning is drawing near.

The coming weeks are expected to reveal more details as investigators piece together the full extent of his alleged schemes, signaling what could be the downfall of one of Sierra Leone’s most notorious conmen.

Minister Salima Bah Highlights Digital Milestones While Zoodlabs Faces Intense Public Scrutiny

By Amin Kef (Ranger)

 The Minister of Communications, Technology and Innovation, Salima Monorma Bah, has outlined the significant strides her Ministry has made over the past year, with a particular focus on improving internet connectivity across Sierra Leone. Speaking at a Press Conference organized by the Ministry of Information and Civil Education on Tuesday August 13, 2024 at the Foreign Affairs Ministry Conference Hall, she emphasized the Government’s commitment to enhancing digital infrastructure as part of President Julius Maada Bio’s vision.

Minister Salima Bah underscored that access to the internet is considered a basic human right in the modern age and that substantial investments have been made by both the Government and the private sector to improve infrastructure. She highlighted the roles of three key entities—Zoodlabs, Leonecom Limited and Metro Cable—in facilitating internet access nationwide.

She described Zoodlabs as a comprehensive technology and smart utility infrastructure company that provides high-speed internet services through a wireless broadband network in Freetown. Leonecom Limited, she explained, is responsible for commercializing Sierra Leone’s terrestrial fiber optic cables, while Metro Cable is the leading provider of high-speed gigabit internet access, working with local service providers to deliver fiber optic broadband to homes and businesses.

However, the Minister acknowledged that challenges persist, particularly concerning recent internet outages. She attributed these disruptions to the intentional or unintentional tampering of undersea fiber optic cables, a problem that has affected connectivity. The Minister revealed that the Government has engaged in discussions with Guinean counterparts to explore collaborative efforts aimed at increasing broadband speed and connectivity.

Mamoud Idriss, a representative of Zoodlabs, praised the Minister for her prompt response to the connectivity issues, describing her efforts as unprecedented. He outlined Zoodlabs’ role in managing the internet highway and noted that the increased number of internet users has heightened sensitivity to connectivity issues and that the fibre cables were laid since 2012 stressing that they have now become old vulnerable to developing problems. He mentioned that Zoodlabs is working to add an additional cable to ensure alternative routes when faults arise, though he clarified that Zoodlabs is not responsible for maintaining the Africa Coast to Europe (ACE) submarine cable. He also mentioned the investment in renewable energy through the installation of solar panels in its operations amounting to a little over $1M to replace the use of generators

Despite these assurances, public dissatisfaction with Zoodlabs has been growing. Many citizens have expressed frustration over the persistent poor internet service, with some calling for immediate Government intervention to investigate Zoodlabs. There is a public outcry for accountability from those who approved the agreement that handed over this critical infrastructure to Zoodlabs.

Zoodlabs, which assumed control of the Cable Landing Station in December 2020 following a parliamentary agreement ratified in April 2022, is now under scrutiny for failing to deliver on its promise to invest $20 million in upgrading the landing station’s outdated equipment. Insiders allege that instead of fulfilling this commitment, the company has relied on bank loans and payments from Mobile Network Operators (MNOs) and Internet Service Providers (ISPs) to finance its operations. Concerns have also been raised about Zoodlabs’ financial management, particularly regarding the rapid depletion of the Le6 billion in seed money left by the previous operator, SALCAB.

Moreover, critics argue that the annual $450,000 payment Zoodlabs makes to the Government as part of its 15-year lease of the landing station is significantly lower than the company’s monthly revenue, raising questions about the fairness of the deal. The decision to transfer SALCAB’s operations to Zoodlabs had been met with resistance from the Ministry of Finance, which warned of potential risks to the country’s digital infrastructure—concerns that now seem justified as Sierra Leone continues to suffer frequent internet outages under Zoodlabs’ Management.

The recent outage on August 4, 2024, which disrupted data services, international voice calls and other operations for nearly four hours, has only heightened public frustration. Unlike their counterparts in neighboring Liberia, Zoodlabs failed to issue a public explanation or apology, further aggravating the situation.

In response to the growing crisis, the National Communications Authority (NatCA) convened an emergency meeting on August 5, 2024, with key stakeholders, including Zoodlabs, Leonecom, major MNOs and ISPs, to develop a robust short-term redundancy plan and explore alternative routes to enhance internet service resilience.

As scrutiny of Zoodlabs intensifies, Sierra Leoneans are demanding transparency and accountability. The public is questioning why the promised $20 million investment has not materialized and why internet services remain unstable despite Zoodlabs’ substantial revenue.

This investigation into Zoodlabs’ management is not just about uncovering the truth—it is about safeguarding Sierra Leone’s digital future. The people of Sierra Leone deserve reliable and stable internet services, and they are demanding answers.

Alhaji Fanday Turay: The Diplomat Behind Sierra Leone’s Resurgence on the UN Security Council

By Amin Kef Sesay

In a historic moment for Sierra Leone, the nation secured a Non-Permanent seat on the United Nations Security Council (UNSC) on June 6, 2023, marking its return to this influential body after more than 50 years. This achievement, effective from January 1, 2024, has elevated Sierra Leone to a prominent position among the 15 members of the UNSC, the UN’s primary organ for maintaining global peace and security.

As Sierra Leone assumed the presidency of the UNSC on August 1, 2024, the significance of this event resonated across the nation’s diplomatic landscape. The role which involves leading the Council’s activities, shaping discussions on international peace and security, and representing the Council to other UN bodies and member states places Sierra Leone at the center of critical global decisions.

Behind this remarkable achievement stands Alhaji Fanday Turay, Sierra Leone’s former Permanent Representative to the United Nations who is currently the Minister of Transport and Aviation. His dedication and strategic diplomacy, along with the efforts of then Minister of Foreign Affairs and International Cooperation, Dr. David Francis and Permanent Representative Deputies Amara Sowa and Dr. Michael I. Kanu, were instrumental in securing Sierra Leone’s seat on the Security Council.

During the campaign for this election, Alhaji Fanday Turay and his team not only focused on Sierra Leone’s bid but also championed a broader cause for Africa. They advocated for Africa’s inclusion in the Permanent Category of the Security Council and the allocation of additional Non-Permanent seats.

Alhaji Fanday Turay’s address at the 76th United Nations General Assembly Debate highlighted these efforts. Speaking on behalf of the African Union on the topic of equitable representation in the Security Council, he emphasized the need for comprehensive reform of the UN system. The erstwhile Permanent Representative passionately argued for Africa’s rightful place in the Security Council, advocating for two Permanent seats with full rights, including the veto, and two additional Non-Permanent seats.

His advocacy culminated in a high-level debate on August 12, 2024, titled: “Addressing the Historical Injustice and Enhancing Africa’s Effective Representation in the UN Security Council,” chaired by Sierra Leone’s President, Julius Maada Bio. This debate, a significant achievement for Sierra Leone, underscored the persistent efforts of Alhaji Fanday Turay and his team in ensuring that Africa’s voice is heard in the corridors of power at the United Nations.

His contributions to Sierra Leone’s diplomatic success are underpinned by his extensive experience in international relations and peacekeeping. Before his role as Permanent Representative, he served in various capacities, including Security Adviser at the United Nations Disengagement Observer Force (UNDOF) in the Syrian Golan and Special Assistant to the Chief of Staff at the Office of Military Affairs in the United Nations Department of Peacekeeping Operations.

A lawyer by profession, Alhaji Fanday Turay holds Master’s Degrees in International Transport and Maritime Law from the London Metropolitan University and in International Affairs from the University of Ghana. His career has been marked by a deep commitment to justice, equity and the advancement of both Sierra Leone and the African continent.

As Sierra Leone continues to play a vital role in the UNSC, the legacy of Alhaji Fanday Turay’s leadership and diplomacy will be remembered as a cornerstone of the country’s resurgence on the global stage. His tireless efforts have not only secured a place for Sierra Leone in international decision-making but have also advanced the broader cause of equitable representation for Africa in global governance.

 

Commemorating International Youth Day… United Nations Sierra Leone Urges Investment in Youth Empowerment Initiatives

By Foday Moriba Conteh

The United Nations Sierra Leone, in collaboration with the Ministry of Youth Affairs, has on Monday, August 12th, 2024, joined the world to commemorate International Youth Day celebration on the theme: “From Clicks to Progress: Youth Digital Pathways for Sustainable Development.” The event, which brought together young people, was held at Sierra Palms Hotel in Freetown.

Delivering a statement on behalf of the UN Resident Coordinator, Rudolf Schwenk, the UNICEF Representative in Sierra Leone began by acknowledging the global significance of youth, noting that there are currently 1.8 billion young people between the ages of 10 and 24—the largest generation in history.

He emphasized that nearly 90% of these young people live in developing countries, where they constitute a significant portion of the population.

“In Sierra Leone, eight out of ten people are under 35 years old,” Schwenk stated, underscoring the country’s youthful demographic and its potential to drive national development. He noted that International Youth Day 2024 serves as a moment to celebrate and harness the power of youth in leveraging technology for sustainable solutions to the world’s most pressing challenges.

Rudolf Schwenk highlighted the ongoing digital revolution and the dual nature of the digital landscape, which presents both risks and unprecedented opportunities. He praised young people for their role in driving positive change through digital pathways, from using social media to amplify voices for social justice to developing innovative solutions to global challenges. “By equipping them with the necessary skills, resources and support, we can unlock their full potential and pave the way for a more inclusive and sustainable society, both here in Sierra Leone and around the world,” he said.

In his call to action, Rudolf Schwenk urged the Government, development partners, Civil Society Organizations and the private sector to invest in youth empowerment initiatives. He emphasized the need to provide young people with access to quality education, training programs and mentorship opportunities to ensure they can navigate the digital landscape and contribute meaningfully to sustainable development efforts.

He commended the Government of Sierra Leone for prioritizing youth in the new Medium-Term National Development Plan further expressing anticipation for Sierra Leone’s hosting of the first-ever Mano River Union ‘Youth Connect Summit’ later this year, under the leadership of the Ministry of Youth Affairs, which will bring together youth from four countries in the sub-region. “This is a testimony of how the Government is taking the lead in harnessing the potential of youth, not only in the country but in the region,” the UN Resident Coordinator remarked.

In closing, Rudolf Schwenk reaffirmed the UN’s commitment to supporting the Government’s efforts in empowering young people, particularly in the areas of technology and digital skills.

On his part, Mohamed Orman Bangura, the Minister of Youth Affairs, commended young people for their contributions to nation building, highlighting key interventions undertaken by young people across the country.

He said that young people has been using their various spaces to contribute towards the development of the country of which he said the Ministry of Youth Affairs has already identified some of these young people which include social media influencers and they will work with them in order to continue using their various spaces in contributing towards the country’s development.

The Minister continued that they want to change the narrative of youth in Sierra Leone, noting that if Sierra Leone is rated among peaceful countries in the world the young people are playing crucial role in achieving that. He therefore encouraged the youth of Sierra Leone to continue to maintain peace to realize their fullest potential. The Minister made mention of several projects in his Ministry which are geared towards addressing the challenges faced by young people.

He also informed the participants about the Youth Status Report which IGR and International Consultant from Ghana are working on and the forthcoming Mano River Union Youth Connect Conference which Sierra Leone will be hosting in October this year that will bring over 5000 youths across the sub-region.

Salima Bah, Minister of Communication Technology and Innovation highlighted the importance of technology and innovation which her Ministry is championing and addressing the challenges faced by the young people.

She encouraged the young people to take up the challenge noting that Africa should not be at the receiving end for technology and innovation.

Salima Bah also mentioned that innovation does not only mean technology but anything that you can do that can solve problem effectively and efficiently.

These statements were followed by a panel discussion on the theme: “From Clicks to Progress: Youth Digital Pathways for Sustainable Development,” facilitated by Samuel Wise Bangura.

Jennifer Thompson Calls on Sierra Leonean Youth to Embrace Digital Solutions for Sustainable Growth

Jennifer Thompson.jpg

By Foday Moriba Conteh

On Monday, August 12th, 2024, Jennifer Thompson, a prominent philanthropist and Chief Executive Officer of The Jennifer Thompson Organization and The No Child Left Behind Initiatives, addressed the youth of Sierra Leone in celebration of International Youth Day 2024. The event focused on the global theme, “From Clicks to Progress: Youth Digital Pathways for Sustainable Development,” with her delivering an inspiring message that emphasized the crucial role of young people in shaping the nation’s future.

In her speech, Jennifer Thompson expressed pride and optimism for the potential of Sierra Leone’s youth, referring to them as the “future leaders.” She highlighted the importance of the digital age, stating, “We are living in a time when technology is no longer a luxury but a necessity. It has the power to connect us, educate us and empower us. For Sierra Leone, the digital world offers an unprecedented opportunity to leapfrog challenges and build a sustainable future.”

The Philanthropist and Chief Executive Officer urged the youth to view technology as a tool for innovation, education and economic growth, encouraging them to harness the power of the internet, coding, data analysis and social media to create solutions for the challenges the country faces in health, education, agriculture and governance.

She called on the youth to think beyond traditional paths and explore how technology can help them create businesses that solve local problems. “Whether it’s a mobile app that improves access to healthcare, an online platform that connects farmers to markets or a digital campaign that raises awareness about environmental sustainability, innovation is within your reach,” she said.

Jennifer Thompson also emphasized the importance of education and skill development in the digital era, urging young people to learn new skills online, take courses in coding, digital marketing or data science and equip themselves with the tools to compete on a global scale. “In a world driven by technology, your skills are your currency. The sky is the limit,” she added.

For those involved in advocacy and social change, she highlighted the power of social media and digital platforms in giving the youth a voice to advocate for change and hold leaders accountable.

Jennifer Thompson encouraged them to use these platforms not just for entertainment, but as tools to organize, educate and inspire, advocating for policies that promote sustainability, equity and justice.

She stressed the importance of collaboration and global connectivity in achieving sustainable development, urging the youth to connect with like-minded individuals, organizations and experts across the globe. “Sustainable development is not an individual effort but a collective one. Together, you can build a network of change-makers who are committed to a better world,” she stated.

Concluding her speech, Thompson reminded the youth that technology is only as powerful as the hands that wield it. “You are the force behind the digital tools, and it is your creativity, your passion, and your dedication that will determine how effectively we use them,” she said.

The Philanthropist and Chief Executive Officer’s message was clear: the future of Sierra Leone is in the hands of its youth. She urged them to walk boldly on the digital pathway, innovate, educate, advocate and collaborate, working together to build a Sierra Leone that is not only prosperous but also sustainable—a beacon of hope for the rest of the world.

Exposed: The Deceit Behind Fawaz Building Material and Randlyn Holding Company

By Esther Wright

For years, the Proprietor of Fawaz Building Materials and Randlyn Holding Company has been deceiving the National Revenue Authority (NRA) by grossly abusing the duty-free system meant for road construction companies and dubious construction projects. This blatant misuse of Government provisions is a call for the NRA, Anti-Corruption Commission and the Government to conduct a thorough audit of his cement, iron rods and building material imports.

Operating under the guise of a legitimate business, he has been importing these products through the duty-free system, evading taxes and exploiting Sierra Leoneans by selling at exorbitant prices. The cement he imports is less than the stated 50kg and the iron rods are undersized, defrauding everyday citizens with substandard products.

But his deceit doesn’t end there. This individual is notorious for going around calling others names while failing to look in the mirror himself. He constantly enters partnerships with various people—ranging from mining licenses to Government procurement, to hotels—all with the aim of defrauding them. Once his schemes are in place, he uses the Judicial System to his advantage, boasting that he has the system “in his pocket” and that he can bribe his way through any obstacle.

His actions are not only a fraud against the Government and the people of Sierra Leone but also a threat to the integrity of the country’s legal and financial systems. It’s time to say enough is enough. In the coming days and weeks, more will be revealed about his extensive criminal network. His financing sources are linked to dangerous terrorist groups in the Middle East, involved in laundering and spreading illicit funds. This is not just a fraudster defrauding the Government and the people—he is a threat to national security.

Stay tuned for more as we delve deeper into the criminal enterprise of this petty criminal-turned-businessman, whose illegal activities have been hiding in plain sight for far too long.

Road Maintenance Wellington-Masiaka Highway constructed by CRSG Case Study

The Wellington-Masiaka Highway which was constructed by China Railway Seventh Group (SL) Co., Ltd. (CRSG) since 2016 has been carefully managed by the company in order to ensure smooth and safe route to all road users. Despite of its efforts, there have been unforeseen circumstances that have greatly contributed to causing short lifespan to the road.

Generally, the issue of damage to the road infrastructure is not new in this country and other places in the world. In Sierra Leone, damage to our roads often occur in the rainy season. Citizens are very quick in placing blame on poor road construction as the major factor.

The claim by some citizens is far from the truth. The road organization has carried the blame for the whole of time.

The realities in this country are as follows:

  1. Heavy rainfall in the rainy season. In Freetown as in other parts of the country the rainfall is one of the highest in west Africa. The rainfall is so heavy in the month of July and August that the drains are over flooded and rain water finds its way on the road carriageway. According to statistics, the rainfall along the Wellington-Masiaka Highway reached a shocking 983 mm in July 2024, which is far more than the 627 mm recorded in July 2023. The effect of flooding is one of the main causes of road damage. Flooding could be seen in nearly all parts of Freetown.
  2. Freetown and its environs have a very peculiar terrain. It has a mountain range on one side and the Atlantic Ocean on the other. The mountains of Freetown have witness deforestation as a result of building construction etc. and thus disturbing the soil.

In the event of heavy rains the disturbed soil is eroded and move downwards to the city. The silt (mud) fills the drains and thus increase flooding and subsequent damage not only to roads but also to buildings, etc.

  1. The human effect is very crucial. Some of the citizens are using the road drainage system as a dust bin thus blocking the drains. This effect enhances more flooding. Citizens are not obeying the government regulations is another major factor. The excavation of embankment and cuttings for the construction of buildings within the right-of-way is very evident along the Wellington-Masiaka Highway. They sometimes undermine the road carriageway and slopes. The violation of the right-of-way not only destroys the road itself, but also poses a great threat to the road traffic safety.
  2. Overloaded heavy vehicles and increased in the volume of heavy vehicles on our roads have done severe damage to the road infrastructure. Road destruction is related to the volume of heavy traffic including the overloaded ones. The effect of the road damage shows itself in the form of potholes and failure at major intersection.
  3. In some countries in the world including African countries there are overload charges levied on trucks that exceed the stipulated government (design) load.

Sierra Leone has not levied in overload charges as a way of reducing the financial burden on its citizens. The above discussion will be properly understood if we take an example – the Wellington-Masiaka Highway.

This highway is the major road connecting the city of Freetown to the interior of the country. A visual inspection of this road depicts the following:

a) Very heavy and overloaded trucks and trailers plying the road thus causing severe damage to the carriageway potholes and deformation.

b) From Wellington to Masiaka citizens are busy excavating into cuttings and embankments and sometimes extending it to the road drainage and carriageway. This has encouraged mudslide and heavy washing of mud on the road carriageway.

c) One could also see household garbages on the side of this road. It does not only give an unsightly effect but affects the drainage system on the road.

d) One could clearly see the excessive turning, breaking, abrupt stopping and parking of vehicles for commercial purpose including heavy overloaded vehicles at major junctions. All vehicles that concentrated in one lane abandoned the original two-way traffic of four lanes road at the junctions and squeezed into two lanes which resulting traffic congestion. The frequent braking and starting of vehicles cause the remaining lanes to suffer enormous pressure several times higher than normal traffic. These high conflict locations exhibit potholes and deformation of pavement.

The honest analysis of these problems requires twenty-four hours care of the road. This is being religiously done by the contractor CRSG. After every heavy rain, the maintenance team of the company will check the road conditions along the whole line, and timely clean up the rain-washed and congested ditches, road silt and garbage to ensure that the road continues to be smooth, they have followed the prescription (maintenance schedule) developed by their company and approved by government through the Sierra Leone Road Authority.

At junctions where potholes have been created due to the above reasons, the maintenance team will use high strength concreted materials to repair the road surface, which is strong and durable, rather than the traditional methods of residents using simple materials to fill the potholes. Due to the timely and careful maintenance and responsible solution of many road problems by CRSG, the Wellington-Masiaka Highway remains one of the best roads in Sierra Leone.

It is obvious to commuters on this road that CRSG are constantly undertaking road maintenance activities which is the required engineering solution.

However, it remains with the citizenry of the country to ensure that they stop all illegal activities such as excavating, cuttings and embankments, throwing garbages on the side walk and drainage system, etc.

It is good for citizens to raise concerns but it is equally important to give praise where it is due.

Let us don’t forget the great reduction of accident, travel time and vehicle wear and tear this road has brought to us. The numerous developments now taking place along the road corridor and the enhancement of accessibility to transportation safety, health care, education and generation of commerce and trade.

The few potholes deformation, drainage cleaning, brushing etc. are done promptly.

Court Martial Ruling… 24 Soldiers Sentenced Up to 120 Years Over November 26 Coup Attempt

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By Amin Kef (Ranger)

The Freetown High Court has on Friday August 9, 2024 concluded an extensive eight-month trial involving 26 military officers accused of participating in the November 2023 coup attempt. Judge Advocate Mark Ngegba pronounced severe sentences for the convicted officers, with 24 of them receiving prison terms of up to 120 years each. These sentences will run concurrently.

The court martial, overseen by President Captain Lawrence Jabati and a six-member Board delivered a verdict of guilty for 24 of the accused, while the 19th defendant, RSLAF Woi Sitta Dumbuya, was acquitted and discharged. He had faced multiple charges, including conspiracy to commit mutiny and conduct prejudicing military discipline, but was found not guilty on all counts.

  1. Sergeant Ibrahim Bundu Kamara (2nd accused) was found guilty on all 19 counts and sentenced to a maximum jail term of 120 years.
  2. Staff Sergeant Albert Bassie Conteh (3rd accused) found guilty on all 29 counts and sentenced to maximum jail term of 120 years.
  3. Staff Sergeant Abu Dauda (4th accused): Guilty on all 32 counts. Maximum jail term of 120 years.
  4. Corporal Thalie Marah (5th accused): Guilty on all 44 counts. Maximum jail term of 120 years.
  5. Corporal Edward Koroma (6th accused): Guilty on all 14 counts. Maximum jail term of 120 years.
  6. Sergeant Mohamed Kamara (7th accused): Guilty on all 16 counts. Maximum jail term of 80 years.
  7. Lance Corporal Eustace Neka (8th accused): Guilty on all 31 counts. Maximum jail term of 120 years.
  8. Staff Sergeant Idrissa Kallon (9th accused): Guilty on all 39 counts. Maximum jail term of 120 years.
  9. Corporal John Turay (10th accused): Guilty on all 16 counts. Maximum jail term of 80 years.
  10. Corporal Aiah Gbenda (11th accused): Guilty on all 7 counts. Maximum jail term of 70 years.
  11. Corporal Alie Kamara (12th accused): Guilty on all 11 counts. Maximum jail term of 120 years.
  12. Lance Corporal Musa Maligie (13th accused): Guilty on all 40 counts. Maximum jail term of 120 years.
  13. Private Abdul Razack Kamara (14th accused): Guilty on all 40 counts. Maximum jail term of 120 years.
  14. Sergeant Momoh Kargbo (15th accused): Guilty on all 41 counts. Maximum jail term of 100 years.
  15. Warrant Officer Class 2 Philip Adikalie Turay (16th accused): Guilty on all 9 counts. Maximum jail term of 80 years.
  16. Lieutenant Colonel Charles James Mishek Yamba (17th accused): Guilty on all 6 counts. Maximum jail term of 120 years.
  17. Warrant Officer Class 1 Sitta Dumbuya (19th accused): Not guilty on all 4 counts. Acquitted and discharged.
  18. Sergeant Kemoh Fofanah (20th accused): Guilty on all 18 counts. Maximum jail term of 120 years.
  19. Staff Sergeant Ibrahim Thorlu Bangura (21st accused): Guilty on all 40 counts. Maximum jail term of 120 years.
  20. Warrant Officer Class 2 Alpha Turay (22nd accused): Guilty on all 7 counts. Maximum jail term of 120 years.
  21. Corporal Abu Bakarr Turay (23rd accused): Guilty on all 5 counts. Maximum jail term of 90 years.
  22. Sergeant Rashid Koroma (24th accused): Guilty on all 5 counts. Maximum jail term of 90 years.
  23. Sergeant Omar Fayiah Lebbie (25th accused): Guilty on all 5 counts. Maximum jail term of 50 years.
  24. Lance Corporal Hassan Sesay (26th accused): Guilty on all 5 counts. Maximum jail term of 80 years.
  25. Lance Corporal Abu Samuel Kamara (27th accused): Guilty on all 6 counts. Maximum jail term of 80 years.

The Court Martial, which began on January 8, 2024, initially involved 27 defendants facing 88 charges. All accused, except Staff Sergeant Alhaji Koroma (1st accused), pleaded not guilty. He admitted guilt to nine charges, leading to a 30-year prison term for those counts, with the remaining charges dropped.

Lance Corporal Abu Bakarr Koroma (18th accused) was granted a separate trial due to a medical condition. His case will resume at a later date.

The defendants faced charges including mutiny, conspiracy to commit mutiny, murder, and aiding the enemy. The prosecution, led by YS Koroma, JAK Sesay, and Colonel MBS Kamara, presented 37 witnesses and 188 exhibits. The defense, represented by Ady Macauley, Ibrahim Bangura, Julius Kofi, and others, countered with 29 witnesses, including two unsworn statements.

The Court Martial was presided over by Judge Advocate Mark Ngegba, with Captain Lawrence Jabati and a board of seven military officers overseeing the proceedings.

This trial marks a significant chapter in Sierra Leone’s legal history, holding accountable those involved in the violent coup attempt against the government.

Lans Corporal Abubakar Koroma, was tried separately due to health issues.

The charges against the 24 convicted officers included mutiny, aiding the enemy, communication with the enemy, murder, and other serious violations. The prosecution presented a robust case with 37 witnesses and 188 exhibits. In contrast, the defense called 27 witnesses in support of the accused.

During sentencing, Defense Attorneys emphasized the defendants’ long service in the military and their family responsibilities, pleading for leniency. Despite these appeals, the court’s decision reflects the gravity of the attempted coup, which saw armed men storm the nation’s armory and a prison, resulting in the deaths of 18 security personnel.

The trial’s conclusion marks a pivotal moment in Sierra Leone’s legal and political history, holding the coup plotters accountable for their actions. The court announced that a separate trial date would be set for Lans Corporal Abubakar Koroma due to his ongoing health condition.

The November 2023 coup attempt led to a significant security crisis in Sierra Leone. Armed insurgents breached military and prison facilities, leading to the release of over 2,000 inmates and the deaths of numerous security personnel. Authorities apprehended around 80 suspects, including former President Ernest Bai Koroma, who was later granted medical leave. The court’s decision follows the recent sentencing of 11 civilians involved in the coup, with alleged leader Amadu Koita Makalo receiving a 182-year prison term.

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