Post a comment 
Sierra Leone has secured nearly $2 billion in foreign direct investment (FDI) from Europe and the United States over the past three years, reflecting growing investor confidence in the country, said Chief Minister Dr. David Moinina Sengeh during a statement in London.
According to Chief Minister Sengeh, President Julius Maada Bio has directly facilitated this FDI for the private sector, with significant inflows from British International Investment, Proparco, FMO, DFC, and the IFC. Key sectors benefiting from the investment include mining, energy, agriculture, food processing, and financial services, with companies such as Miro, Jolaks, PC&Sons, FG Gold, Pure Water, Ecobank, and Planet Solar among the beneficiaries. Small and medium enterprises (SMEs) have also received technical support and capital assistance.
Sengeh outlined three major factors driving the investment growth:
1. International engagement: President Bio has actively promoted Sierra Leone at international conferences, improving the country’s image and attracting investor attention.
2. Policy and business ecosystem reforms: Initiatives such as the National Investment Board, National Land Commission, Customary Land Law, and DSTI have created a safer and more predictable environment for investors.
3. Strong economic fundamentals: Stable foreign exchange, low inflation, and predictable economic policies have bolstered investor confidence.
Sengeh added, “That’s why we are here in London to double down on our plan. We will need the private sector as partners to transform Sierra Leone. The time is now. Together, we will deliver profits for people and planet through public-private partnerships.”
