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In a significant economic boost for Sierra Leone, Minister of Trade and Industry Ibrahim Alpha Sesay confirmed during the weekly press briefing that over ten factories have committed to investing a total of $428 million in the country.
These investments are expected to create 2,300 direct jobs, aligning with President Julius Maada Bio’s “Big Five Game Changers” initiative aimed at transforming key sectors of the national economy.
The factory investments span a variety of industries, including manufacturing and agribusiness, as the government seeks to reduce Sierra Leone’s dependence on imports, strengthen domestic production, and support local job creation. “This influx of capital will spur economic growth and enhance Sierra Leone’s self-sufficiency,” Minister Sesay stated.
This development is the latest outcome of the Big Five Game Changers plan, which was designed to prioritize advancements in trade, agriculture, tourism, energy, and human capital development. President Bio’s administration has set ambitious goals under the initiative, including fostering an enabling environment for foreign and domestic investors. The factories are expected to further Sierra Leone’s goal of sustainable industrialization, ultimately benefiting the country’s long-term economic stability.
The announcement marks a pivotal step toward the government’s broader economic goals and is anticipated to provide much-needed employment opportunities across the nation.
Good news and thanks to the leadership, we hope fair, and transparent and equal treatment to all citizens to access the jobs easily.
We are hopeful this dream goes through, as this will make Sierra Leoneans proud and contribute to the global economy and growth