The Bank of Sierra Leone has increased its Monetary Policy Rate (MPR) by 0.25 percentage points to 17.0 percent, citing rising inflationary pressures and heightened global uncertainty driven by geopolitical...
The Bank of Sierra Leone (BSL) has provided detailed reasons behind the resolution of Union Trust Bank Limited (UTB), describing the move as a necessary regulatory intervention aimed at protecting depositors,...
Union Trust Bank (UTB) has officially ceased operations, with Rokel Commercial Bank (RCB) completing its acquisition of the struggling indigenous bank on June 17, 2026. The Bank of Sierra Leone (BSL)...
The Bank of Sierra Leone has signed a Memorandum of Understanding (MoU) with the International Growth Centre (IGC) to strengthen collaboration on economic research, policy analysis, and evidence-based...
A new report by the Center for Africa Financial Inclusion and Advancement (CAFIA) has revealed that more than one in three small businesses in Freetown operate without a bank account, underscoring persistent...
Sierra Leone’s Minister of Finance, Sheku Ahmed Fantamadi Bangura, is leading a high-level delegation to the 2026 Spring Meetings of the International Monetary Fund and World Bank Group in Washington,...
The Bank of Sierra Leone has kept its Monetary Policy Rate (MPR) unchanged at 16.75 percent, citing rising inflation and growing external risks from the ongoing United States-Israel-Iran war, while noting...
The government of Sierra Leone is set to drastically cut its government foreign exchange (FX) spending to halt the rapid depletion of its international reserves, as part of new austerity measures backed...
The Human Rights Commission of Sierra Leone (HRCSL) has called on the government to approve its proposed annual one-off budget disbursement at the start of each year, a move aimed at enhancing the Commission’s...
The Sierra Leone Parliament has approved 11 presidential Nominees for key development roles. The approvals were made on Friday, December 19. The Fifth Report of the Committee on Appointments and the...
