Trade


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Private Sector Development


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Investment & Export Promotion


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Cooperatives


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Key Departments/Agencies  

Latest News & Articles

18May

South Africa Plans Big Investment in Sierra Leone

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A high power delegation from the Department of Trade and Industry in South Africa has expressed great concern to invest in Sierra Leone. The delegation comprising three ladies made this disclosure at a press conference held at the South Africa Consular office, Siaka Stevens Street, Freetown after they successfully completed a week long fact finding mission in Sierra Leone.

18May

Sierra Leone beats Ghana as West Africa’s economy grows 6.9% in 2012

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West Africa’s economy grew at a rate of 6.9% during the year 2012, an increase of over 5.9% in 2011, regional bloc ECOWAS announced March 1, 2013. Sierra Leone recorded the highest economic growth rate ahead of Ghana and other countries in the sub-region. Of the 15 ECOWAS countries, Sierra Leone recorded the highest economic growth rate of 18.3% compared to the expected rate of 8% for Burkina Faso, Ivory Coast, Ghana, Liberia and Niger, while Mali recorded a recession, the report indicated.

Lastest Policies

SME Policy

In Sierra Leone, there is now an obvious economic, social and political willingness to promote the emergence of a strong sector of small and medium enterprises (SMEs), with the twin objectives of fostering the development of indigenous entrepreneurship and re-inforcing employment creation in the modern sector.
This policy document is therefore designed to unlock the potential of Sierra Leone’s SMEs. It is based on the knowledge that there is no shortage of enterprising endeavour in the country, and that the present development of the sector is a legacy of our past, accentuated by the long civil conflict (1991-2003), which has left SMEs poorly placed to take advantage of opportunities for growth and development.


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Trade Policy

Trade is critical to the development of the Sierra Leone economy. It plays a crucial role in reducing poverty as it directly affects the poor’s levels of income and employment, and the prices they face as both consumers and producers. Trade can also affect poverty indirectly by stimulating economic growth and its linkage effects and dynamic processes, and through the impact on government revenues and expenditures that affect the poor. Recognizing this, the Government of Sierra Leone has made promotion of trade a core aspect of its Vision and its poverty reduction strategy.

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National Export Strategy

Sierra Leone’s traditional exports have been diamonds, gold, rutile, bauxite, fish, shrimps, cocoa and coffee, ginger, rice and palm kernel. The 1991-2002 civil conflict resulted in a decline of the national export performance in terms of production volumes and quality issues. Sierra Leone relies on its exports for generating domestic revenue, provision of foreign exchange for the banking system and reduction of the balance of payments deficit.

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Local Content Policy

The Government’s development objectives are focused on supporting the private sector in Sierra Leone which is considered to be the engine of growth for the overall economic development of the Country. Through wide-ranging legal and policy reforms, the Government seeks to create an environment that promotes the development of the private sector. Efforts are also being made to address the challenges that are faced by entrepreneurs including lack of access to finance and entrepreneurial skills development particularly amongst the small and medium enterprises.


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