The administration of the Investment Promotion Act 2004 was initially assigned to the Sierra Leone Export Development and Investment Corporation (SLEDIC). In 2007, this function was assigned to the Sierra Leone Investment and Export Promotion Agency (SLIEPA), following the enactment of the Investment and Export Promotion Act of 2007. The principal functions of SLIEPA are as follows:
- To promote investment opportunities in Sierra Leone and provide information to potential investors on matters relating to investments;
- To facilitate registration of business enterprises and assist investors in obtaining permits, licenses, certificates or clearances needed for the commencement of business (that is, acting as a “one-stop” centre);
- To assist potential investors in identifying joint venture partners in Sierra Leone.
- To develop relationship between public and private sector for the growth of investment