The financial sector in Sierra Leone comprises of over 15 Banks, both International and Locally owned. In Insurance, the National Social Security Insurance Trust leads the way to provide better Pension Schemes and investment programs such as Low Cost Housing service etc, Micro-finance Institutions such as Brac and Lapo finance salone are helping to shape the new emerging middle class.
With an ever increasing mobile penetration rate, bring the opportunity to introduce a new form of service: mobile payment service such as Splash, Airtel money are making sending money much more easier.
Financial services are expected to play critical role in the agenda of prosperity by providing better intermediation between saving and investments.