On 22nd October 2019, the Sierra Leone Investment and Export Promotion Agency (SLIEPA) highlighted Sierra Leone investment opportunities to Consult DSA.
Consult DSA is a consultancy organization based in USA that brings energy and insight to identify and solve organizational challenges using practical tools to help organizations be the best at what they do.
When explaining the purpose of the visit, Mr. Moorsi Mokuena, president of Consult DSA, said that they came on fact-finding mission to understand the Country’s investment opportunities and the priority areas of the Government of Sierra Leone. He further asked for the Country’s status in relation to the African Growth and Opportunity Act (AGOA), a scheme that allows the entering of products from low-income countries into the US Market on duty-free.
Responding to the visitors, the SLIEPA Chairman, Board of Directors, Mr. Johnathan George, welcomed and appreciated them for honoring his invitation to Sierra Leone. He said that, the Country has a conducive investment climate with numerous opportunities and it is opened to doing business with credible investors; noting that, SLIEPA would provide them the necessary information they needed and it would handhold them on to establishment and even after establishment.
The Acting SLIEPA Director of Marketing and Communications, Mr. Francis Minah, explained the formation of SLIEPA as established by an Act of parliament in 2007 to promote investment and export. He said coming through SLIEPA to invest in the Country is a wise decision as the Agency has the onus to lead them through to ensure a smooth facilitation leading to their establishment.
Explaining the existing investment opportunities, the SLIEPA Acting Director of Investment Development, Mr. Victor Bangura, stated that the National Development Plan 2019-2023 speaks to the development programs of Sierra Leone. He took them through the registration, establishment and post establishment of investments and the manner in which Government grants incentives to investors.
He also stated that, Government has diversified its focus from a more mineral exploration to agribusiness and value addition to both traditional and non-traditional commodities; for which investors are encouraged to establish processing facilities. He further highlighted other sectoral opportunities.
Giving the status of Sierra Leone in connection with the AGOA scheme, Mr. Henry Fofanah, SLIEPA Manager of Export Development, said that, the AGOA Response Strategy adopted, hard liquor, local textile, Honey and Cashew as the priority commodities identified to be exported to the US under the Scheme.
However, Mr. Mokuena, showed interest in, waste management and local textile and proposed further engagement with SLIEPA.
Other speakers included Ambassador Sullay Daramy, contact person for Consult DSA in Sierra Leone and Mr. Francis Alusine Conteh, Project Director