The Dubai Chamber of Commerce International Office in Ghana has on the 18th March 2019 proposed a Memorandum of Understanding (MoU) with the Sierra Leone Investment and Export Promotion Agency (SLIEPA) as a next step to a collaborative relationship towards facilitating trade between Sierra Leone and Dubai.
A team from the Dubai Chamber of Commerce International Office in Ghana, was in Sierra Leone on a Study Mission and to extend collaborative hands to institutions, knowing that the Country is one of the key emerging markets in the West Africa Sub-region.
The MoU proposal emerged from their engagement with SLIEPA to collaborate for enabling business between Sierra Leone and Dubai, and to initiate discussion allowing the Chamber to access some Sierra Leone Companies.
Giving an over view of the Institution, the Head of Dubai Chamber Representative in Ghana, Mr. Cyril K. Darkwa, said Dubai has positioned itself as major trade hub over the years and in advancing that course, the Dubai Chamber of Commerce and Industry set up International Global Offices where Ghana hosts the West Africa Office. He said they currently have a membership of over 230,000 including companies in Africa, cutting across all sectors. “We basically look for opportunities in the respective regions. We speak with government agencies, institutions and the private sector to basically identify opportunities that could do with Dubai involvement,” he said.
According to him, the Ghana Office usually get a number of request to finance viable bankable projects. He therefore asked SLIEPA to give them bankable projects that they will introduce to financiers. He stated that there are funds in Dubai that are looking for opportunities to invest. He said, a fruitful discussion will benefit traders in Sierra Leone in terms of export to Dubai as companies in Dubai import not only for local consumption but also for re-exportations. He concluded that they hope to seeing more Sierra Leone brand products on the shores of Dubai.
In response, the Acting Director of Marketing and Communications, Mr. Francis Minah, welcomed and thanked them on behalf of the SLIEPA CEO, Mr. Sheku Lexmond Koroma. He informed them that SLIEPA is the official Agency responsible to facilitate investment and to promote export in Sierra Leone. He also assured them of SLIEPA’s support in their venture in Sierra Leone. He further said, if the Chamber succeeds in bringing investors, SLIEPA will as well facilitate their establishment and provide aftercare services to them.
Realizing that individual efforts have limitations and that interaction and collaboration with other institutions can neutralize those limitations, Mr. Minah assured the Dubai Chamber of Commerce of the readiness of SLIEPA to work towards the proposed MoU as the next step to commence the collaboration.
Mr. Hardy Jalloh, the Manager of Investment Department, thanked the Dubai Chamber of Chamber for seeking investment opportunities in Sierra Leone. He told them that SLIEPA has a long list of projects that are not bankable, but he affirmed that the Country is working hard to fix up bankable projects ready as an opportunity for investors jetting in for such projects. He said collaborating with SLIEPA to facilitate trade between Sierra Leone and Dubai is a laudable venture, because the Country is looking out for large scale investment to partner with the local investors to upmarket their operations.
© SLIEPA: Directorate of Marketing and Communication