By Mohamedj.bah@awokonespaper.sl
Freetown, SIERRA LEONE – The Minister of Trade and Industry, Ibrahim Alpha Sesay, addressed a delegation of Nigerian investors currently on an investor site visit program in Sierra Leone. Representing eight Nigerian companies with interests spanning agribusiness and manufacturing, these investors have been hosted in the country by the Sierra Leone Investment and Export Promotion Agency (SLIEPA) since May 5th, with their visit slated to conclude on May 8th, as confirmed by Joy Priya, WAVTEQ Consultant to SLIEPA.
During a meeting held at the Atlantic Lumley Hotel in Aberdeen, Freetown, Minister Sesay emphasized the government’s commitment to promoting trade and attracting investments to foster prosperity in Sierra Leone. He highlighted the country’s burgeoning opportunities in the blue economy, encouraging investors to explore and invest in this sector.
CEO of SLIEPA, Sheku Lexmond Koroma, underscored the significance of the visit as an opportunity to showcase the country’s potential and facilitate meaningful connections between investors and local businesses. He expressed optimism that the investors would gain valuable insights into Sierra Leone’s culture, values, and vision for the future, as well as meeting with local entrepreneurs, industry leaders, and government officials to understand the regulatory landscape.
Koroma assured the investors that Sierra Leone offers opportunities across various sectors, including agriculture, manufacturing, infrastructure, and technology, emphasizing SLIEPA’s commitment to facilitating a seamless investment journey.
Executive Director of the National Investment Board (NIB), Edward Hinga Sandy, elucidated on NIB’s role in creating an enabling environment and coordinating investments to bolster Sierra Leone’s position as a prime investment destination.
Kalu Abosi, representing stakeholders in manufacturing and ICT, expressed their eagerness to explore the diverse business opportunities available in Sierra Leone. He highlighted the potential in agriculture, manufacturing, and information technology, affirming their intention to leverage Sierra Leone’s green and ripe landscape for investment.
Inyene Benson, representing Ibom Agro Allied Farms Limited, echoed the sentiment, stating their interest in exploring and participating in various business ventures across Sierra Leone. Benson emphasized Sierra Leone’s resemblance to Nigeria in terms of agricultural potential and expressed intent to capitalize on the “first mover’s advantage” by strategizing and returning to engage in identified business areas.
The visit signifies a burgeoning partnership between Sierra Leone and Nigerian investors, promising mutual economic growth and development in the region. MJB/7/5/2024