The Sierra Leone Investment and Export Promotion Agency (SLIEPA) has updated the media on strides it is taking to promote investment for economic growth as part of their post ebola economic recovery plans.
The Chief Executive Officer of SLIEPA Raymond Gbekie said since the end of Ebola the institution has been working with development partners and seeking investors for partnership.
He said Sierra Leone has been ranked as one of the top ten investment destinations around the world and they are determined to promote both foreign and domestic investment with the involvement of the private sector.
He further spoke about the sudden decline in commodity prices especially Iron Ore, which has severely affected investment decisions.
Farrel Elliott Director of Investment Promotion added that over the years the economy was heavily dependent on minerals and they are seeking new areas of investment like the Agriculture and Tourism sectors. He called for support to SLIEPA in export development and diversification of the economy.
He said currently Corporate Affairs Commission is handling 24 hours Business registration and a fast track commercial court is also in operation, to ensure a level playing field for the investors for an improved business climate.
Sharka Kawa Export Development Officer of SLIEPA spoke about the AGOA export strategy which is aimed at exporting locally made products to the American markets.
He also called on the private sector to promote diversification of investment in other sectors so as to stimulate the economy.
He said recently the Sierra Leone Investment and Export Promotion Agency held fruitful discussion with medium and large scale production companies on revitalizing the private sector after the ebola.
SLIEPA he said has also signed some Memorandum of Understandings with Sewa Farm, Sierra Tropical and partnership with Australia Africa Chamber of Commerce and the African Development Bank to promote key sectors of growth.
Monday July 18, 2016
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