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AfricaBiz

Africa Business News

Sierra Leone Tender and Business News

Union Trust Bank Sierra Leone Receives $3M Line of Credit from AfDB

Union Trust Bank Sierra Leone (UTB) has received a new line of credit of US $3M from the African Development Bank. The funds are intended to finance projects and enterprises in targeted sectors such as agriculture, energy, manufacturing and services, with particular emphasis on women-owned businesses.

New Plan Rolling Out to Halt Spread of Fall Army Worm in Southern Africa

The fall army worm has expanded so rapidly in southern Africa that its presence is behind a cut in this year's regional maize harvest forecast by up to 10 percent. A new multi-part plan to increase surveillance and research to contain the worm may help push back the agricultural menace.

Zambia Urged to Stay With The International Criminal Court

A group of African organizations and international NGOs with a presence in Africa are urging Zambia to reaffirm its membership in the International Criminal Court. They do so saying it is the best way to advance justice for victims of atrocities.

Emerging-Market Funder IFC Holds Sierra Leone Event on Women's Inclusion

Washington, D.C. based IFC, part of the World Bank Group, held an event to mark International Women's Day, in Freetown, Sierra Leone. It held training to encourage companies it invests in to bring on women in senior management and boardroom positions, as part of its strategy to promote gender diversity and inclusion, and strengthen the country's economy.

Onlime SL One of First Telecoms to Leverage Sierra Leone's Expanded VoIP Laws

Recent legislation by the Government of Sierra Leone to open up the telecom sector to more competition now allows the use of VoIP for both national as well as international phone communications. Onlime SL, a subsidiary of UK-based Onlime (at www.onlime.com), has moved in fast on the opportunity, and just announced the launch of its all-new and exciting VoIP service for the first time in Sierra Leone.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.

OPIC Visits West Africa to Discuss New Business Investment Opportunities

The Overseas Private Investment Corporation (OPIC), a U.S. government development finance institution, recently brought a delegation of OPIC, U.S. government and other international executives to West Africa. The purpose was to meet with government and business leaders to discuss investments, now that the Ebola crisis has eased and local economies are reboujnding.

More Help Needed to Deal with Food Insecurity in the Wake of El Niño

United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.

NGO Pledges $500 Million Towards Sustainable Development Goals

CMMB -Healthier Lives Worldwide– a leading international nonprofit health non-governmental organisation (NGO) – has pledged 500 million dollars to help implement the UN’s Sustainable Development Goals (SDGs)– with a specific focus on maternal, newborn, child and adolescent health.

RMB Reaches Nearly 40% Adoption Across Financial Institutions Worldwide

SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.

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