African Governments Depends On Domestic Borrowing

By: Edward Dictionary Caulker Abebe Aemro Selassie, Director of the African Department at the International Monetary Fund (IMF), addressed the importance of domestic borrowing for African governments during his keynote speech at the Africa Economic Symposium (AES) in Rabat, Morocco. Under the theme “Fostering Africa’s Economic Transformation through Innovative Financing,” Selassie pointed out the limitations…

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Finance Minister Urges Stronger IDA Support for Africa

At the ministerial event on October 23, 2024, Finance Minister Sheku A. F. Bangura addressed the IDA 21 meeting, titled “Delivering Results at a Time of Crisis,” alongside the IMF/World Bank Annual Meetings. This gathering of IDA donors and financial experts focused on building partnerships ahead of the replenishment conference in Seoul. Minister Bangura stressed…

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President Bio Encourages Local Engagement in Medium-Term National Development Plan

By: Edward Dictionary Caulker In a vibrant ceremony held at the Moyamba District Council Hall in the Southern Region on Wednesday, July 10, 2024, President Dr. Julius Maada Bio formally launched the decentralization and popularization of Sierra Leone’s Medium-Term National Development Plan (MTNDP) 2024-2030. The President assured attendees that the Government is committed to prioritizing…

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SLCB Director Addresses Unjustified Loans in 2022 Audit

Recent scrutiny by the Public Accounts Committee has highlighted concerns over Sierra Leone Commercial Bank’s (SLCB) loan practices, particularly regarding politically exposed persons (PEPs). An audit revealed loans totaling SLE 41,448,000 disbursed to PEPs by December 31, 2022, without clear policies in place. In response, Victor Thomas Biandoma, Esq., SLCB’s Director of Corporate Affairs, defended…

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Nigeria Unveils Standards to Combat Micronutrient Deficiencies

Nigeria is launching a new code of standards this week to fortify stock cubes with four essential micronutrients—iron, zinc, folic acid, and vitamin B12. This initiative aims to address widespread malnutrition and “hidden hunger” by enhancing the nutritional value of a commonly used seasoning. Dr. Augustine Okoruwa of Hellen Keller International emphasizes that fortification is…

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UNICEF: 46.5% of Sierra Leonean Children Use Unsafe Latrines

A recent UNICEF report reveals that 46.5% of children in Sierra Leone use unsafe latrine platforms, highlighting significant Water, Sanitation, and Hygiene (WASH) challenges. The report is part of a larger analysis on adolescent issues in the country, examining problems like adolescent pregnancy, child marriage, education access, and the effects of climate change. WASH-related issues,…

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