Business

OWLPRESS > News > Business

Business

QCell Maintains Cheapest Tariff- Customers Praise

By Owl
20 April 2022

By Francis Kamara In the wake of frequent increases in the prices of fuel and basic amenities including food items, the average Sierra Leone is facing economic...

Real Mack Ltd Opens New Office at Brima Lane

Business

Real Mack SL Ltd Opens New Office at Brima Lane

By Owl
20 April 2022

Real Mack (SL) LTD has on April 19th, 2022, officially opened a brand-new center at Brima Lane in the East of Freetown. Our new operational branch will...

Business

As They Celebrate 2022 World Autism Awareness… ORANGE-SL Launches Autism Helpline

By Dauda Musa Bangura
11 April 2022

By Francis Kamara On Friday 8th April, 2022, Orange Foundation and Orange telecommunication, joined the commemoration to show solidarity and support to children living with Autism. It...

Business

As Muslims Observe Ramadan… Orange SL Provides Jammah Sunnakati to Communities

By Dauda Musa Bangura
6 April 2022

By Alhaji Dauda Sierra Leone’s foremost telecommunications giant, Orange SL has once again started its annual Ramadan Sunnakati support to Muslim communities across the country. Its first...

Orange SL Splashes 150m to 3 winners

By Dauda Musa Bangura
3 April 2022

By Alie Abdis Turay Orange SL on Thursday 15th July 2021 handed over at their headquarters in Freetown cheques totalling one hundred and fifty million leone (Le...

Freetown, Sierra Leone, March 31, 2022— An investment from IFC and GAFSP announced today in Kings Beverages, a Sierra Leonean producer of soft drinks and fruit juices, will help the company boost production, create jobs, and strengthen local agriculture value chains through increased sourcing from local farmers. The $5 million loan, which includes $2.5 million from IFC and $2.5 million from GAFSP, the Global Agriculture Food and Security Program, will enable Kings to complete construction of its factory in Freetown, introduce new fruit juice products, and double its number of employees to 250 over the next three years. The company, which runs Sierra Leone’s largest automated beverage plant, will also increase its sourcing from 40 to 150 local fruit farmers by 2025. The expansion is also projected to create 2,600 induced and indirect jobs throughout the agriculture value chain in Sierra Leone. IFC will complement its investment—its first in Sierra Leone’s agribusiness sector—with advisory services to strengthen Kings’ occupational health and safety practices, financial and social management, corporate governance, and resource-use efficiency. Additionally, IFC will help build the capacity of smallholder farmers in food safety, environmental and social standards, and productivity. “IFC’s investment gives us the long-term financing we need to build our capacity to serve the fast-growing domestic market and develop a robust supply chain for a sustainable business,” said Kishore Kumar Parwani, CEO of Kings Beverages. “IFC’s partnership with Kings Beverages will strengthen the manufacturing and agriculture sectors in Sierra Leone, creating jobs and supporting farmers. The investment reflects IFC’s commitment to helping Sierra Leone strengthen its economy after the global shock of COVID-19,” said Kyle Kelhofer, IFC’s Senior Country Manager for Sierra Leone. The agribusiness sector is especially important in Sierra Leone, employing nearly 60 percent of the country’s labor force and making a significant contribution to GDP. IFC‘s strategy in Sierra Leone includes a focus on agribusiness, energy, the financial sector, and mining and also highlights the increasing role of the digital economy in improving efficiencies and productivity.

Business

IFC to Boost Kings Beverages

By Dauda Musa Bangura
3 April 2022

Freetown, Sierra Leone, March 31, 2022— An investment from IFC and GAFSP announced today in Kings Beverages, a Sierra Leonean producer of soft drinks and fruit juices,...

Business

As FG Gold Boosts S/Leone’s GDP… LOCAL CONTENT BOSS HAILED

By Dauda Musa Bangura
28 March 2022

As FG Gold Boosts S/Leone’s GDP… LOCAL CONTENT BOSS HAILED

Business

As Freetown Experiences Blackout… OVER 720,000 NOW ENJOYING EASY SOLAR

By Dauda Musa Bangura
24 March 2022

Residents across Freetown for weeks now have been suffering for want of accessing constant electricity supply. Easy Solar is now lighting up lives with over 720,000 people...