The National Investment Board (NIB) of Sierra Leone recently held a strategic meeting with a team of Indian investors on a scoping mission to explore potential opportunities in the country.
The discussions, which took place at the Youyi Building in Freetown, focused on strengthening Sierra Leone’s position as a prime destination for foreign direct investment (FDI).
Deputy Minister of Mines and Mineral Resources, Umaru Napoleon Koroma, welcomed the delegation, emphasizing the government’s dedication to fostering private sector partnerships to drive economic transformation.
He highlighted the pivotal role of the NIB, chaired by President Julius Maada Bio and Vice President Mohamed Juldeh Jalloh, in advancing Sierra Leone’s investment agenda.
Dr. Edward Hinga Sandy, Executive Director of the NIB, provided an in-depth presentation on Sierra Leone’s investment landscape, showcasing opportunities across various sectors such as agriculture, mining, and manufacturing.
He underscored the country’s advantageous trade agreements, which grant duty-free access to international markets, and reassured investors of government policies designed to create a business-friendly environment.
“Our vision is to build a mutually beneficial partnership with investors who recognize the potential Sierra Leone holds,” said Dr. Sandy. “We are committed to ensuring that investments contribute to economic growth while creating meaningful opportunities for our people.
“Dr. Opesh, head of the Indian delegation, expressed gratitude for the warm reception and noted the potential for collaboration in key sectors.
“Sierra Leone offers promising opportunities that align with our vision for sustainable investments. We look forward to exploring these possibilities further,” he remarked.
The meeting marked a significant step in Sierra Leone’s efforts to attract international investment and foster economic development. Both parties expressed optimism about future engagements that will strengthen bilateral relations and contribute to the country’s long-term growth.
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