The Sierra Leone Ports and Harbours Authority (SLPHA), in partnership with Freetown Terminal Limited (FTL), is set to transfer $8 million to the Government of Sierra Leone as its 20% equity share from dividends for the year ending December 31, 2025.

This payment reflects a steady rise in revenue performance by the Authority. In recent years, SLPHA has increased its contributions, remitting $4 million in 2023 and $7 million in 2024, with the latest $8 million marking continued growth.

Reports also show that since 2023, the Authority has paid over $11 million in concession fees, highlighting improved financial stability. These gains have been attributed to reforms introduced under Director General Yankuba Askia Bio, including the modernization and digitalization of port operations, which have boosted efficiency and revenue generation.

The funds contributed to government are expected to support key national development priorities such as infrastructure, maritime security, and public service delivery. SLPHA was also recognized as the top-performing agency under the Ministry of Transport and Aviation during the 2025 mid-term performance review.

In addition, the government, through SLPHA, is undertaking a $25 million rehabilitation of berths 3, 4, 5, and 6 at the Freetown Port. The project is being financed by Freetown Terminal Limited as part of its concession agreement.