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Sierra
Leone offers many investment opportunities that can yield
reasonable rates of return. We will explore a few sectors here
but an investor would need to provide more focus to be able to
get the benefits of in depth analysis as a country we are very
keen to move up the value chain into Semi-processing and
Full-processing.
Agriculture
Only 20%
of total arable land (5mn Ha) is under cultivation. Traditional
crops include rice, cassava, palm fruit, cocoa and coffee
Robusta. Coffee production is well below pre-war levels and
there is scope to increase local production and export. Cashew
and Ginger production is growing and we have begun to see some
exporting taking place.
Agri-Processing
There is
little processing of any produce. Cassava and Ginger offer
strong opportunities. Cocoa processing led to exports of cocoa
powder and cocoa butter prior to the war. Plant is now defunct
and is reduced to land and building. Only one fully mechanized
palm kernel oil mill in operation. SL also produces high quality
Red Palm Oil.
Fruit
canning
Mango
juicing and Puree is an easy win. Other tropical fruit
opportunities.
Fishing
At it's
height, fishing was a $300 million industry. Recent reinvestment
by Sierra Fisheries has lifted regulatory and opened up the EU
market opportunity. Strong shrimping and Tuna opportunities.
Fisheries
processing
Refrigeration, mealing, canning.
There is a
100Mn World Bank Project for the establishment of a fisheries
harbour. There is also a need to marine surveillance and
fisheries protection
Mining
Only one
of about 4 identified
Kimberlite
pipes s currently in production.
Gold,
Coltan, Bauxite, Platinum, Iron Ore all available in
commercially viable quantities.
Tourism
Eco
Tourism potential. 28 miles of Sandy beaches make the Freetown
Peninsula an attractive destination. Few hotels. Gaming license
can be available.
Mammy Yoko
a 200 bed hotel. close to the City of Freetown will be up for
grabs in 2007pill
Oil
exploration
Several
off shore oil concessions are on auction.
Water
production
Drinking
water will become the most sought after resource by 2020. It
already commands more per liter than Coke and other Soft drinks
of which it is a major input. SL has significant water resources
which are virgin and a high margin opportunity.
Home
building
Affordable
Housing Construction and Mortgage Financing.
Construction financing
Ports
Management
The main
port on Freetown needs to be privatized. There is also s
secondary port in Gniti which is to be privatized. Can be used
for Cargo in to the provinces and mineral exports.
Divestitures
Share of
stake in Sierra Rutile and Koidu Holdings.
Power
generation
Independent power producer licenses will be available. Preferred
investors will be allowed to Generate, Transmit, Distribute and
Bill in specific high priority markets and segments.
Oil
Bunkering
Oil
storage Tanks and Jetty’s are available to support Trans
Atlantic Traffico
Airport
Management
A key
priority is to upgrade airport management and security in order
to gain access to lucrative US Market. Sierra Leone makes a
great transfer hub between Europe, Africa and the Americas.
National
Air Carrier
We will be
willing to look at favourably at any proposals which offer a
restructuring of our national pride.
Banking
Majority
share of SLCB will be put up for sale. Preferred parties can
look forward to significant deposits.
Insurance
The assets
of National insurance company are available. The Company will
remain the preferred provider of government assets for a period
of time. It will also be given access to special investment
opportunities.
Sanitation
Contract
for sanitation in Freetown including direct revenue collection
dispensation.
Telecoms
Liberalisation of Spectrum management. Sale of Sierra Tel.
NRA
- Audit Services
Currency
Printing
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