Photo: Tamika D. Payne
Investors typically take a wait-and-see approach to elections in Africa. And things are no different in Sierre Leone, which holds a presidential poll on Saturday, in its third election since its civil war.
There’s a lot at stake for the small West African nation looking to move beyond its bloody past – and for the energy and mining companies eyeing its natural resources. Continue reading »
Sierra Leone made news earlier this year as officials boasted of a 32 per cent jump in GDP growth, buoyed by iron ore exports. But don’t break out the local ginger beer just yet.
IMF officials are bracing for see lower-than-expected GDP growth in 2012, as production estimates from African Minerals have been revised downward, according to the Fund’s representative Francis Kumah. Continue reading »
It’s rainy season in Sierra Leone, but officials here aren’t at all gloomy when it comes to economic forecasts.
The country’s GDP is expected to grow by a sky-high 32.5 per cent in 2012. That’s revised down a few notches from the 35.9 per cent reported by the IMF earlier this year. However, growth might be a bit more down-to-earth in 2013. Continue reading »