 cotton_tree2 Beauty of freetown |  freetown This\'s real Siera |  Freetown-Sierra-Leone It's good to have City back |
 Cotton_Tree The beaut y of Africa |
 sierra_leone Good time In my City |  beckham1 Becks in Siera Leone |  United-for-Humanity Was in Siera Leone |
Bussines in Siera Leone
Economy
The government participates in the Kimberly Diamond Certification Process, which aims to combat trade in conflict diamonds. It also participates in the Extractive Industry Transparency Initiative, which seeks to improve the management of mineral resources by publishing information on government revenues from natural resources. Changes to the structure of the Ministry of Mines are planned and the government intends to consolidate regulations.Sierra Leone possesses one of the largest rutile reserves in the world as well as significant bauxite reserves, and prior to the war they were the largest contributors to tax revenue (40 per cent and 20 per cent, respectively). Having been suspended in 1995, rutile and bauxite mining operations resumed in 2006 although rutile production was scaled down in 2008 following the collapse of one of the two dredges used to mine the mineral. Other identified minerals in Sierra Leone include gold, iron ore, platinum, chromite, lignite, clay, copper, nickel, molybdenum, lead and zinc. Gold is currently mined and a contract has been signed to commence iron ore mining.
The mining sector in Sierra Leone faces several challenges ranging from the legal and regulatory framework, capacity constraints, and environmental, health and child-labour concerns. It needs both to attract and retain more foreign investment while also ensuring that a share of the profits benefit the wider population and the communities in the vicinity of the mines.
Despite the onset of the global recession towards the end of 2008, real GDP increased 5.4 per cent in 2008, with 6.3 per cent and 5.5 per cent
growth anticipated for 2009 and 2010, respectively.
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Politic in Sierra Leone
Sierra Leone has made significant political gains since the end of its devastating 1991-2001 civil war, including holding two peaceful post-war elections in 2002 and 2007. The opposition All People's Congress (APC) won the 2007 presidential and constituency elections, leading to the investiture of President Ernest Koroma. A relatively vibrant civil society and mass media have emerged. Some 50 newspapers are published daily or weekly while many private radio stations are operative. The Anti-Corruption Act adopted in September 2008 greatly boosted the powers of the Anti-Corruption Commission (ACC). The new law integrates both local and international statutes on fighting corruption, including those enshrined in the UN Convention against Corruption and the African Union's Convention on Preventing and Combating Corruption. The government has recently announced that an inquiry will be conducted into the financial malpractices committed by the previous regime. |
What Do you think about politic situation in Siera Leone?Your commentsI believe the political situation days after days It's better then before. Now we can go around without fear. There's nothing better then peace |
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Top Hotels
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Place to visit
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Internet Access
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Not to miss to see
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Your commentsMy Country is still recovering for scare of war. But still nice place to visit if come to Siera Leone It's still long way to have tourist industry. Because of mines in Country fields. |