Doing Business in Sierra Leone

Syllabus of the Subject: Doing Business in Sierra Leone. Freetown.

1. Introduction to the Republic of Sierra Leone (West Africa)
2. Doing Business in Freetown
3. Sierra Leonean Economy
4. Foreign Trade of Sierra Leone
5. Export Procedures in Sierra Leone
6. Business and Investment Opportunities in Sierra Leone
   1. Sierra Leonean Agriculture
   2. Tourism
   3. Marine Resources
   4. Infrastructure
   5. Sierra Leonean Mining
   6. Petrol and gas
7. Foreign Direct Investment (FDI) in Sierra Leone
8. Access to the Sierra Leonean Market
9. Business Plan for Sierra Leone

The objectives of the subject “Foreign Trade and Doing Business in the Republic of Sierra Leone” are the following:

1. To analyse the Sierra Leonean economy and foreign trade
2. To evaluate the business opportunities in the Republic of Sierra Leone
3. To explore Sierra Leone's trade relations with the country of the student
4. To know Sierra Leone's Trade Agreements
5. To develop a business plan for the Sierra Leonean Market

Sample of the subject (Doing Business in Sierra Leone):

Hispano-African University of International Business

Description of the Subject (Online Learning): Doing Business in Sierra Leone.

The Republic of Sierra Leone is the fastest growing economy in West Africa.

1. Borders of Sierra Leone: Guinea-Conakry and Liberia
2. Area: 72,000 square kilometres (one of the smallest African nations)
3. Sierra Leonean population: 7 million people
4. Capital: Freetown (1.2 million)
5. Other cities: Bo, Kenema, Koidu Town, and Makeni
6. Official language of Sierra Leone: English
7. Local languages: Temne, Mende, and Krio
8. Government: Constitutional Democracy
9. Legal System: English common law
10. Sierra Leone was created in 1787
11. Independence: 1961 (United Kingdom)

The main religions in Sierra Leone are:

1. Islam (78%)
2. Christianity (27%)
3. African Traditional Religions

Sierra Leone belongs to the West African Economic Area (African Civilisation).

Economy of Sierra Leone:

1. Sierra Leonean GDP: 1.99 billion dollars
2. GDP growth rate: 13.8%
3. Average GDP growth rate: 5.1% (2000-2011)
4. The most Sierra Leonean dynamic sectors are agriculture, construction, manufacturing, services, and iron-ore mining
5. Sierra Leonean Agriculture sector: 51% of GDP/17% of exports/61% of the workforce. Top products: coffee, cocoa, and oil palm
6. Main resources: mineral, tourism, agriculture, marine, petrol and gas, energy, and fishery
7. Top Sierra Leonean export products: diamonds, rutile, and bauxite iron ore
8. The main economic activities in Sierra Leone are gold and diamond mining
9. Sierra Leone has the largest natural African port
10. The largest Sierra Leonean trading partners: China, India, the United Kingdom, the US, South Africa, and Belgium
11. Common External Tariff (CET) of the Economic Community of West African States (ECOWAS)
12. Foreign Direct Investment (FDI): 740 million dollars

Sierra Leone has preferential access to the markets of:

1. Economic Community of West African States (ECOWAS)
2. West African Monetary Zone (WAMZ)
3. Community of Sahel-Saharan States (CEN-SAD)
4. Mano River Union
5. European Union:
   1. Generalised System of Preferences
   2. Africa-European Union Strategic Partnership/Everything But Arms (EBA)
6. African Growth and Opportunity Act (US) - AGOA

Logistics:

1. Dakar-Lagos Corridor
2. West African Ports

Sierra Leone is a member of:

1. Organisation of Islamic Cooperation (OIC)
2. Islamic Development Bank
3. Economic Commission for Africa (ECA)
4. New Partnership for Africa's Development (NEPAD)
5. African Union (AU)
6. African Development Bank
7. Sierra Leone-South America Summit (ASA)
8. Forums Sierra Leone-China/India

❮ Samples - Business in Sierra Leone ❯

(c) EENI- Business School & Hispano-African University of International Business