Doing Business in Sierra Leone
EENI - Business School.
Subject (Course): International Trade and Business in Sierra Leone. Freetown.
- Introduction to the Republic of Sierra Leone (West Africa).
- Doing Business in Freetown
- The Economy of Sierra Leone
- Foreign Trade of Sierra Leone
- Export Procedures in Sierra Leone
- Business and Investment Opportunities in Sierra Leone
- Marine Resources
- Petrol and gas
- Foreign Direct Investment (FDI) in Sierra Leone
- Access to the Sierra Leonean Market
- Business Plan for Sierra Leone
Objectives of the subject “Doing Business in the Republic of Sierra
- To analyse the Sierra Leonean economy and foreign trade
- To evaluate business opportunities in the Republic of Sierra Leone
- To explore Sierra Leone's trade relations with the student's country
- To know Sierra Leone's Free Trade Agreements (FTAs)
- To develop a business plan for the Sierra Leonean Market
Sample of the subject (Doing Business in Sierra Leone):
Subject Description (Doing Business in Sierra Leone).
The Republic of Sierra Leone: the fastest growth economy in West Africa.
- Borders of Sierra Leone: Guinea-Conakry and Liberia
- Area: 72,000 square kilometres (one of the smallest
- Sierra Leonean population: 6.3 millions of people
- Capital: Freetown (1.2 million)
- Other cities: Bo, Kenema, Koidu Town, and Makeni
- The official language of Sierra Leone: English.
- Local languages: Temne, Mende, and Krio
- The Government: Constitutional Democracy
- The Legal system: English common law
- Sierra Leone was created in 1787
- Independence: 1961 (UK)
The main religions in Sierra Leone:
- Islam (71%)
- Christianity (27%)
Sierra Leone belongs to the West African Economic Area of the African Civilisation.
The economy of Sierra Leone:
- Sierra Leonean GDP: 1.99 billion dollars
- GDP growth rate: 13.8%
- The average GDP growth rate: 5.1 % (2000-2011)
- Most Sierra Leonean dynamic sectors: agriculture, construction, manufacturing, services, and iron-ore mining
- Agriculture sector: 51% of GDP/17% of exports/61% of the workforce. Top products: coffee, cocoa, and oil palm
- The main resources: mineral, tourism, agriculture, marine, petrol and gas, energy, and fishery
- Top Sierra Leonean export products: diamonds, rutile, and bauxite iron
- Major trading partners: China, India, the UK, the US, South Africa, and Belgium
- Common External Tariff (CET) of the Economic Community of West African States (ECOWAS)
- Foreign Direct Investment (FDI): 740 million dollars
Sierra Leone has preferential access to the markets of:
- Economic Community of West African States (ECOWAS)
- West African Monetary Zone (WAMZ)
- Mano River Union
- The European Union: Generalised System of Preferences/Cotonou Agreement/Everything But Arms (EBA).
- African Growth and Opportunity Act (US) - AGOA
- Dakar-Lagos Corridor
- West African ports
Sierra Leone is a member of:
- Organisation of Islamic Cooperation (OIC)
- Islamic Development Bank
- Economic Commission for Africa (ECA)
- New Partnership for Africa's Development (NEPAD Sierra Leone)
- African Union (AU)
- African Development Bank
- Sierra Leone-South America Summit (ASA)
- Forums Sierra Leone-China/India