Business in Sierra Leone

EENI- School of International Business

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

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

Description of the Subject: 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. The Sierra Leonean population: 6.3 millions of people
4. Capital: Freetown (1.2 million)
5. Other cities: Bo, Kenema, Koidu Town, and Makeni
6. The official language of Sierra Leone: English
7. Local languages: Temne, Mende, and Krio
8. The Government: Constitutional Democracy
9. The 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 (71%)
2. Christianity (27%)

Sierra Leone belongs to the West African Economic Area of the African Civilisation.

The Economy of Sierra Leone:

1. The Sierra Leonean GDP: 1.99 billion dollars
2. GDP growth rate: 13.8%
3. The 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. The Sierra Leonean Agriculture sector: 51% of GDP/17% of exports/61% of the workforce. Top products: coffee, cocoa, and oil palm
6. The 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 largest Sierra Leonean trading partners: China, India, the United Kingdom, the US, South Africa, and Belgium
9. Common External Tariff (CET) of the Economic Community of West African States (ECOWAS)
10. 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. Mano River Union
4. The European Union: Generalised System of Preferences/Cotonou Agreement/Everything But Arms (EBA)
5. 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 ❯