Business in Sierra Leone, Freetown

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Syllabus of the Subject: Foreign Trade and 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 (Import, Export) of Sierra Leone
   1. Export Procedures in Sierra Leone
5. 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
6. Foreign Direct Investment (FDI) in Sierra Leone
7. Access to the Sierra Leonean Market
8. Business Plan for Sierra Leone

1. Dakar-Lagos Corridor
2. Access to the West African Ports

Sierra Leonean Preferential Access and Free Trade Agreements

1. Sierra Leone and the West African Economic Area
2. Economic Community of West African States (ECOWAS)
   1. ECOWAS Regional Road Transport and Transit Facilitation Programme
3. West African Monetary Zone (WAMZ)
4. Community of Sahel-Saharan States (CEN-SAD)
5. African Continental Free-Trade Area (AfCFTA)
6. Mano River Union
7. European Union-Sierra Leone:
   1. Generalised System of Preferences
   2. Africa-European Union Strategic Partnership/Everything But Arms (EBA)
8. African Growth and Opportunity Act (US) - AGOA
9. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)

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

1. To analyse the Sierra Leonean Economy and Foreign Trade (Import, Export, FDI)
2. To know the business opportunities in the Republic of Sierra Leone
3. To explore the Sierra Leonean trade relations with the country of the student
4. To know the Sierra Leonean Trade Agreements
5. To develop a business plan for the Sierra Leonean Market

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

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Description of the Subject: Doing Business in Sierra Leone.

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

More information about Sierra Leone (African Portal - EENI Global Business School).

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:

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

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

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
9. United Nations (UN)
10. World Bank (WB)
11. World Trade Organisation (WTO)
12. International Monetary Fund (IMF)

❮ Samples - Business in Sierra Leone ❯

(c) EENI Global Business School
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