President Bio discusses investment opportunities with US International Development Finance Corporation – Welcome to the Sierra Leone Telegraph


Sierra Leone Telegraph: July 31, 2022:

The Chairman, Dr. Julius Maada Bio, last week discussed opportunities for additional private sector investment with the Managing Director of the United States International Development Finance Corporation – Scott Nathan and his team.

US Ambassador to Sierra Leone David Reimer spoke of the many engagements they have had with the government of Sierra Leone regarding private sector investment in the country, and said there is a need to build on these earlier discussions and explore opportunities in West Africa. nation.

CEO Scott Nathan said he was in Sierra Leone to support the country’s ambition to become a middle-income country by 2035, and that his agency is involved in investment partnerships in the country and identifies new opportunities.

“We have been involved in investing in electricity and digital. We are now looking for future partnerships in health, agriculture and small and medium scale investments,” he said.

He referred to the long-standing working relationship between the citizens of the United States, the government of the United States, and the people and government of Sierra Leone, which he said is based on democracy, openness and the state by right.

In his response, President Julius Maada Bio welcomed the CEO and his team, saying that since taking office, he has been working to attract private sector investment to the country, explore partnerships and promote opportunities that will stimulate economic growth.

He said his government’s human capital development project has attracted huge investment in the country’s education system.

“My government believes in education. We have therefore made a huge investment in this sector by paying the school fees of all children attending public schools, providing teaching and learning materials, providing them with meals in certain regions of the country with the assistance from Catholic Relief Services. My government also pays tuition fees for girls who offer science, technology, engineering and mathematics (STEM) courses in government universities,” he said.

President Bio also mentioned that his government is now encouraging private sector investment in agriculture by providing tractors and machinery, to minimize pressure on the government.

He said more support was needed to boost the country’s energy sector to increase sustainable economic activities.

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