Foreign Investment in Sierra Leone

Sierra Leone

Latest Information

Business

Title Type Sector
Human Development Index 2009 – Sierra Leone
(Mar-30-2010)
Business: Country overview
Business: Living standards
Non-sector Specific
Doing Business Snapshot Sierra Leone (2010)
(Sep-09-2009)
Business: Country overview
Business: Private sector development
Non-sector Specific
UNCTAD”s Country FDI Fact Sheets (2008) – Sierra Leone
(Oct-10-2008)
Business: FDI trends Non-sector Specific

Laws & Regulations

Latest Opportunities

Title Type Sector
Mineral Resources – Sierra Leone
(Feb 23, 2010)
Opportunities: Sectors Metals and Minerals
Marine Resources: What Can Sierra Leone Offer You?
(Feb 23, 2010)
Opportunities: Sectors Agriculture
Food and Beverages
Tourism: What Can Sierra Leone Offer You?
(Feb 23, 2010)
Opportunities: Sectors Property
Tourism and Travel

» View all opportunities (External link)

The government encourages the development of plantations and the investment of foreign private capital in agriculture and worthwhile new enterprises. Safeguards are provided against nationalization, and repatriation of capital, profits, and interest is permitted. Legislation in 1983 offered tax relief for up to five years, preferential access to import licenses, exemption from customs and duties on capital equipment and new materials, and special bonuses for companies setting up outside Freetown.

Sierra Leone attracted few foreign investors in the early 1990s. Progress in reforming the economy was expected to reverse that trend, but renewed civil disturbances in 1997 threatened those prospects. Rex Mining, the first company to invest in Sierra Leone after the civil war, suspended work at its diamond mine after the military coup in May of 1997. Production in the rutile and bauxite plants resumed in 2000, but continuance was unsure because of political unrest.

Foreign direct investment inflow (FDI) was $9.6 million in 1997, but this was more than reversed by a net divestment outflow in 1998 of -$9.8 million. Net FDI inflow was $6 million in 1999 and averaged $4.45 million a year in 2000 and 2001. In UNCTAD’s ranking of 140 countries in terms of their potential for attracting foreign investment in the period 1998 to 2000, Sierra Leone was ranked number 140.

Embassy of the Republic of Sierra Leone in Federal Republic of Germany. All Rights Reserved