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GTBank Sierra Leone Unveils Bigger and Better Kip For D Bambai Reloaded, Deposit And Win Promotion


Guaranty Trust Bank Sierra Leone (GTBank SL) is pleased to announce the second edition of its popular savings and reward promotion “Kip For D Bambai Reloaded.”

This year’s edition promises even more exciting prizes for new and existing customers who make fresh deposits and maintain them in their accounts within each month through the campaign.

Participants stand the chance to win prizes including motorcycles (Okada), bags of rice, and vegetable oil, among other enticing rewards.

Speaking at the unveiling in Freetown, GTBank SL’s Head of Corporate Affairs, Simonette Wilkinson emphasized the bank’s dedication to customer satisfaction.

She said: “We are passionate about rewarding our loyal customers and empowering them through innovative banking solutions. This year, we’ve significantly increased the number of eligible winners compared to the last edition.”

She mentioned that draws will be held every month to select the winners and a grand draw will be held in January 2025, after the promotion ends in December 2024.

GTBank’s Head of Retail Banking, Victor Cleveland, explained the participation process, saying customers simply need to deposit and save money in their accounts to qualify for the chance to win.

He said: “This promotion is open to both new and existing customers. To be eligible, customers can deposit and maintain balances ranging from NLe 250 to NLe 25,000. For new or existing customers without a GTBank MasterCard, they can obtain one instantly and use it at least 3 times in a month. Furthermore, inactive and zero balance accounts can participate by depositing and maintaining NLe 250 or more monthly.

“During the grand draw, all existing customers who maintain the highest new balance exceeding NLe 25,000 over the six months will be eligible.”

GTBank SL Managing Director, Mr. Ade Adebiyi assured all that the promotion will go a long way in rewarding their customers for saving funds with the bank.

“We are delighted to introduce this promotion as a token of our gratitude for the unwavering support, trust, and loyalty our valued customers have demonstrated over the years. The exciting modalities of the promo reflect our commitment to enhancing the banking experience across all our digital services.

“This latest edition offers an even more rewarding opportunity for customers, their friends, and families to reap exciting rewards when they make deposits. We encourage our customers to seize this opportunity and participate actively.” Adebiyi said.

Guaranty Trust Bank Sierra Leone is a subsidiary of Guaranty Trust Group Holding Company Plc, with its headquarters in Lagos, Nigeria.

GTBank currently has 16 branches in Sierra Leone and its headquarters at Wilberforce Street, Freetown.

Guaranty Trust has been on a mission to make financial services inclusive and accessible to all Africans in ways that truly serve people’s needs and help businesses thrive.

 

The post GTBank Sierra Leone Unveils Bigger and Better Kip For D Bambai Reloaded, Deposit And Win Promotion appeared first on Sierraloaded.



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Parliamentary Committee on Trade and Industry Concludes Oversight Activities


The Parliamentary Committee on Trade and Industry, chaired by Hon. Veronica Kadie Sesay, who is also the President of the has concluded its oversight activities in the Western Area and the provinces in the Republic of Sierra Leone on Friday 21, June 2024.

During the oversight visits, the Chairperson revealed that the Committee was inquiring into the level of compliance with the agreements Parliament had ratified in favour of the visited entities and to also ascertain the achievements and positive contributions of these entities in the national economy that are impacting the lives of the people.

Key amongst Companies Visited are petroleum marketing companies, National Petroleum (NP), new entrant in the petroleum marketing in Sierra Leone, Aminata and Sons, at both its facilities at Cline Town and Kissy Dockyard. And All Petroleum Products (APP) now Eco Energy,



The Chairperson for the committee, Honourable Veronica Kadie Sesay said their visit to terminals of their key overnight priorities assigned to them by the House of Parliament in order to ensure that Oil Marketing Companies (OMCs) are ideally adhering to the importation, distribution, transportation and retailing of petroleum products accordingly with fair and competitive Business atmosphere among OMCs.

Honourable Veronica Kadie Sesay told managements of OMCs that Parliament is one of the highest decision-making bodies in the country that checkmates the excesses and examines the successes of various, investments in the country, noting that the Oversight’s assignment is not about witch-hunting, but to help streamline some of the strategy objectives of OMCs and to ensure they are operating within the scope and contest of what average Sierra Leoneans expect them to deliver.

At Bread Avenue, Wellington, the Committee observed that Sonoco is the parent company and under its purview are nine other companies, including Bread Avenue. It was revealed that Sonoco is a leading Guinean company operating in flour, and other businesses. The company is currently constructing flour mill at Cline Town that would supply four other countries and intends to provide employment for over six hundred people.

The Committee observed that Bread Avenue has restaurant and producing high quality bread. The Avenue, according to Management, would soon expand its operations to the West and Central Freetown.
Finally, at Miro Forestry and Timber products at Mile 91, the Committee observed that the company, after many years in planting trees of various species, is now at its production and processing of plywood of international standards. In addition, the company is also producing high quality utility or electricity poles and edge glued board.

 



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A Center of Excellence For Financial Inclusion And Economic Growth in Sierra Leone’s Digital Journey


Rokel Commercial Bank (formerly Barclays Bank of Sierra Leone) is one of the leading Banking institutions in Sierra Leone in terms of digital financial services.

RCBank was established in 1917 as Barclays Bank DCO with 100% shares owned by the parent company. The rationale behind the move was to encourage Sierra Leoneans to Participate as owners and develop confidence in the Bank. Named after the longest river in Sierra Leone, Rokel Commercial bank remains the gateway to banking in the country.

RCBank Simkorpor Plus Application and Internet Banking have resulted in the transformation of the digital landscape and brought unprecedented convenience to Sierra Leoneans for their financial transactions.



Dr. Walton E. Gilpin; RC Bank Managing Director, reaffirmed the commitment of management to comply with the Bank of Sierra Leone Prudential Guidelines and to position RCB as the preferred banking institution in Sierra Leone. ‘’it is going be the people’s bank with branches operating in other part of the sub region.

CREATING A CENTER OF EXCELLENCE – enable business units to drive financial inclusion and economic growth in Sierra Leone digital journey
The Bank is a Center of Excellence within Sierra Leone Financial Industry which operates with principles of empowering business units and facilitating financial transactions to drive growth in the financial Industry and the economy.

With RCBank Internet Banking, customers can automatically Pay their Bills Super fast with Online Banking Services.

The Process is Simple to pay for goods and services using Sim Korpor: Just Use the QR Code Function to Scan RCBank QR Codes at Supermarkets, restaurants, markets, Hospitals, bars, and more . Alternatively, you can use the Institutional payment option to make payment.
Customers accounts are automatically credited or debited for each deposit, making it easy to stay on track.

The introduction of the Rokel Sim Korpor Plus Application marked not only a significant milestone for the bank but also for Sierra Leone as a whole.

During an interview with the head of RCBank Sim Korpor department Mrs. Kezia Salankole emphasized how RCBank’s Simkorpor department has transformed the digital landscape and brought unprecedented convenience to Sierra Leoneans for their financial transactions.

“By leveraging cutting-edge technologies, the bank has empowered people to perform secure and seamless transactions from the comfort of their own homes or wherever they may be,” she said.
A standout accomplishment that Mrs. Salankole proudly shared was the expansion of the RCBank Simkorpor department, which can now boast of over 200 agency banking locations spread throughout the country. “This achievement is a testament to RCBank’s dedication to serving the needs of its customers and bringing innovative solutions closer to them,” she noted.

Mrs. Salankole acknowledged that customer orientation played a pivotal role in their success.
RCBank’s customer-centric approach ensures that every decision made by the bank is geared towards enhancing customer satisfaction. This dedication to customer service has been the driving force behind the success of their flagship program, the Simkorpor Service, which was initiated by their Managing Director, Dr. Gilpin.

Reflecting on the impact of the Simkorpor Service, Mrs. Salankole explained that it has become the bank’s digital icon, enabling customers to conduct various transactions, such as paying for goods and services, handling third-party services, and paying bills from anywhere they are located.
“This has facilitated financial inclusiveness, increased access to finance, and reduced costs for individuals, contributing to the growth of Sierra Leone’s economy,” she said.

While celebrating their achievements, Mrs. Salankole acknowledged the challenges they faced in promoting digital services, particularly in overcoming resistance from individuals not yet accustomed to using such technologies. However, RCBank’s dedicated marketing teams have been actively raising awareness among the masses, making strides to bridge the digital divide and encourage the adoption of their services.

Regarding security measures, Mrs. Salankole assured customers that the Sim Korpor Service incorporates robust security features. Transactions are protected by two-factor authentication and encrypted end-to-end to ensure maximum safety. However, she also emphasized the importance for customers to protect their phones with passwords and remain vigilant about their device security.

As RCBank continues to expand its digital footprint, the Simkorpor department’s success is a testament to the bank’s commitment to innovation and customer satisfaction. With over 200 agency banking locations nationwide, RCBank is poised to further drive financial inclusion and economic growth in Sierra Leone.



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CEO of Tony Elemelu Foundation Applauds Sierra Leone’s Waste Innovator Mohamed Kamara


The CEO of Tony Elemelu Foundation Soma Chris-Asoluku has applauded Sierra Leone’s Waste Innovator, Mohamed Kamara for his remarkable innovations during his visit at their office where they discuss about opportunities in Sierra Leone for Youths.

Mohamed is 2018 TEF Alumni and a Visionary Founder of the Freetown Innovation Lab, a company based in Sierra Leone tackling waste challenges by recycling plastic into everyday products. One of the Lab remarkable Innovations Includes TV antennas that provide excellent reception for low-income household.

Kamara also led a transformative Workshop at the University of Ibadan Leveraging waste for empowerment on Thursday 20th June 2024.



The workshop was designed for aspiring entrepreneurs, Innovators , and anyone passionate about sustainable development and social impact.

The Freetown Innovation Lab’s tire -to- furniture transformation marks a milestone in sustainable design and waste management, paving the way for a greener future while simultaneously addressing the City’s environmental Challenges





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Councillor N’Bompa Turay Applauds Afrigas for Outstanding CSR Efforts


In an exclusive interview with this medium, Councillor N’Bompa Turay of the East District, Western Urban, precisely the Kissy Terminal Community, graciously commended Afrigas for the business entity’s consistent and impactful rolling out of its Corporate Social Responsibility (CSR) initiatives.

As a second-term Councilor, N’Bompa Turay shared detailed insights into the various ways Afrigas has positively contributed to the development and welfare of the local populace, effectively exonerating the company from recent criticisms about its community engagement.

He firmly asserted that Afrigas, a company specializing in cooking gas distribution, has been actively involved in CSR activities that benefit the residents of the community. The Councilor emphasized that Afrigas has not only adhered to rolling out their Corporate Social Responsibility but has also exceeded expectations in certain instances. One notable example, he mentioned, of the company’s contributions, was the provision of over 20,000-liter water tank, valued at over NLe15, 000 to the community. He underscored that such an initiative has significantly improved the quality of life for residents by ensuring a reliable and accessible water supply.



Another significant contribution that the company made was the funding of a street light project, which Councillor N’Bompa Turay highlighted during the interview.

He stated that Afrigas allocated NLe10,000 for that initiative, which was managed in collaboration with local authorities including himself and other MPs. He said that project has enhanced safety and security in the area, making it easier for residents to navigate the community night furthering how such an improved lighting has also reduced incidents of crime and promoting a safer environment for all.

In addition to these large-scale projects, Councillor N’Bompa Turay pointed out that Afrigas has also provided financial assistance for various community needs, such as the construction of public toilets. These initiatives, he stated, are typically driven by requests from community groups who approach Afrigas for support. This responsive approach, he said, has ensured that the company addresses specific and immediate needs of the community, further demonstrating their commitment to social responsibility.

During the interview, Councillor N’Bompa Turay also addressed misconceptions that Afrigas has not been actively and meaningfully contributing to the community.
That concern, he highlighted, was raised by one Paul, the leader of a disabled group within the community during the recent launch of the Gas Power Plant by President Bio.

Councillor N’Bompa Turay, however, clarified that while not all community members may be aware of the company’s efforts, there are organized groups that regularly interact with Afrigas to ensure their needs are met. He acknowledged that some community members might feel left out due to a lack of direct communication or involvement, and suggested that community proposals should be more organized and clearly communicated to Afrigas to ensure that all voices are heard and addressed.

The Councillor pointed out that although the Handicapped Association has approached the company for assistance, however, it was not clear as to what they really needed support for. He said in that light the Management of the company has asked him to liaise with the Chairman of the Handicap Association in order to identify what is currently their specific need. The Councillor furthered that the company has exhibited willingness to support any reasonable request as long as it will be beneficial and impactful to the Association’s members and other community residents. He promised that the engagement with the Chairman will soon take place in an enlightening manner.
According to him, it is always important to exercise patience whenever requests are made to companies that are operating within the community for assistance.

Looking ahead, Councillor Turay expressed optimism about continued collaboration between Afrigas and residents of the community. He urged residents to come together and prepare proposals for future CSR initiatives, noting that Afrigas has shown a willingness to support meaningful projects. He stressed the importance of presenting well-organized and feasible plans to maximize the impact of Afrigas’ contributions.

Councillor N’Bompa Turay also highlighted the importance of transparency and clear communication in these efforts. He encouraged community leaders to ensure that all members are informed about ongoing and upcoming projects to foster a sense of collective responsibility and participation. By doing so, he believes that the community can better coordinate with Afrigas and leverage their support for greater development.

Councillor N’Bompa Turay ended up reiterating his appreciation for Afrigas’ contributions and urged the public to recognize and support the company’s efforts. He emphasized that Afrigas has demonstrated a strong commitment to improving the community and should be viewed as a valuable partner in the community’s development.

His endorsement of Afrigas’ CSR activities underscores the company’s role in fostering positive change and development within the Kissy Terminal Community.





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SLCB Director of Corporate Affairs Clarifies Concerns Over Unjustified Loans in 2022 Audit Report


In recent times, the Public Account Committee has raised concerns regarding the Sierra Leone Commercial Bank lack of specific loan policy for Political Exposed  Persons.

The concerns came following an Audit  revealing  that by December 31 2022,  the SLCB had issued  loans reportedly  totaling  SLE 41,448,000 to Politically exposed People  without clearer policies  or Procedures.

However, The Director of Corporate Affairs of the Sierra Leone Commercial Bank (SLCB), Victor Thomas Biandoma, Esq., addressed concerns over unjustified loan issuance.



The Director clarified that the loans in question raised in the Auditor General’s Report underwent a thorough vetting process in line with the bank’s stringent credit policies.

Emphasizing the institution’s commitment to transparency and due diligence, the Victor detailed the criteria met by the borrower, which included a strong credit history, a viable business plan, and other supporting documents.

He further assured customers and stakeholders that loans’ approval was based on sound financial judgement and aimed at fostering economic growth.

“The SLCB, recognised for its robust governance framework, remains dedicated to maintaining its reputation for financial integrity,” he averred.

The Director also mentioned that any allegations of impropriety are being taken seriously and investigated to uphold the bank’s standards and customer trust.

 



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QNET Marks Father’s Day by Supporting And Empowering Dads With Business Opportunities And Wellness Solutions


QNET, a global lifestyle and wellness company that uses a direct-selling business model to promote unique products that enable people to take charge of their health, well-being, and lifestyle, has marked this year’s Father’s Day celebration by empowering dads around the world with business opportunities and wellness solutions.

Recognizing and celebrating the exceptional impact fathers have on shaping families, communities and the future, QNET is providing them with the chance to excel effortlessly in their roles through its direct selling business opportunity, along with products that enhance their wellness and lifestyle.

A report by daduniversity.com reveals that, “there is an intense pressure on fathers to provide financially for their families as raising a child comes with expenses. Although families come in various financial structures, the responsibility to contribute can weigh heavily.” QNET is dedicated to empowering aspiring entrepreneurs, particularly fathers, by providing them with the tools and support they need to succeed.



For fathers who aim to build a better future for their families, the company offers a platform that not only helps kick-start their businesses but also nurtures their growth. Through QNET’s business platform, fathers gain access to comprehensive product and business training and customer support, ensuring that they have the knowledge and skills necessary to thrive and feel empowered in their entrepreneurial journey.

“We believe that every father deserves the chance to succeed both professionally and personally,” said Biram Fall, Regional General Manager, QNET Sub-Saharan Africa. “Our mission is to provide fathers with the opportunities and resources they need to achieve their goals and support their families. Through our business opportunities and health-promoting products, we are dedicated to empowering fathers to build better lives for themselves and their loved ones.”

In addition to business opportunities, QNET offers a variety of products designed to help men lead healthier and more fulfilling lives. This Father’s Day, QNET is highlighting two exceptional products that exemplify this commitment: QAlive and the Bernhard H. Mayer 150th Anniversary timepiece. QAlive is a plant-based supplement that naturally increases testosterone levels for men’s complete health and performance.

Packed with essential nutrients and antioxidants, QAlive supports immune function, boosts energy levels, and helps fathers stay healthy and active. The Bernhard H. Mayer 150th Anniversary watch is more than just a timepiece; it symbolizes sophistication and success. Designed with precision and style, it is perfect for the modern father who values both functionality and elegance. With its advanced features and sleek design, the Bernhard H. Mayer wristwatch is a testament to QNET’s dedication to quality and innovation.

This and every Father’s Day, QNET encourages everyone to celebrate fathers who work tirelessly to provide for their families and communities. By offering unparalleled business opportunities and top-tier health products available via www.qnet.net, QNET continues to support and empower fathers to reach their full potential.

About QNET

QNET, a global lifestyle and wellness company, uses a direct-selling business model to promote unique products that enable people to take charge of their health, well-being, and lifestyle.

Since 1998, QNET’s innovative products and e-commerce-driven business model have helped build a global community of satisfied customers and microentrepreneurs, who are driven by the mission of RYTHM – Raise Yourself To Help Mankind. Popular product brands offered by QNET include the Bernhard H. Mayer range of luxury watches and jewelry, HomePure range of home care products, the Amezcua wellness range, Physio Radiance personal care range, and QVI branded holiday packages.

QNET proudly exemplifies high industry standards and is a member of numerous Direct Selling Associations worldwide. Its active engagement in several global sports sponsorships including in its role as the official direct selling partner of the Manchester City Football Club (MCFC) and the Confederation of African Football (CAF), highlights the company’s commitment to excellence.

Discover a world of new possibilities with QNET by visiting www.qnet.net



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Sierra Leone’s Central Bank to Auction NLe333.07 Million in Treasury Bills and Bonds


The Central Bank of Sierra Leone has announced a significant treasury bills auction scheduled for Wednesday, June 19, 2024. The auction will offer a total of NLe333.07 million, spanning a variety of government securities including short-term treasury bills and longer-term treasury bonds.

This auction presents a mix of 91-day, 182-day, and 364-day treasury bills, alongside 2-year and 3-year treasury bonds, providing a range of investment opportunities for financial institutions and individual investors alike. The move underscores the Central Bank’s ongoing strategy to manage national debt and stimulate investment in government securities.

A detailed breakdown of the offerings reveals that NLe1,568,750.00 has been allocated for the 91-day bills, NLe3,137,500.00 for the 182-day bills, and a substantial NLe284,290,600.00 for the 364-day bills. In addition, NLe16,255,600.00 will be available for the 2-year bonds and NLe27,734,000.00 for the 3-year bonds.



This week’s offer marks a notable 28.9 percent increase from the previous auction on June 6, 2024, which saw a total of NLe63,654.60 million offered across similar instruments. The increase in allocation reflects the Central Bank’s effort to attract more investment into government securities, ensuring liquidity and a stable debt management process



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Dr. Ekundayo Walton Gilpin Awarded at 9th SLAAM Lifetime Achievement Awards for Leadership and Service to Humanity


The Managing Director of Rokel Commercial Bank, Dr. Ekundayo Walton Gilpin (COOR), has on June 7th 2024 been bestowed with a prestigious award for his exceptional leadership and dedicated service to humanity at the 9th Sierra Leone Association of Artists and Musicians (SLAAM) Awards held in the United States on June 7th, 2024. The accolade was presented by Min. Amb. Gilleh Kebbie Scholz, President of SLAAM AWARDS.

The president of SLAAM AWARDS, also the CEO of Giileh Global Productions (GGP), a media production, talent branding, and marketing company, has demonstrated years of expertise in bringing out the best in individuals and their endeavors.

The SLAAM Awards annually convenes a diverse and talented group of individuals from around the world to showcase their dreams and aspirations. This year marks the ninth edition of the event, which has been honoring legends in various artistic categories for their lifelong contributions to their respective fields.



The nomination and voting process, overseen by the SLAAM Planning Team, ensures that only the best candidates are considered for the awards. Over the past eight years, the event has seen significant participation, with 300k votes cast in six days on the event website in 2023.

The 2024 SLAAM Lifetime Achievement Awards featured eminent personalities such as Yvonne E. Clarke (Humanitarian), Bosca Banks (Music), Felix Sandy (Sports), Vicky Fornah Hassan (Gospel), Alimatu Bateh Sangarie-Sammarie (Humanitarian), Pastor Bai Sesay (Leadership), Joseph Okito Nelson-Edwin (Comedy), Joseph Musa (Excellence), and Mohamed Mansaray (Theatre).

Dr. Gilpin graciously accepted the award and dedicated it to his family, the Board, Management & staff of RCBank, and particularly to the leadership and people of Sierra Leone. This recognition stands as a testament to Dr. Gilpin’s unwavering commitment to excellence and his significant contributions to humanity and the financial sector.

RCBank – The Bank of Choice!!!”



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RCBank Celebrates 5th Anniversary of Tree Planting Project, Emphasizing Environmental Stewardship


On Thursday, June 6th, 2024, RCBank celebrated the 5th anniversary of its Tree Planting Project at Petifu Kangalop, Masiaka, reinforcing its commitment to environmental sustainability.

The event, which drew hundreds of guests and community residents, was themed: “Plant More Trees, So That the Next Generation Can Get Air for Free.”

RCBank Limited has continually demonstrated its dedication to protecting and preserving the environment. The Deputy Managing Director, Mr. Emmanuel E. Borbor, highlighted the bank’s responsibility to integrate with and support the communities in which it operates. “Planting trees improves the air quality for humans to breathe and prevents heavy winds from causing destruction,” Borbor stated. “Tree planting is universal and the cleanest form of agriculture. Anyone can start tree planting as it requires minimal capital.” He encouraged the community to join the initiative, emphasizing the myriad benefits of tree planting. Borbor also appealed for additional land to expand the project further.



Neneh Tunis, CEO of Keeping Hope Alive, underscored the dual importance of planting and maintaining trees. “It is one thing to plant trees, but challenging to maintain them,” she remarked. “Tree planting also provides job creation for locals and mitigates the effects of climate change. We must all work together to create a sustainable and resilient environment.”

Paramount Chief of Petifu Kangalop, Masiaka, PC Bai Kompra Bomboli III, spoke about the origins of the project, initiated by his father in collaboration with RCBank. “We will never stop planting trees,” he affirmed. He addressed the challenges faced by local communities, including the demand for charcoal. “The demand for charcoal in the capital, Freetown, drives local deforestation. I urge the government to provide alternative fuel sources, like gas, to reduce reliance on charcoal.” He pledged continued collaboration with RCBank and vowed to educate the populace on climate change. He commended RCBank’s dedication and promised to allocate more land for the initiative.

Ambrose Bindi, head of Tree Crop at the Ministry of Agriculture, delivered the keynote address. Bindi commended RCBank for its contribution to environmental conservation. He underscored the importance of tree planting in supporting food security initiatives, urging widespread participation in the Feed Salone project. “The stomach does not belong to a party of color, so it is important that everyone supports the Feed Salone project,” he said. He praised RCBank and Neneh Tunis for their contributions to tree planting, a crucial element in combating climate change. Bindi highlighted that the initiative by RCBank is part of a global effort and stated, “It’s commendable for a bank to engage in such an important venture.”

Madam Shola Taylor Pearce, Executive Secretary of the Sierra Leone Association of Commercial Banks, congratulated RCBank on behalf of all 13 managing directors. “Five years ago, I planted a tree here, and today it is taller than me. This symbolizes the power of a seed and the importance of roots, much like RCBank’s roots in this initiative,” she stated. “Together everyone achieves more, and that is what our association stands for.”

The celebration was climaxed by the planting of 30 trees by dignitaries and both senior and junior staff of RCBank, symbolizing their continued commitment to environmental stewardship and community engagement.

The vote of thanks was given by Mrs. Mariama Jajua, Head of Marketing, Business Development, and Corporate Affairs, who acknowledged and appreciated all guests, community members, and staff of RCBank for supporting this wonderful initiative.

RCBank – The Bank of Choice!



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