GTBank Sierra Leone Staff Hold Football Gala to Honor Late Colleagues


Guaranty Trust Bank (GTBank) Sierra Leone staff held an Inter-Branch Football Gala which climaxed on Sunday, May 26th, 2024, to honor the memories of their late Sports Director, Mohamed Salieu Jalloh, and colleague, Isata Bah.

The grand finale at the O X-Ray Arena in Freetown saw HQ Marketing (*9737+ FC) face off against E/T East (Salary Loan FC) in a spirited match. The energetic crowd of supporters and spectators created an electric atmosphere filled with cheers, reflecting Jalloh and Bah’s passion for sports and community.

HQ Marketing (*9737+ FC) dominated the match with a decisive 5-0 victory over E/T East (Salary Loan FC). The team showcased exceptional skill and teamwork, attributes that Jalloh had tirelessly worked to instill in all sporting activities at the Bank.

Both teams were recognized for their participation in the event honoring their esteemed colleagues. Outstanding individual performances were also celebrated with special awards.

GTBank also used the occasion to connect with customers, showcasing their latest banking products and services. The event provided a platform for customers to learn about new opportunities with GTBank, enhancing their banking experience while enjoying a day of sport and community bonding.

The Inter-Branch Football Gala served as a beautiful tribute to Mohamed Salieu Jalloh and Isata Bah. It celebrated their contributions to GTBank and the community, emphasizing the values of unity, teamwork, and excellence they embodied. Their legacies will continue to inspire and guide the GTBank family.






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Sierra Leone’s Brewery Legal Manager Joins Management Team


Sierra Leone Brewery has announced Ms.Menisa Sesay Esq. as their newest Management Team member at the Company.

The company congratulate Menisa on her appointment as a member of the Management Team in her capacity as the Legal Manager and Company Secretary.

With her extensive expertise in Corporate Law, Menisa is poised to make significant contributions to our Management Team.

The company assured that they are confident that her knowledge and skills will greatly benefit SLBL and help drive their success in the future.

The Sierra Leone Brewey Limited [SLBL] was established in Freetown in 1961. During the civil war [1991-2002] the brewery was destroyed and used as quarters by the rebels from the Revolutionary United Front [RUF]. After the war investment and rebuilding took place to get the brewery up and running again.

Since then production is increasing, Sierra Leone Brewery Limited is a company that is involved in both manufacturing and very recently in agriculture.




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West African Journalists Visit QNET Head Office in Malaysia to Unravel the Truth About the Company


Five journalists from five West African countries namely, Sierra Leone, Ghana, Nigeria, Senegal and Burkina Faso took a trip to the Head Office of QNET on 8th May, 2024 to unravel the truth about the company.

Over the years, there has been a number of negative media publications about QNET and in some West Africa countries, the company has been vilified repeatedly. There are some people who would quickly dismiss QNET as a scam, a pyramid scheme or a human trafficking group.

These perceptions have negatively affected the image and reputation of the company in Sierra Leone.
As part of the proactive measures the 26-year-old global direct selling company is implementing in trying to provide accurate information about its business model, products and identity, and to fight misinformation, QNET organized a special media junket for journalists across West Africa, to visit and experience QNET in Malaysia and independently assess the values, culture, practice, business model, products, brand promise and authenticity of the company.

The media junket comprises seasoned journalists with many decades of combined journalistic experience. Some of them are senior editors and local correspondents of leading global media organisations such as the Voice of America, VOA in their various countries.

Together with these journalists from West Africa, I arrived in Malaysia on 9th May, 2024 with an open and investigative mind. On Friday, 10th May, 2024, officers of QNET took us to the QNET office located inside the 15-storey QI Tower in Kuala Lumpur. From the conversations and explanations that I had, I realised that the QI Tower is QI Group’s operational headquarters and it houses QNET as a subsidiary of the Group. The building is owned by QI, parent company of QNET and was acquired about 11 years ago. This is an important indication that the company is in business to stay for now and the future.

The Global Public Relations Manager of the company and his colleagues took us on a tour of the company’s offices at QI Tower. We were treated to an eye-opening presentation on the company, its history, business model, products, corporate social responsibility projects in Africa and across the world, its successes and challenges in Africa, among other things. Right there, we were presented with some amazing QNET products. It was the first time I met officials of QNET physically.

I have seen and heard journalists or people in Sierra Leone erroneously refer to distributors or independent representatives (IRs) of QNET as ‘workers’ of QNET.
I realized that IRs are not QNET workers, they are promoters and distributors of QNET products who act on their volition and not officially in the name of QNET as direct employees. So, when an IR behaves in an unethical way, it is wrong to refer to him or her as a QNET worker or staff. It is also very important to separate the unethical behaviour or act of an individual from the general identity and reputation QNET.

At the QI Tower, we were given some QNET products and they include LifeCode Belite 123 (a 3-in-1 weight management formula), LifeCode Kenta (Vitamin-Rich Supplement for longevity), LifeCode Qafe (Safe and Effective Weight Loss Formula), LifeCode EDG3 Plus (A multi-functional beverage for elevating everyday health) and Omni wrist watch from the 150-year-old Bernard H.

Meyer line of swiss-made watches.
We were told about how QNET products are developed. They are derived from extensive research from different parts of the world and they have been tried, tested and proven to be efficient in helping people achieve good health and wellness. They are also certified by many reputable certification authorities across the world. If those products were not real or good for the body, they would not be certified by the Hong Kong Health Food Association, the Health Supplements Industry Association of Singapore and other national certification authorities in many African countries where QNET products are promoted and distributed by their independent representatives.

On 12th may, 2024 I attended the opening ceremony of QNET’s global conference, known as the VCON. Thousands of people from different parts of the world, including dignitaries and VIPs from Africa were present.

At the opening ceremony, I saw in real life and for the first time, the two founders of QNET, Dato Sri Vijay Eswaran and Mr. Joseph Bismark, who established QNET in 1998. They told the inspiring story of how they started QNET and the hurdles they overcame for the company to become one of the leading direct selling companies in the world. If everyone in Sierra Leone were present at the event, I believe all the misconceptions and misinformation about QNET would suddenly disappear from their minds. This is because the truth about QNET was told in the simplest and most understandable way ever.

On Monday, 13th May, 2024, I had the opportunity of sitting at another presentation led by the top management of QNET. The team comprised the Regional General Manager for Sub-Saharan Africa, Biram Fall, Chief Communications Officer for the QI Group, Ramya Chandrasekeran, Deputy Chairperson of QNET, Malou Caluza (former CEO of QNET), Chief Legal Officer, Nikhil Patel, Chief Marketing Officer, Trevor Kuna and others. I vividly narrated the current perception people have about QNET in Sierra Leone and asked them about what they company plans to do about it.

The team acknowledged the fact that QNET is misunderstood and misrepresented by some people in Sierra Leone. They mentioned they have embarked on public education and media campaign dubbed: “SAY NO CAMPAIGN” in some West African countries and would intensify efforts towards educating the media and the general public in Sierra Leone.

They mentioned that they are engaging and collaborating with authorities such as the security agencies to wipe out the bad nuts and unscrupulous people who are tarnishing the company’s image. They said they will continue to work with them to ensure the general public is educated and protected against scam, fake jobs and human trafficking allegations that are sometimes leveled against the company.

They are also increasing the rate at which they train their independent representatives or distributors so that they can keep practicing ethical marketing behaviours.
The media junket organized by QNET is a big step in the right direction. It helps to deepen engagement and rapport with journalists who are the news makers. It is also an effective way of passing the right information to the general public through the journalists that visited the company in Malaysia. Seeing, they say, is believing, I have seen QNET in its totality and I believe that though the company is facing challenges of misrepresentation, it is a real company with beautiful and amazing products that are sold across the world.

Now, I also know that QNET is touching millions of lives across the world, empowering them economically and championing their health and wellness, so they can live the best versions of their lives.




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Access Bank Sierra Leone Appoints New Chairman And Non-Executive Directors


Access Bank Sierra Leone Limited has announced the appointment of Maurice Nathaniel Cole and four other non-executive directors.

The appointment was made through a press statement made available to Nairametrics by Access Holdings Plc, which states the new executives to its Board of Directors will further strengthen its leadership team and advance the implementation of its growth and transformation strategy.

It added that the appointments also reflect the Bank’s commitment to fostering growth and development while maintaining the highest standards of governance and stewardship.

Joining the Board as Non-Executive Directors are Maurice Nathaniel Cole, Nsikak N. Usoro, Michala Mackay, Ibrahim Khalil Lamin, and Kolawole Augustine Ajimoko.

The group noted that the appointees boast a wealth of expertise from diverse sectors, including banking, telecommunications, corporate governance, compliance, and finance.

Their combined experience and vision will contribute to shaping the future trajectory of Access Bank (SL) Ltd.

Cole will serve as Chairman, following the exit of Alice Marie Onomake and will bring his experience to the fore as Access Bank (SL) Ltd works to consolidate its market position and deliver value for all its stakeholders.

“We are thrilled to welcome our new executives to Access Bank (SL) Ltd,” said Ganiyu Sanni, Country Managing Director, Access Bank Sierra Leone Ltd. “Their leadership and vision will be invaluable as we navigate through challenges and pursue sustained success. We extend our gratitude to outgoing Chairman, Alice Marie Onomake, and Non-Executive Director, Aminata B. Dumbuya, for their dedicated service and contributions to the Bank”.

He noted that Access Bank (SL) Ltd remains committed to excellence, transparency, and accountability as it embarks on this exciting new chapter.

According to him, the Bank looks forward to leveraging the collective expertise of its leadership team to drive innovation, foster growth, and create lasting impact for its customers and communities.

Nairametrics reported recently shareholders of Access Holdings Plc, at the 2nd Annual General Meeting (AGM) held on Friday in Lagos, endorsed the group’s plan to establish a capital raising programme of up to $1.5 billion as well as the subset initiative to raise to N365 billion through a rights issue.

The proceeds of the rights issue would be used to support ongoing working capital needs, including organic growth funding for its banking and other non-banking subsidiaries.

The shareholders also ratified the appointments of Aigboje Aig-Imoukhuede, Olusegun Ogbonnewo, and Ojinika Olaghere as non-executive directors.

The appointment of Aig-Imoukhuede as the chairman of Access Holdings was cheered by the shareholders, who pointed to his history of success with the institution, having transformed it into Nigeria’s biggest lender by market value alongside the late Herbert Wigwe.

Aigboje’s leadership was instrumental in driving the institution’s growth during the 2004 recapitalisation of the banking industry led by the Central Bank of Nigeria (CBN) under the leadership of its former Governor, Prof. Charles Soludo, shareholders said.




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RCBank Nominated to Promote Usage And Adoption of New Innovative Pan African Payment Systems


A Rokel Commercial Bank delegation including the Board of Directors Chairman, Buffy Bailor, Managing Director Dr Walton Gilpin and top IT staff are in Cape Town, South Africa to attend a high-level meeting on the adoption and use of the innovative Pan African Payment System (PAPPS) by banks around the continent.

Pioneered by the Afreximbank, the PAPPS will create a flawless and highly effective international payment system that will invariably support the African Continental Free Trade Area (AcFTA) established in 2018 and signed by 43 African countries including Sierra Leone.

The new cross-border payment also seeks to operationalize a 2019 resolution by African heads of state that the PAPPS should become the main infrastructure for payments and settlements within the African financial markets.

Therefore, working with local banks like the RCbank to popularize and promote the adoption and utilization of the payment system tool has been deemed to be a critical component of its growth and success. A high point of the event was when heads from some of the partnering banks, including the Rokel Commercial Bank shared their experiences on the use of the PAPPS.

At the end of a highly interactive event, RCBank was among the financial institutions nominated as member of the Working Group of the PAPPS network/club to promote the adoption and usage of the payment platform.






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Enjoy Free Bet of LE20 This Weekend With Elephant Bet


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Government Orders Sierra Rutile to Resume Mining or Face Repercussions


The government of Sierra Leone has directed mining company Sierra Rutile to restart mining operations in Area 1 by the end of May. This directive comes after Sierra Rutile suspended activities in January due to a dispute over taxes.

The government views the suspension as a violation of the Mines and Minerals Development Act and has given the company until May 31st to comply. Sierra Rutile, however, disagrees with this stance and is currently evaluating its options in response to the government’s order.

The disagreement stems from ongoing negotiations regarding a new tax regime for Area 1. In May 2023, both parties began discussions for a “third amendment agreement” that would define the fiscal terms. However, negotiations stalled in January when the government decided to abandon the proposed agreement, reverting Sierra Rutile to the tax regime established in 2001.

The mining company argues that the older tax structure makes continued operations in Area 1 economically unsustainable. It remains to be seen whether Sierra Rutile will comply with the government’s order or take further action to defend its position.




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Orange Sierra Leone Digital Center and Coursera Join Forces to Offer Free Certification courses for New Digital Professions


Orange Sierra Leone Digital Center is launching a free high-level certification training program in partnership with Coursera, the world leader in online learning.

This partnership aims to offer young people in Africa and the Middle East the opportunity to acquire essential skills in digital professions, free of charge and at their own pace.

The Orange Digital Center (ODC) network is driving digital inclusion for young people and entrepreneurs across Africa and the Middle East through its 16 centers. It is launching this initiative to provide young people in the region with key skills in essential areas such as artificial intelligence, cybersecurity, digital marketing, and entrepreneurship. These programs are designed to meet the needs of the ever-evolving job market, providing talented young people with the knowledge and skills they need to enter the job market, develop their careers, or encourage them to become digital entrepreneurs.

Orange Digital Centers are physical structures designed to be hubs of innovation and learning, free and open to all, providing a dynamic environment where young people can develop their skills, explore new technologies, and stimulate their creativity.

Equipped with the latest technologies, they support young people throughout the entire technological innovation and entrepreneurship value chain. This innovation ecosystem consists of several spaces that offer free learning programs: a Code School, a Solidarity FabLab, an ‘Orange Fab’ startup accelerator, and Orange Ventures Middle East and Africa, the Orange Group’s investment fund that invests in the most promising startups.

Asma Ennaifer, Executive Director CSR, Orange Digital Centers and Communication, Orange Africa and Middle East, says: “At Orange, we firmly believe that digital inclusion is the key to creating a fairer and more prosperous future for everyone. In partnership with Coursera and through the Orange Digital Centers, we are opening the doors of certification training to all our beneficiaries, offering educational and professional development opportunities to those who need them most. ”

You’ll find all the Orange SL Digital Center training courses on the Coursera platform here https://www.coursera.org/

Press Contacts:

Orange Sierra Leone: Mabel Mason, [email protected], + 232 76 450 189 Orange Middle East and Africa: Anita Oyono, [email protected], +33 6 75 02 03 79




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RCBank Top Management Participate in SLONEC Business Seminar


Commemorating SLONEC’s First Year Anniversary, RCBank Top Management has participated in SLONEC Business Seminar on Tuesday 30th April, 2024 at the Freetown City Council.

SLONEC is an accountancy and consultancy firm that specializes and provides a wide range of accountancy and consultancy services to individuals, businesses, and organisations within Sierra Leone and beyond.

Dr. Walton E. Gilpin Managing Director of RCBank served as the Guest Speaker for the Buisness Seminar with the theme let’s celebrate and Excel in Business. Dr, Gilpin presented along side with the founder and CEO of SLONEC Mr. Ishmail Bangura, Manager and Tax guru at NRA Matilda Z. Kamara and Dr. Alpha Grace (Founder & CEO of CHANGEYOURSELF).

The Managing Director of RCBank Staged a PowerPoint Presentation on Navigating Loan Financing for SME’s and Avoiding Business Failures. Under key topics like National Public Debt Securities cycle, The Lending cycle and Access to Finance, Loan Cycle, Loan recall, Loan maturity, Cancellations and Restructuring, his presentation objectives focused on understanding the basic debt terminology in the loan cycle, Relationship between stages in the loan cycle and data requirement which could help reduce incidence of delinquency.

Speaking on the issue of granting loans, Dr. Gilpin states”debt collection is in trouble- especially when it comes to the delinquent credit. According to figures from the International Monetary’s fund‘s Global Financial Stability Report non-performing loans make up 3.925% of total gross global loans,”

Mr. Adikalie S. Kamara, Head of Operations at RCBank pointed out that the essence of the Banking system is to bring safety and soundness of the financial sector adding that there is low public understanding about loan initiation and the importance of the financial sector. He pointed out that there is a stand out guidelines by the Central Bank not to have more than 10% of loans in nonperforming category as it would be described as a delinquent loans, He applauded SLONEC as a new Financial Company set up by Sierra Leoneans to come together to contribute to enhance the financial sector.

Mr. Ishmael Bangura, CEO of SLONEC thanked the Management and Staff of RCBank for gracing the occasion. He reflected that while growing up he realized that he has to make a change and contribution to society.

He reflected on his experience in the United Kingdom and commented on what countries of the Western World are doing positively and differently. He revealed, he discovered one of the reasons why the Western Countries are far ahead of us it’s because they value the things we take for granted
He cited that one of the things that sometimes people take for granted back home is integrity, which he intends to bring and to uphold it as a core value in the financial sector.

Head of Public Relations, RCBank Mr. Aruna Dumbuya pointed out in his Public Lecture that Integrity, Objectivity, sustainability, professional competence, sincerity and probity are all core values that enhance the banking sector to thrive. He acknowledges the need for people in the financial Sector to imbibe all these qualities because the absent of some of these ethical conducts then we would not have people who will manage the finances of this country.

He emphasiszed on the need for customers that will enhance the availability and procedures of securing a loan adding that the Bank Prioritizes financial literacy in a bid to enhance customers Protection. He affirmed that over the years, the leadership of RCBank have been doing public Lectures at Universities and in Public Places both national and International, which is a core value of the Sierra Leone National Strategy for Financial Inclusion (NSFI 2022-2026).

He added that as a bank, they have seen how climate Change and environmental issues are impacting the world adversely, and it is so important that the country embraces urgent actions for positive climate change.

Mr. Dumbuya expressed thanks and appreciation to the SLONEC Management for the Invitation and assured the Bank’s unwavering commitment to respond to their call and to other institutions that will contribute positively to the Development of Sierra Leone.

RCBank – The Bank of Choice!!




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LRMG Inaugurates 30 MPTA Processing Plant and Heavy Fuel Oil power plant in Tonkolili


In a historic event on April 8, 2024, Leone Rock Metal Group (LRMG) celebrated the inauguration of its groundbreaking 30 MTPA processing plant and heavy fuel oil power plant at its Tonkolili Mine site in Sierra Leone. This plant, capable of delivering 10 million tons per year, represents a significant advancement in optimizing ore into 66% iron concentrate.

LRMG, renowned for its vertical integration approach, has set a new industry standard. Salim Sillah, Chief Technical Officer of LRMG, highlighted the company’s growth trajectory, citing the recent launch of the $200 million 12 million tons processing plant and the current $500 million investment in the 30 million tons facility within two years. Describing LRMG as “ambassadors of change,” Sillah emphasized the company’s dedication to innovation and progress.

Collin Ding, President of LRMG, underscored the project’s importance for Sierra Leone, noting the creation of over 6,000 jobs thus far, with plans to expand to 15,000 by 2025 through this project. This substantial job creation aligns with President Bio’s ambitious goal of generating 500,000 jobs by 2028. The project promises significant benefits in terms of royalties, fiscal revenue, and overall development for the country.

Julius Mattai, Minister of Mines, praised LRMG’s contributions to Sierra Leone’s mining sector, highlighting their track record of integrity and success. The collaboration between LRMG and MML resulting in the export of $800 million worth of iron ore underscores the company’s positive impact on the national economy and its commitment to collaborating with other companies to enhance the mining industry.

In his statement, Sierra Leone Vice President, Dr. Alhaji Mohamed Juldeh Jalloh commended LRMG for its dedication and investments, recognizing its pivotal role in advancing Sierra Leone economically and socially. The project symbolizes a beacon of progress for the nation, with the government committed to supporting initiatives that drive prosperity and growth.

LRMG’s Tonkolili Iron Ore project emerges as a global player in the industry, positioning Sierra Leone prominently on the world stage. The project not only enhances the country’s economic outlook but also enriches its human capital, emphasizing the collaborative efforts that have enabled this transformational project.

As the local community, government officials, and stakeholders unite in celebrating this significant milestone, the inauguration of LRMG’s processing plant marks a momentous step towards a brighter future for Sierra Leone and its people.




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