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In a strategic move to showcase Its ongoing progress on the construction of their industrial Zone, Arise Integrated Industrial Platforms [ARISE IIP] has conducted a special visitation tour with Journalists, Community stakeholders to monitor construction work on Friday 20th October, 2023 at Koya.
The ongoing construction work is part of the project, which was launched by His Excellency President Julius Maada Bio on 26th April 2023, marking as a pivotal moment for the foundation of the Special Koya Industrial Zone (SIZ-Koya) in Koya Chiefdom, Port Loko District
Speaking on the rationale behind ongoing Project, Ambassdor Anthony Navo thanked the government and the Koya community stakeholders for being very supportive to make the project success. He revealed that this is the first media tour at the Koya Sierra Leone Industrial zone since his Excellency President Julius Maada Bio launched the Project some months adding that the work commenced on the 1ST of September with a 24 months Plan to complete the first phase of the Project.
“In the first Phase we are going to build the first set of factories with 15O hectares land space. This factory will also have to transport local produce across the country because ARISE also support farmers across Sierra Leone because we are doing a 500 megaton rice mill here. If farmers are planting rice, they will be give seed money, fertilizers and after harvesting they sell to ARISE. That is why we are praying for us to get the transportation train to bring these various produce inside the zone because it’s a twin project. You went to Gabon and see how train went to up country pick produce and come to the zone and it is the same format. For the entire Project in Phase one we target to employ 34,000 workers before we go to phase 2 and 3,” Navo stated.
He further revealed that the estimated worth of the first Phase project is 410 million dollars and they are also planning to build a 200megwatts powers to generate electricity for the Industrial zone sell some to the government. He affirmed that if all things being equal the first phase is expected to be completed in 24 months.
Appreciating the groundbreaking investment, Paramount Chief Bai Kompa Bomboli 111 of Koya Chiefdom Port Loko started by thanking the almighty God and the various institutions for witnessing the historic development. He recalled that when the President commissioned the Project he spoke with them and encouraged the entire people of Koya Chiefdom to embrace the Project. He confirmed that when the initiative was brought to him about the construction of ARISE industrial Zone he was a bit worried. However, considering the fact that Koya has 19 or Area or rural Chiefdoms, a boundary with Moyamba District, Western Area rural and Urban and he is unable to create Jobs for them adding that he believes this investment will change the narrative. He thanked the ARISE Investors and President Bio for being very kind to his community.
He urged Journalists to do proper investigative Journalism and report fairly. He recalled that at first people were attributing the launching of the project as a political stunt but now politics is over and the Project is ongoing. He emphasized that if the Industrial Zone is created thousands of youths will benefits the youths Sierra Leone devoid of background or region. He affirmed that the Jobs that ARISE will be providing will help to reduce unemployment and crime rates in the country. He encouraged Journalist to reach out to them if they have any doubts or want to make clarifications.
The Construction Manager Santosh Goham pointed out that ARISE believes that the investment in Sierra Leone will to create a sustainable economic development for the country and their operational areas. He confirms that they have already started to construct a boundary wall which covers 150 Hectares of land. He assured that they will achieve the construction of International Ideal Production standards which include roads, water, electricity supply system, storage, warehouse facilities and Logistics adding they will make provision for the Inland Container Port in collaboration with the Port authorities. He emphasized that in the first phase their commitment will cover the Manufacturing of Rice Mill, Pharmaceuticals, Tiles, Recycling, Paints, amongst others small and large scale Manufacturing. He confirmed that they are also working simultaneously with their International Partner for the creation of Power to provide sustainable electricity for effective production in the Industrial Zone.
ARISE Integrated Industrial Platforms (ARISE IIP) is also expecting the arrival of Passenger Railcars in the country. This initiative is part of a broader strategy to revamp the mining sector, offering improved access to rail and port facilities and stimulating economic activities.
The Bank of Sierra Leone has approved the 2022 financial statements and balance sheet of the Rokel Commercial Bank, showing a staggering profit (before tax) of Le94BN (Ninety-four Billion Old Leones), representing a 5.96% increase from Le88BN. (Eight-Eight Billion Old Leones) profit in 2021.
Customer deposits also grew from Le1.7 Trillion (old Leones) in 2021 to Le2.4 Trillion (Old Leones) in 2022. While its 2023 balance sheet is yet to be reported, sources say RCbank is set to announce a record-breaking profit of aroud Le200 BN (Two Hundred Billion old Leones) this year. The bank has again pulled this through in the midst of a harsh global economic environment invariably affecting the local economy.
Clearly, the Rokel Commercial Bank is unrelenting in its pursuit to become the biggest and most digitalized financial institution in Sierra Leone and the entire sub region.
Currently, the bank boasts of the highest number of branches and cash points across the country triggering an exponential increase in customer base. In September, this year RCbank launched a number of Electronic Banking (E-Banking) products and services, prominent among are Pre-Paid Cards, Visa Cards and cardless Automated Teller Machines (ATMS).
While plans are afoot to extend these user friendly and highly securitized banking cards to other institutions, the bank is completing the installation of 20 additional ATMs to its current stock of 15 at branches and outlets nationwide – leaving the Rokel Commercial Bank with largest spread of ATMS ever in the history of the Sierra Leone banking industry.
Sierra Leone’s President Julius Bio made a resounding commitment to bolster business development in Sierra Leone during his address at the Rebranding Africa Forum meeting held in Brussels on 20 October 2023.
President Bio emphasized his dedication to supporting and encouraging business growth in Sierra Leone while addressing officials and fellow African leaders. He stressed the strong and harmonious relationship between the government of Sierra Leone and the private sector, underscoring a robust bond that facilitates cooperation.
The President’s statements were corroborated by the recent annual political dialogue he had with the European Union and various private companies operating in Sierra Leone, reflecting the collaborative efforts to promote economic progress.
“I am here fighting, or attempting to be a marketer because I want to convince you that I am up to the task,” President Bio declared.
He expressed his unwavering commitment to attracting more businesses to Sierra Leone, stating, “Whatever it takes to bring more businesses into Sierra Leone, I am prepared to convince you and provide support.”
President Bio’s remarks highlight his administration’s dedication to fostering economic growth and strengthening Sierra Leone’s position as an attractive destination for investments and business development.
The Rebranding Africa Forum provided a platform for African leaders to discuss strategies for enhancing the continent’s economic prospects, and President Bio’s strong endorsement of Sierra Leone’s private sector aligns with the broader goals of the event.
Sierra Leone’s Ministry of Finance has engaged the banking sector and other key private sector players in the 2024 finance bill formulation.
The Ministry commenced consultations with these sector players in developing tax policies to form part of the 2024 Finance Bill to be tabled by the Minister of Finance later this year for proper justification and approval.
These consultations according to them are part of the Ministry’s approach to formulating revenue and tax policies with public institutions and the private sector to get their input and seek cooperation when these policies eventually come into effect.
They maintained that the engagements would continue with Importers, exporters, Local Manufacturers, Telecoms, and private sector players.
Africell, one of the leading mobile money service providers, has announced a new, customer-centric initiative. Under the slogan, “Send Money for FREE everyday on Afrimoney,” the company is now offering its users the opportunity to send money without incurring any charges, regardless of the transaction amount.
Africell’s Afrimoney, a trusted mobile money platform, has long been recognized for its commitment to customer satisfaction and its dedication to simplifying financial transactions for its user base. This new offer underscores the company’s mission to make financial services more accessible and affordable for all.
Africell confirmed this new offer in their recent SMS message they sent to their customers, “Send Money for FREE everyday on Afrimoney. Zero charges, no matter the amount EVERYDAY only on Afrimoney. Dial 1611# now. Afrimoney cares for you.”
From their message, customers are now able to send money to friends, family, or business associates without the burden of fees or transaction costs. This bold move aligns with Afrimoney’s motto, “Afrimoney cares for you,” demonstrating the company’s unwavering commitment to the financial well-being of its customers.
To take advantage of this exciting offer, customers can simply dial 1611# on their mobile devices and follow the prompts to initiate fee-free money transfers on Afrimoney. This initiative is set to make a significant impact on mobile money services in the region, empowering users to manage their finances with greater ease and convenience.
Africell’s Afrimoney is expected to gain even more prominence in the mobile money service sector with this initiative, setting a precedent for affordable and customer-friendly financial solutions in the region.
In a grand culmination of the Customer Service Week, staff at Guaranty Trust Bank Sierra Leone (GT Bank SL) headquarters showcased a vibrant array of attires representing their diverse clientele on Friday, October 14.
This gesture of appreciation for customers’ contributions resonated across its 14 nationwide branches, highlighting various professions such as nursing, teaching, engineering, sports, law enforcement, and students, among others.
To emphasize its commitment to a customer-centric approach, GT Bank organized an interactive session to garner feedback for improving its services.
Arthur Kallon, Head of Corporate Affairs, spoke about the significance of the Customer Service Week. He said, “Internationally observed in the first week of October, this week is a special occasion for corporate entities to express gratitude towards their customers.” Kallon praised the enduring bond between GT Bank and its customers, emphasizing the bank’s dedication to aligning its services with customer feedback.
Shedding light on the week’s intent, Kallon said, “This celebration goes beyond appreciating just our customers. It’s also about acknowledging the symbiotic relationship between our staff and customers.” He elaborated that it serves as an avenue to celebrate the mutual relationship in a festive spirit.
Detailing the week’s activities, Kallon mentioned, “Our five-day celebration aligns with what’s being observed across all GT subsidiaries in Africa and the UK. There are areas we’ve amplified and others we’ve maintained consistency.” He pointed out the various celebrations at the branches, noting the symbolic attire staff wore, reflecting GT Bank’s official colors, orange and white. “Our branches buzzed with activities, from raffle draws where staff won various items to refreshments for a light-hearted mood,” he added.
In a poignant finale to the week, staff dressed in outfits symbolizing the diverse professions they cater to, reinforcing the profound connection the bank shares with its myriad customers.
Guaranty Trust Bank, with its 14 branches in Sierra Leone, caters to a wide range of clients across consumer, commercial, and corporate sectors. Upholding its mission to make banking more accessible, GT Bank continues to pioneer digital banking solutions for its patrons.
Rokel Commercial Bank is set to unleash what could go down in history as the biggest spread of Automated Teller Machines (ATMs) across the country. With 15 already installed in branches and other designated areas, 20 more will soon be added to what would become the biggest ATM distribution in Sierra Leone’s modern banking history.
In September this year, Rokel Commercial Bank made a statement of intent. The bank’s quest to become Sierra Leone’s most forward-looking financial institution was expressly demonstrated with the launch of upscale, user-friendly and highly securitized Electronic Banking (E-Banking) products and services.
The launch, attended by prominent actors in the financial industry including the Ministry of Finance and the Bank of Sierra Leone was equally, a statement that further lent credence to the all-two familiar narratives that the bank’s management, headed by seasoned finance and economic expert, Dr. Walton Ekundayo Gilpin has not wavered in its ambition to promote financial inclusion – a government commitment for the country’s attainment of Middle-Income Status by 2035. Apparently, this resonates well with President Julius Maada Bio’s call for a sound financial management system in Sierra Leone. The grand launch was also a testament to RC Bank’s level of consistency in maintaining an upward growth trajectory as shown by yearly bigger profit margins and impressive prudential statistics.
The products and services unveiled at the E-Banking launch like the enhanced and securitized Prepaid Card, Visa Card, Proprietary/Local Card, Cardless Transaction on ATM, ATM Terminals and Money Transfer platforms like Moneygram, Western Union and Ria, have become an instant hit in the financial market with customers sharing appetizing testimonies barely two months after they were launched. In fact, the cards are so exceptional that the Bank intends to roll them out to other institutions.
Rokel Commercial Bank prepaid cards and visa cards are certainly not your usual banking transaction card. According to a customer who has utilized the Rokel Bank prepaid card.
“These cards are on a whole new different level. Aside from the feel good element in using them as a customer, I feel my transaction is now far more smoother and secured than any other card I have used from another bank…..I am filled with pride and enjoy each time I use my card because not too long ago, some of these things are simply not available in our indigenous banks….”
49-year-old Kainde Mary Sesay, a petty trader in Freetown said other cardless transaction products like the Rokel Sim Korpor application now holds a special place in her heart as she can directly deal with customers whether they are RCbank account holders or not.
“Nowadays, I do not have to worry about being paid in cash as my customers and I can easily transact business using the Rokel Commercial Bank Simkopor app….it has made life a lot easier and I have started seeing growth in my business…” she said.
According to many observers, the bank’s recent exploits hold greater promise for customer satisfaction, its growth and overall contribution to the economy. Indeed, this new flavor of RCBank under the sound professional counsel of Dr. Gilpin, has made us proud as Sierra Leoneans – to see one of our local institutions growing with such finesse.
Orange Money, the leading mobile money transaction services in Sierra Leone has made clarifications to its customers on the new 15% GST increment on its services.
The 15% GST increment on all Orange Money transactions came into effect on Sunday 15th October 2023 which sparked contravenes among customers for lack of better understanding of the new tariff.
According to Orange Money, the cash-out fee of 1-14.99 is 0.45 with a GST of 0.07 and a total fee of 0.52, while 15-29.99 fee is 0.97 with a GST of 0.12 and a total fee of 0.91.
QNET, the global wellness and lifestyle-focused direct-selling company celebrated its 25th anniversary with a spectacular double convention in Penang, Malaysia. The milestone event brought together a staggering 20,000 attendees from over 20 countries, including Sierra Leone, for two back-to-back conventions in September.
In line with the company’s commitment to promoting a healthy lifestyle and reducing its environmental impact, QNET launched two standout products at the anniversary conventions.
1) Homepure Nova with Pi-Plus Cartridge – An enhanced version of the company’s bestselling HomePure Nova 9-stage water filtration system, which promises improved hydration and fortified antioxidant benefits in your drinking water.
2) Bernhard H Mayer OMNI Watch Collection – A new range of Swiss timepieces crafted with eco- friendly materials certified by LEED (Leadership in Energy and Environmental Design), proving luxury and sustainability can go hand in hand.
The five-day conventions provided a valuable platform for QNET’s customers and distributors to deepen their product knowledge, engage with experts, and experience dynamic product demonstrations.
Attendees also benefited from business-building training sessions, learning opportunities from accomplished distributors, and insights into industry knowledge. The events were further enlivened by guest appearances from Bollywood celebrities and performances by international entertainers.
Demonstrating its commitment to sustainability, QNET implemented several eco-conscious initiatives during the conventions to reduce carbon footprint. From partnering with environmentally responsible vendors for booth constructions, eliminating single-use plastics, minimising printed materials through digital alternatives like QR Codes, to distributing purchases in reusable bags made from eco-friendly materials, every facet of the event embodied sustainability.
QNET’s venue of choice, the Setia SPICE Convention Centre in Penang is the world’s first hybrid solar-powered convention centre and is also Green Building Index certified. The centre has also implemented initiatives such as bottling drinking water in-house, waste segregation, and rainwater harvesting to support its net zero goals.
In a further step towards environmental stewardship, QNET has pledged to plant 2,500 trees in Malaysia, to offset the event’s carbon footprint.
“We are immensely proud of the empowering ecosystem we’ve nurtured, grounded in our core philosophy of RYTHM—Raise Yourself To Help Mankind. As we commemorate this significant milestone, we also cast our eyes forward to a future filled with promise and potential. With our commitment to innovation, sustainability, and global community building, QNET is poised to not only adapt but thrive in the dynamic landscape of wellness and lifestyle, offering unparalleled opportunities for entrepreneurship and personal development to individuals around the world. Here’s to the next chapter of impacting lives positively and promoting holistic wellness, as we continue this remarkable journey together,” stated Malou Caluza, CEO of QNET.
About QNET
QNET is a prominent lifestyle and wellness company that uses a direct selling business model to offer a wide selection of exclusive products that enable individuals to embrace a healthier, more balanced life. Established in 1998, QNET marks 25 years of making an impact around the world through its product offerings and e-commerce-powered business model, in 2023.
QNET proudly holds memberships in the Direct Selling Association in several countries, the Hong Kong Health Food Association, the Health Supplements Industry Association of Singapore, and more.
QNET is also active in several global sports sponsorships including in its role as the official direct selling partner of the Manchester City Football Club and the Confederation of African Football (CAF), underscoring its commitment to excellence and global reach.
To learn more about QNET and its mission of RYTHM – Raise Yourself To Help Mankind, please visit www.qnet.net
