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Sierra Leonean Digital Osusu App, MiKashBoks Introduces Innovative Personal Savings Feature


MiKashBoks, the pioneering “Osusu Na Yu Phone” fintech app founded by Sierra Leonean tech entrepreneur Salton Massally, proudly announces the launch of its personal savings feature, now available to customers in Sierra Leone.

Expanding its commitment to financial empowerment, MiKashBoks enables users to effortlessly transfer funds from their mobile money to their Personal “Mi Cashbox” wallets. This new feature allows users to grow their savings and earn interest securely, enhancing their financial stability and independence.

Key Benefits of Individual Savings Feature:

1. Secure Growth: Safely increase savings with a dedicated “Mi Cashbox” wallet.
2. Set goals and track your progress
3. Earn Interest: Benefit from earning interest on saved funds, contributing to financial growth.
4. Ease of Use: Transfer funds seamlessly from your mobile money to your Individual “Mi Cashbox” accounts.
5. Access to your money when you need it – no need to queue in a bank!



Since its August 2023 inception, MiKashBoks has grown rapidly, adding 1500 customers in its first 90 days.

MiKashBoks recently obtained its financial services licence from the Bank of Sierra Leone and has also stated its commitment to supporting financial literacy in the country.

“The introduction of ‘Mi Cashbox’ for personal savings is a game-changer in our mission to enhance financial empowerment in Sierra Leone. This feature allows our users to grow their savings securely and offers the added benefit of earning interest, contributing to their financial wellness. We remain committed to innovating in ways that support and expand financial inclusion, providing our users with robust tools to build their financial futures.” – Salton Massally, Founder, MiKashBoks

For Sierra Leone residents, you can Download MiKashBoks on the Google Play Store. For non-smartphone users, save and receive payouts using the SMS/USSD shortcode *352#.



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RCBank Honored with National Education Champions Award for Outstanding Contributions to Sierra Leone’s Education and Development


Rokel Commercial Bank, standing as the leading commercial bank in the nation, is swiftly gaining early recognition in 2024 for its substantial contributions to education and the overall development of Sierra Leone.

The bank’s remarkable efforts in supporting education and community development have not gone unnoticed, marking a commendable start to the year.

The Bank was awarded for its eminent contributions to the educational sector over the past five years on the 27th January, 2024 during the National Education Champions Awards – Dinner & Awards Night at the Hotel Cabenda Signal Hill Freetown by the Mamie Mariama Justice Ganawah Education Foundation.



Additionally, the Foundation presented a plaque award of Significant Contributor in the Education Sector to the Managing Director & CEO of RCBank, which was received by the Head of Public Relations Unit (Aruna Dumbuya) on behalf of the MD.

The keynote speaker, Mr. Alhaji Allieu Sesay is an accomplished Policy Analyst, Economic Management Specialist, Tax & Customs Expert, Macroeconomist, and Econometrician with over twenty-five (25) years of professional experience in research, policy analysis, public policy, management, economic and public financial strategist.

Mr. Sesay recognized the good work of the foundation and commended Mr. Justice Ganawah for thriving on the ideologies of his mother. Mr. Sesay noted the importance of education and encouraged all to support the philanthropic work of the foundation; as the foundation’s concept is in line with the achievement of quality and sustainable education and meeting Universal Global Objectives for poverty reduction and sustainable development in education.

The Chief Executive Officer (CEO) Justice Ganawah – of the Foundation commented on the focus, mission and vision of the foundation, stating that their work is geared towards achieving quality and sustainable education for the less privileged and hardworking students in Sierra Leone.

‘Hence Mamie Mariama Justice Ganawah Education Foundation (MaMJGEF) is here for the less privileged and hard-working students to acquire high-quality education and to ensure high standards in the educational system in Sierra Leone, he stated’. He apprised that their vision is to eradicate illiteracy in Sierra Leone by creating an educational platform that ensures the highest standards of an inclusive system.

Commenting on the background and purpose of the foundation, Mr. Ganawah stated that the foundation is built on the legacy of the late Mamie Mariama Ganawah of blessed memory, who was someone that had passion for high-quality education.

The Mamie Mariama Justice Ganawah Education Foundation (MaMJGEF) is raising awareness among members to take active roles in improving the nationwide problem of access to quality education and its importance in the country. The foundation’s purpose is to work with a mission of informing vulnerable communities about literacy issues in the country.

The impressive honor awarded by The Mamie Mariama Justice Ganawah Education Foundation (MaMJGEF) reflects the Bank’s outstanding performance and Corporate Social Responsibility (CSR) services to the people of Sierra Leone.

Dr. Gilpin’s Humanitarian Foundation (GEED) maintains similar ideologies and creeds to that of The Mamie Mariama Justice Ganawah Education Foundation (MaMJGEF) to consider the underprivileged and destitute.

RCBank – The Bank of choice!!!!!



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Sierra Leoneans Express Concern Over Rejection of Five-Cent Coin by Bus Drivers, Businesses


Sierra Leoneans are voicing their concerns and demanding clarification on the functionality of the Sierra Leone 5 cent coin, commonly referred to as “five block.” Many citizens are experiencing difficulties as business establishments, including drivers and merchants, are increasingly refusing to accept these coins, asserting that they are impractical for transactions within the country.

In an interview conducted by Sieraloaded, citizens shared their frustrations and sought answers from the authorities. Susan Wright, a student at FBC University in Sierra Leone, expressed concern about drivers and their apprentices consistently rejecting the five-cent coins. She urged the Sierra Leone Bank Governor to provide an explanation regarding the significance of these coins and where they are intended to be used in the country.

On the other hand, Abu Sesay, a businessman operating in the central business district of Freetown, contested the claims made by customers. He argued that customers themselves are refusing to accept coins as change, leading to a situation where many business owners, in turn, are reluctant to collect these coins from their patrons.



This growing issue appears to be a two-sided problem, with both customers and businesses contributing to the reluctance surrounding the acceptance of five-cent coins. As a result, a considerable number of citizens find themselves grappling with a limited usability of these coins in everyday transactions.

The plea from citizens, especially students like Susan Wright, highlights the urgency for an official explanation from the Sierra Leone Bank Governor. Addressing the concerns raised by the public and providing guidance on the appropriate use of the five-cent coins could help alleviate the prevailing confusion and foster a smoother circulation of these coins in the economy.

The situation emphasizes the need for effective communication between monetary authorities and the public to ensure a harmonious flow of currency in daily transactions. As the discussions around the functionality of the five-cent coin continue, it remains to be seen how the authorities will respond to the citizens’ demands and work towards resolving the challenges surrounding the acceptance of these coins in Sierra Leone.



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Notification for Public Disclosure on the Environmental Social Health Impact Assessment Report for Long Lush (SL) Ltd in Bambatok and Senehum Villages Upper Banta and Bagruwa Chiefdoms Respectively, Moyamba district, Southern Sierra Leone.


This advert serves to notify interested and/or affected persons/parties of the Environmental Social Health Impact Assessment was conducted for the Long Lush (SL) LTD, Freetown Sierra Leone.

In conformity with the Sierra Leone Environmental Protection Agency Act 2008, the LONG LUSH (SL) LTD Project needs to be planned and designed in a manner that minimizes potential negative social and environmental impacts.

This is expected to be achieved through the ESHIA Process that was undertaken by Geomining Consultancy (SL) Ltd.



The Environmental Social Health Impact Assessment (ESHIA) report has been presented to the Environmental Protection Agency (EPA-SL) to be presented to the affected and interested stakeholders during the public disclosure processes for discussion.

Geomining Consultancy, EPA – SL and Long Lush Group (SL) Ltd, propose to conduct stakeholder engagement process at the following locations and dates:
Babatok Village, Upper Banta Chiefdom, Moyamba District on 12th January 2024

Senuhun Village, Bagruwa Chiefdom, Moyamba District on 13th January 2024

The report is now available for reference purposes at any time at the following locations:

The Environmental Protection Agency Sierra Leone (EPA-SL) office, 92 Dundas street, Brookfield, Freetown;

Long Lush (SL) Ltd, 65 Siaka Steven Street Freetown

Geomining Consultancy at 33 Victoria Street Freetown.

Stakeholders and/or interested person/parties are invited to participate in the consultation process for the Public Disclosure processes at the above-mentioned locations.

Your input and any issues or insights that you may have regarding the projects will be valuable.

Comments can be submitted verbally at the Stakeholder’s workshop or written format. Written comments must be sent to the following contacts below.

We look forward to your participation in the consultation and disclosure process.



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Bank of Sierra Leone Warns of Illegal Super Advertis Investment Scheme


The Bank of Sierra Leone (BSL) issued a strong warning today against an online entity called “SUPER ADVERTIS” that is illegally soliciting investments through mobile money platforms.

The BSL emphasized that it has not licensed SUPER ADVERTIS for any financial activity, and engaging with them for investments poses a real risk to the public’s finances.

According to the BSL’s public notice, SUPER ADVERTIS appears to be enticing individuals to invest in a secretive financial scheme using mobile money platforms, which involves accepting deposits from the public. However, the BSL clarifies that “SUPER ADVERTIS” operates without the necessary license, making their operations illegal and potentially fraudulent.



The BSL urged the public to exercise extreme caution and refrain from any financial transactions with SUPER ADVERTIS. To ensure their safety, the BSL advised everyone to verify the presence of a valid BSL-issued license displayed in the premises of any financial institution before engaging in any transaction.

The BSL’s warning extends to all similar unlicensed businesses operating in Sierra Leone. The notice stresses that such illegal schemes pose a significant threat to the stability and safety of the nation’s financial system.

This timely intervention by the BSL highlights the growing concern over unregulated financial activities, particularly those targeting mobile money users. As mobile money transactions become increasingly popular, ensuring user protection and preventing fraudulent schemes remains a crucial challenge for financial authorities across Africa.

The BSL’s public notice serves as a wake-up call for Sierra Leoneans, urging them to prioritize caution and due diligence when considering any investment opportunity, especially if it involves mobile money or operates outside the official financial system.



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Orange Sierra Leone Exposes Scam Involving Super Advertis


Orange Sierra Leone, a leading mobile company in Sierra Leone has continued to disassociate itself from the fraudulent activities of Super Advertis, an online business platform reported to have defrauded Sierra Leoneans of a staggering 9 billion Leones.

In a statement made available to Sierraloaded, Orange revealed the deceptive tactics employed by Super Advertis scammers. The company clarified that unauthorized agents were illicitly collecting funds on behalf of the fraudulent platform. Immediate action was taken upon discovering these deceitful transactions, with Orange Sierra Leone promptly blocking the accounts of these unauthorized agents.

The mobile company emphasized that these agents lacked the authorization to engage in such financial transactions, and their accounts were suspended to prevent further fraudulent activities.



“They were using our agents to collect funds on their behalf. These agents are not authorised to perform these type of transactions. When we got alert of these fraudulent transactions we immediately blocked the accounts of these agents.” the mobile network company said.

Orange Sierra Leone has taken a proactive approach by reporting the issue to the Bank of Sierra Leone (BSL) and is now awaiting the next steps in the investigation.

According to Orange Sierra Leone, the blocked accounts do not show any clear indication that the embezzled funds are directly related to Super Advertis transactions. The company clarified that the primary reason for blocking the accounts was to curtail the involvement of the suspended agents. Interestingly, all attempts to reach these agents have been unsuccessful, adding another layer of mystery to the unfolding situation.

The company’s message serves as a cautionary note to its partners and the general public, urging them to remain vigilant and exercise caution when dealing with financial transactions related to Super Advertis.

Orange Sierra Leone’s commitment to transparency and swift action in response to the fraudulent activities demonstrates its dedication to protecting its partners and customers from potential scams.

As the investigation unfolds, Sierra Leoneans are anxiously awaiting updates from both Orange Sierra Leone and the Bank of Sierra Leone, hoping for justice to be served against those responsible for this significant financial fraud.



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Super Advertis Reportedly Defrauds Sierra Leoneans of 9 Billion Leones


Super Advertise, an online business platform operational in Sierra Leone from October 2023 to late December 2023, finds itself in a startling situation as it faces allegations of fraudulent activities. According to reports from the Gleaner Newspaper, Super Advertis is accused of defrauding Sierra Leoneans, amounting to over Le 9,000,000,000.00 ($369,000.00) through task commissions.

Adding complexity to the situation, Super Advertise asserts that Orange-SL, a prominent mobile operator, has frozen all its accounts. This move by Orange-SL not only raises concerns but also intensifies the dispute as the online promotion service platform accuses the mobile operator of obstructing its operations.

Responding swiftly to the serious accusations, Orange-SL issued a statement on January 3rd, 2024, vehemently refuting any involvement or contractual association with Super Advertise. Orange-SL clarified that there are no frozen accounts linked to the accused company on their Orange Money platform.



The conflicting narratives from Super Advertise and Orange-SL have created unease within the Sierra Leonean community. Authorities are now tasked with the challenging responsibility of uncovering the truth behind these allegations and assessing the extent of Super Advertise’s alleged fraudulent activities.

The reported defrauded amount of Le 9,000,000,000.00 ($369,000.00) adds financial distress to an already sensitive matter, prompting affected individuals to seek justice and accountability for their losses.

This unfolding saga underscores the risks associated with online platforms and emphasizes the importance of exercising due diligence in engaging in online transactions. It serves as a reminder for users to be cautious and prompts regulatory bodies to enhance oversight in the continually evolving landscape of online services in Sierra Leone.



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New Online Business Company, Super Advertis Shuts Down in Sierra Leone


Newly introduced online business Company, Super Advertis has announced to customers that it will shut down in 2 – 3 days from today Tuesday 2nd January 2024.

This announcement was made on its website early today. According to the announcement, all funds of the company have been frozen by Orange, hence the reason for its shutdown.

The Company has directed its users and partners to go to Rakuten, which it stated is its other branch, to retrieve all their money.



It further directed that they contact the manager of Rakuten and send their account ID as well as their balance screenshots, to handle fund withdrawals.

The development comes a few days after mobile money giant, Orange disassociated itself of any partnership with Super Advertis saying it does not have any contractual dealings or in any way associated with the business/company.

Super Advertis company was introduced in Sierra Leone in 2023. The platform recruited online workers who were asked to complete daily tasks, with a daily income of 50-500 NLE. It also promised corresponding commissions by completing the increase in praise of the products on the platform.



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Bank of Sierra Leone Foreign Currency Exchange Rate For December 15, 2023


The Bank of Sierra Leone has on the 15th of December 2023 released the official foreign exchange rate in the country.

The rates include the cost of buying and selling major foreign currencies including Pounds Sterling, Euros, and United States Dollar, amongst others.

The Central Bank’s disclosed rates are as follows:



Pounds Sterling: Buy at Le 28.718-0.35, Sell at Le 29.01588-0.35

• U.S. Dollars: Buy at Le 22.531-0.06, Sell at Le 22.7575

• Euro: Buy at Le 24.4891-0.15, Sell at Le 24.7302-0.15

Note: The Movements in the exchange rate influence the decisions of individuals, businesses and the Sierra Leone government. Collectively, this affects economic activity, inflation and the balance of payments.



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Elephant Bet Emerges as Sierra Leone’s Premier Betting Company, Delighting Customers and Retailers Alike


In a recent interview, esteemed retailer Bonton Cole shared his exceptional experience with Sierra Leone’s leading betting company, Elephant Bet. Praising the company’s streamlined online platform and cutting-edge technology, Cole emphasized how Elephant Bet stands out for its efficient payment system, ensuring timely payouts, a significant edge over other betting firms.

One remarkable feature highlighted by Cole was Elephant Bet’s unique commission structure. The company pays out commissions every two weeks in physical cash, aligning with individual sales. Football games earn a commission of Le 8 for every Le 100 in sales, while the 5/90 Lotto yields Le 16 for every Le 100 sold. This lucrative incentive has empowered customers, with notable wins reported—such as a staggering 48 million leones scored from a mere Le 20 ticket.

Cole also commended Elephant Bet’s commitment to excellent customer care, emphasizing their attentive treatment of retailers. Notably, Elephant Bet pledges to repair retailer machines free of charge, ensuring seamless operations for their partners.



Notably, Cole stands among Elephant Bet’s top five highest-selling retailers, consistently generating approximately Le 2 million in sales per day—a testament to the company’s robust offerings and customer trust.

Elephant Bet, renowned for its diverse portfolio encompassing sports betting and casino products, including live betting, virtual games, attractive promotions, and substantial prizes, continues to redefine the betting landscape in Sierra Leone. With a reputation for reliability and innovation, it remains the go-to choice for discerning bettors seeking a comprehensive and trustworthy betting experience.



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