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SLCB Reassures Customers After Temporary Service Disruption


Sierra Leone Commercial Bank Limited (SLCB) has assured its customers and the general public that a temporary disruption to some of its banking services on Friday, June 26, 2026, was caused by an unexpected technical glitch, which has now been fully resolved.

In a public notice, the bank confirmed that all services have since been restored and operations across its branches have returned to normal.

SLCB emphasised that the disruption was strictly technical and not related to cash availability or the bank’s liquidity position. The institution reassured customers that it maintains sufficient cash reserves to meet their needs at all times.

“We wish to reassure the public that the issue was purely technical,” the statement noted, adding that customers can continue to carry out their transactions without concern.

The bank expressed regret for any inconvenience caused during the brief interruption and thanked customers for their patience, understanding, and continued confidence.

SLCB further reiterated its commitment to providing secure, reliable, and uninterrupted banking services, stating that measures are being strengthened to enhance system resilience and prevent similar occurrences in the future.

The bank also expressed appreciation for the continued trust and support of its customers and the general public.



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Government of Sierra Leone Revokes Temporary Tax Incentives Granted to Sierra Rutile


The Sierra Leone government has revoked a generous tax break for mining company Sierra Rutile Limited (SRL), citing the company’s improved financial performance as a breach of good faith.

In a letter addressed to SRL and made available to Sierraloaded, Finance Minister Shęku A.F. Bangura announced the government’s decision to revert to the original 2001 agreement’s fiscal regime, effective July 1st, 2023. This move cancels the temporary tax base reset incentives granted in August 2021 to help SRL recover from financial difficulties.

The minister justified the action by highlighting SRL’s “increasingly growing reported revenues and Net Profit After Tax of over $75 million in each of the last two years.” He argued that this success, driven by increased production and rutile prices, contradicted the justification for the tax break and deprived the government of much-needed tax revenue.



Bangura emphasized that the initial tax incentives were offered “in good faith” to ensure SRL’s survival after it threatened to suspend operations in 2021. However, he expressed disappointment that SRL failed to inform the government about its improved financial situation.

“This is completely unfair to the Government and people of Sierra Leone,” Bangura stated, pointing out the missed opportunity to use the withheld tax revenue for development programs.

The letter instructs the National Revenue Authority to collaborate with SRL to determine the revised tax obligations under the original agreement. It concludes by urging SRL to “show responsible business practice” and accept the decision.



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