Sierra Leone means “Mountain Lion”Sierra Leone is located coast of the Atlantic Ocean in West Africa,Sierra Leone Is half the size of Illinois and slightlysmaller than South CarolinaGuinea, in the north and east, andLiberia, in the south, are its neighborsTotal land area:27,699 sq mi (71,740 sq km)Geography and Location
Sierra Leone Motto :Unit Freedom JusticeBecame an independent nation on April 27, 1961Country Capital: FreetownLargest city: Freetown - 1,300,0001878: British ceded Freetown as a home for blacks discharged from theBritish armed forces and also for runaway slaves who had found asylumin LondonCapital Freetown, Sierra Leone
Languages: The number of individual languages listed forSierra Leone is 25. All are living languages. Of these, 6 areinstitutional, 14 are developing, 3 are vigorous, and 2 are introubleEnglish: Official languageKrio: Speakers mainly descendants of repatriated slaves fromJamaica. Traditional religionMande: Traditional religion, Muslim, Christian.Themne: Mainly spoken in Northern Providence-Traditionalreligion, Muslim, ChristianCultural Languages
Thembe (Left) Krio (Right) Mende (Below)Sample language script/ vocabluary
Sierra Leone currency: LeoneThe SLL to USD –Historical QuotesOfficial exchange rate (LCU per US dollar; period average) in Sierra LeoneThe Official exchange rate (LCU per US dollar; period average) in Sierra Leone was lastreported at 3978.09 in 2010, according to a World Bank report published in 2012. Officialexchange rate refers to the exchange rate determined by national authorities or to therate determined in the legally sanctioned exchange market. It is calculated as an annualaverage based on monthly averages (local currency units relative to the U.S. dollar).Thispage includes a historical data chart, news and forecasts for Official exchange rate (LCUper US dollar; period average) in Sierra Leone.$$The Leone$$
Machinery and transport equipment (50 percent of totalimports),Fuel (20 percent)Foodstuffs.Sierra Leone’s main import partners are:Guinea, Ivory Coast, China and South Africa.Country Imports
Exports are controlled and monitored by the Ministry of Tradeand Industry and the Sierra Leone Investment and ExportPromotion Agency (SLIEPA) Sierra Leone Business Forumand the Sierra Leone Exporters AssociationThe National Export Strategy (NES) is a policy document forthe period 2010-2015 aimed at evaluating and discussingpotentialities and constraints to export. The main objectives ofthe NES are to boost the attractiveness of Sierra Leone andenhance its export performance, despite the fact that strategicintentions consist of increasing productivity, enhancing valueaddition, expanding export and improving human andfinancial capacity of the interested partyHow inventory is managed
Addressing the four priority sectors are selected: theagricultural sector, the fisheries sector, the miningsector, and the tourism sectorFor each subsector a four-year strategy isset, consisting of identified strategic objectives,strategy, activities, responsible partners (eitherpublic or private), and the cost over the four years.How are exports marketed
2012-The Residual Special Court for Sierra Leone Agreement (Ratification) Act, 2011 [No. 1 of 2012]Being an Act to ratify the agreement between the United Nations and the Government of Sierra Leone on the Establishmentof Residual Court for Sierra Leone signed on the 11th August, 2010 and for other related matters2011- The Public Debt Management Act, 2011 [No. 2 of 2011]Being an Act to provide for the management of the public debt of Sierra Leone and for other related mattersThe Legal Practitioners (Code of Conduct) Rules, 2010Statutory Instrument of The Legal Practitioners Act, 2000 (No. 15 of 2000)2010- The Finance Act, 2010 [No. 2 of 2010]Being an Act to provide for the imposition and alteration of taxation for the year 2010 and for other related matters.2009- The Payment Systems Act, 2009 [No. 3 of 2009]Being an Act to provide for the establishment, operation, designation and supervision of electronic and other payments,clearing and settlement systems, the rights and obligations of transacting and intermediating parties and for other relatedmattersThe Companies Act, 2009 [No. 5 of 2009]Being an Act to provide for the registration and registration of companies and for other related matters.Repeals the Companies Act [Cap. 249].Leonean Business Laws
The Mines and Minerals Act, 2009 [No. 12 of 2009]Being an Act to consolidate and amend the law on mines and minerals; to promote local andforeign investment in the mining sector by introducing new and improved provisions forexploration, mine development and marketing of minerals and mineral secondary processingfor the benefit of the people of Sierra Leone; to ensure that management of the mineral sectoris transparent and accountable in accordance with international best practice; to promoteimproved employment practices in the mining sector; to improve the welfare of communitiesadversely affected by mining; to introduce measures to reduce the harmful effects of miningactivities on the environment and to provide for other related matters.Repeals the Mines and Minerals Act, 1994. Repeals the Commission for the Management ofStrategic Resources, National Reconstruction and Development Act, 1999.The Merchant Shipping (Amendment) Act, 2008 [No. 5 of 2008]Being an Act to amend the Merchant Shipping Act, 2003 so as to provide for the licensing ofshipping agents and the regulation of their activities and for other related matters.Amends the Merchant Shipping Act, 2003 [No. 3 of 2003]The Anti-Corruption Act, 2008 *searchable [No. 12 of 2008]Being an Act to provide for the establishment of an independent Anti- Corruption Commissionfor the prevention, investigation, prosecution and punishment of corruption and corruptpractices and to provide for other related matters.Business Law cont.
The Sierra Leone Investment and Export Promotion Agency Act, 2007 [No. 3 of 2007] *searchableBeing an Act to establish the Sierra Leone Investment and Export Promotion Agency to promoteinvestments and exports and for other unrelated matters.The Diamond Cutting and Polishing Act, 2007 *searchable [No. 2 of 2007]Being an Act to provide for the control of diamond cutting and polishing, the licensing of diamondcutters and polishers, to define the rights and duties of a licensee and for other matters connectedtherewith.General Law (Business Start-up) (Amendment) Act, 2007 *searchable [No. 16 of 2007]Being an Act to amend certain enactments in order to eliminate barriers to the expeditiousestablishment, growth and development of business in Sierra Leone.Amends the Exchange Control Act (Cap. 265). Amends the Legal Practitioners Act, 2000 (No. 15 of2000). Amends the Non-Citizens (Registration, Immigration and Expulsion) Act, 1965 (No. 15 of 1965).The Registration of Business Act, 2007 *searchable [No. 18 of 2007]Being an Act to consolidate the law on the registration of businesses and business names and toprovide for other related matters.Repeals the Business Names Registration Act (Cap. 257). Repeals the Business Registration Act, 1983(No. 13 of 1983).The Goods and Services Tax Act, 2009 [No. 6 of 2009]Being an Act to provide for the imposition of a broadbased tax on the consumption of goods andservices in Sierra Leone and to provide for other related matters.Repeals the Entertainment Tax Act, 1971; the Restaurant Food Act, 1989; the ExternalTelecommunications Act, 1995; the Sales Tax Act, 1995. Amends the Development of Tourism Act,1990Business Laws cont.
Independence/ National Holiday :April 27,1961Mixed legal system of English common law andcustomary lawAll Peoples Congress or APC [Ernest BaiKOROMA]; Peace and Liberation Party or PLP[Darlington MORRISON]; Peoples Movement forDemocratic Change or PMDC [Charles MARGAI];Sierra Leone Peoples Party or SLPP [JuliusMaada BIO]Government Profile 2013
Government Type: Constitutional DemocracyExecutive branchchief of state: President Ernest Bai KOROMA (since 17 September 2007); note - thepresident is both the chief of state and head of governmenthead of government: President Ernest Bai KOROMA (since 17 September 2007)cabinet: Ministers of State appointed by the president with the approval of the House ofRepresentatives; the cabinet is responsible to the presidentelections: president elected by popular vote for a five-year term (eligible for a secondterm); election last held on 17 November 2012 (next to be held in 2017)election results: Ernest Bai KOROMA elected to a second term; percent of vote -Ernest Bai KOROMA 58.7%, Julius Maada BIO 37.4%Legislative branchunicameral Parliament (124 seats; 112 members elected by popular vote, 12 filled byparamount chiefs elected in separate elections; members to serve five-year terms)elections: last held on 17 November 2012 (next to be held in 2017)election results: percent of vote by party - NA; seats by party - APC 69, SLPP 43Judicial branchSupreme Court; Appeals Court; High CourtPolitical Party