Trade Minister Announces $428 Million in Factory Investments to Create 2,300 Jobs in Sierra Leone

October 31, 2024

In a major boost for Sierra Leone’s economy, Minister of Trade and Industry Ibrahim Alpha Sesay announced that over ten factories have committed a total of $428 million in investments. These new investments are expected to generate 2,300 direct jobs, supporting President Julius Maada Bio's "Big Five Game Changers" initiative aimed at transforming key economic sectors.

The investments cover various industries, including manufacturing and agribusiness, as the government focuses on reducing import dependency, strengthening local production, and promoting employment opportunities. "This capital influx will drive economic growth and enhance Sierra Leone’s self-reliance," Minister Sesay noted.

This development is part of the Big Five Game Changers plan, designed to advance trade, agriculture, tourism, energy, and human capital development. The administration aims to create a favorable climate for both foreign and local investors. These new factories align with Sierra Leone's goal of sustainable industrialization and long-term economic stability, marking a critical step toward the government's broader objectives for national development.