(Sliepa Source 8)
Vision, Mission & Values
To contribute to Sierra Leone’s economic development through the leveraging of public and private sector resources to stimulate domestic and foreign investments and encourage the diversification of Traditional Exports and Value Addition Capacity Building. SLIEPA should become the model of a successful Investment Promotion and Export Development Agency for post conflict and transition economies.
Mission
To provide personalized and high value-added services and information to investors and exporters aimed at diversifying and increasing exports and their value addition as well as to further develop proven investment opportunities while maximizing their impact in the local economy.
Mandate
The Government recognizes that the country’s economic recovery and growth will depend on generating more investments and exports and therefore clearly sets out two specific mandates for SLIEPA:
a) To conduct the business of investments promotion in Sierra Leone.
b) To develop and diversify the export of traditional and non-traditional produce.
Advisory Board
The
governing body of the Agency remains the Board of Directors. The Board
comprises of a Chairperson, five Representatives from the Public Sector
and four Representatives from the Private Sector. All matters relating
to policy and budgeting issues will be presented, discussed and approval
sought by the Board before implementation. Also challenges in
overcoming bottle necks will presented to the board for support.
The objectives of SLIEPA are to promote investment into Sierra Leone and promote exports of Sierra Leonean products. More specifically the agency shall:
a) encourage and promote the development of agricultural production and other activities oriented towards exports
b) provide exporters with marketing advisory services and assist them in developing marketing plans for entering or expanding business into foreign markets;
c) identify potential investors with a view to encouraging them to invest in agriculture and other sectors of the economy, and promote both locally and internationally, the opportunities for investment in Sierra Leone;
d) collect, collate, analyse and disseminate in user friendly and accessible formats, information about investment opportunities in the economy and priority sectors in Sierra Leone;
e) facilitate co-ordination and cooperation between the public and private sectors in matters relating to investments
Our Objectives
Objectives of SLIEPAThe objectives of SLIEPA are to promote investment into Sierra Leone and promote exports of Sierra Leonean products. More specifically the agency shall:
a) encourage and promote the development of agricultural production and other activities oriented towards exports
b) provide exporters with marketing advisory services and assist them in developing marketing plans for entering or expanding business into foreign markets;
c) identify potential investors with a view to encouraging them to invest in agriculture and other sectors of the economy, and promote both locally and internationally, the opportunities for investment in Sierra Leone;
d) collect, collate, analyse and disseminate in user friendly and accessible formats, information about investment opportunities in the economy and priority sectors in Sierra Leone;
e) facilitate co-ordination and cooperation between the public and private sectors in matters relating to investments
Functions
The
administration of the Investment Promotion Act 2004 was initially
assigned to the Sierra Leone Export Development and Investment
Corporation (SLEDIC). In 2007, this function was assigned to the Sierra
Leone Investment and Export Promotion Agency (SLIEPA), following the
enactment of the Investment and Export Promotion Act of 2007. The
principal functions of SLIEPA are as follows:
- To promote investment opportunities in Sierra Leone and provide information to potential investors on matters relating to investments;
- To facilitate registration of business enterprises and assist investors in obtaining permits, licenses, certificates or clearances needed for the commencement of business (that is, acting as a “one-stop” centre);
- To assist potential investors in identifying joint venture partners in Sierra Leone.
- To develop relationship between public and private sector for the growth of investment
Investment Facilitation
Investor Servicing, Facilitation and AftercareSLIEPA offers investor aftercare services. This activity has become increasingly important during the current financial crisis, as competition for global FDI increases, and focus falls on ensuring that the current FDI stays in the country. SLIEPA’s Investor Aftercare focuses on a number of objectives, including: facilitating reinvestment, expansions and diversification, anchoring foreign investment, providing the factor conditions to encourage existing investors to upgrade their activities and identifying ‘ambassadors’ and testimonials. Our Aftercare services are also important since it promotes and facilitates ongoing dialogue with strategic investors and helps set an investment climate improvement agenda.
Investment Promotion
The Sierra Leone Investment and Export Promotion Agency, established by an act of parliament in 2007, became operational in May 2008 as the country’s official agency to assist and inform investors and exporters about investment and export opportunities.
If you are a foreign investor looking to establish a business in Sierra Leone, we can facilitate all aspects of business registration, connect you with local partners, and share sector information that is relevant to your decision making process. We also provide information on incentives and how to apply for and receive them.
If you are an exporter, we can assist you in developing plans for entering or expanding your business into foreign markets, provide you with marketing advisory services, advocate on your behalf to the Government, and assist in identifying opportunities for appropriate technical assistance from regional and international organizations.
Our staff are divided into Investment Promotion and Export Development divisions so that we can provide customized advice and services.
We can help you find out more about:
Address: O.A.U. Drive, Tower Hill, Freetown Sierra Leone
Let Us Help You Improve Investment and Facilitate Exports
We help companies planning to establish or expand business operations in Sierra Leone and offer free advice to help them further their business activities.
If you are a foreign investor looking to establish a business in Sierra Leone, we can facilitate all aspects of business registration, connect you with local partners, and share sector information that is relevant to your decision making process. We also provide information on incentives and how to apply for and receive them.
If you are an exporter, we can assist you in developing plans for entering or expanding your business into foreign markets, provide you with marketing advisory services, advocate on your behalf to the Government, and assist in identifying opportunities for appropriate technical assistance from regional and international organizations.
Our staff are divided into Investment Promotion and Export Development divisions so that we can provide customized advice and services.
We can help you find out more about:
Let Us Help You Improve Investment and Facilitate Exports
We help companies planning to establish or expand business operations in Sierra Leone and offer free advice to help them further their business activities.If you are a foreign investor looking to establish a business in Sierra Leone, we can facilitate all aspects of business registration, connect you with local partners, and share sector information that is relevant to your decision making process. We also provide information on incentives and how to apply for and receive them.
If you are an exporter, we can assist you in developing plans for entering or expanding your business into foreign markets, provide you with marketing advisory services, advocate on your behalf to the Government, and assist in identifying opportunities for appropriate technical assistance from regional and international organizations.
Our staff are divided into Investment Promotion and Export Development divisions so that we can provide customized advice and services.
We can help you find out more about:
- Investing in the agriculture sector
- Investing in the tourism sector
- Investing in the marine resources sector
- Diversifying your exports
- Identifying markets for your exports
- Planning increased value addition to products
- Developing partnerships between exporters and government.
Address: O.A.U. Drive, Tower Hill, Freetown Sierra Leone
Let Us Help You Improve Investment and Facilitate Exports
We help companies planning to establish or expand business operations in Sierra Leone and offer free advice to help them further their business activities.
If you are a foreign investor looking to establish a business in Sierra Leone, we can facilitate all aspects of business registration, connect you with local partners, and share sector information that is relevant to your decision making process. We also provide information on incentives and how to apply for and receive them.
If you are an exporter, we can assist you in developing plans for entering or expanding your business into foreign markets, provide you with marketing advisory services, advocate on your behalf to the Government, and assist in identifying opportunities for appropriate technical assistance from regional and international organizations.
Our staff are divided into Investment Promotion and Export Development divisions so that we can provide customized advice and services.
We can help you find out more about:
- Investing in the agriculture sector
- Investing in the tourism sector
- Investing in the marine resources sector
- Diversifying your exports
- Identifying markets for your exports
- Planning increased value addition to products
- Developing partnerships between exporters and government.
Investment Act
Key Business and Investment- related Reforms and Laws Enacted since 2000
*Note: All handbooks can be purchased from the Central Government Bookshop located at Lightfoot-Boston Street, Freetown.
| Issue | Law | Year |
| Utilities | Sierra Leone Electricity and Water Regulatory Commission Act | 2011 |
| Patents | Patents and Industrial Designs Act | 2011 |
| Copyrights | Copyrights Act | 2011 |
| Central Banking | Bank of Sierra Leone (amendment) Act | 2010 |
| Mining | Mines and Mineral Act | 2009 |
| Corporate Governance | Companies Act | 2009 |
| Business | Bankruptcy | 2009 |
| Financial Services | Payment System Act | 2009 |
| Financial Services | Home Mortgage Finance Act | 2009 |
| Taxation | Good and Services Tax | 2009 |
| Telecommunications | National Telecommunication (Amendment) Act | 2009 |
| Corruption | Anti- Corruption (amendment) Act | 2008 |
| Land | Commercial use of Land Act | 2008 |
| Consumer Protection | Consumer Protection Act | 2008 |
| Estates Devolution | Estate Act | 2008 |
| Partnership | Partnership Act | 2008 |
| Diamond Processing | Diamond Cutting and Polishing Act | 2008 |
| Investment Promotion | Investment and Export Promotion Agency Act | 2007 |
| Financial Service | Financial Services Act (Amendment) Act (Stock Exchange) | 2007 |
| Maritime Transport | Maritime Administration (Amendment) Act | 2007 |
| Business | General Law (Business Start-up) Amendment Act | 2007 |
| Business Registration | Registration of Business Act | 2007 |
| Electricity | National Power Authority (Amendment) Act | 2006 |
| Money Laundering | Anti-Money Laundering Act | 2005 |
| Telecommunications | External Telecommunication Tax Act (Amendment) | 2004 |
| Mining | Mines and Mineral (Amendment) Act | 2004 |
| Investment Promotion | Investment Promotion Act | 2004 |
| Public Procurement | Public Procurement Act | 2004 |
| Local Government | Local Government Act | 2004 |
| Road Transportation | Road Transportation Authority | 2003 |
| Merchant Shipping | Merchant Shipping Act | 2003 |
| Tax Administration | National Revenue Authority Act | 2002 |
| Privatisation | National Commission for Privatisation Act | 2002 |
| Financial Services | Other Financial Services Act | 2001 |
| Petroleum | Petroleum Exploration and Production Act | 2001 |
| Banking | Banking Act | 2000 |
| Insurance | Insurance Act | 2000 |
| Customs | Customs Law | Ongoing |
| Law of evidence | Law of evidence | Ongoing |
| Arbitration | Arbitration Act | Ongoing |
| Law Officers | Law Officers Act | Ongoing |
| Dispute Resolution | Alternative Dispute Resolution | Ongoing |
| Electricity | National Power Authority (NPA) Act (1982) | Ongoing |
