At the U.S.-Africa Business Summit, Chief Minister Dr David Moinina Sengeh of Sierra Leone used his platform to reaffirm President Bio’s pledge to make sure that the country’s mineral resources benefit its people.
Dr. Sengeh emphasized that human capital is the nation’s most valuable resource and reaffirmed the government’s commitment to ensuring that education is both accessible and affordable for all. Dr. Sengeh covered several important topics, one of which was the government’s attempts to facilitate transactions for investors interested in the nation’s mineral resources. With support from the World Bank, he said, Sierra Leone has completed a thorough geological survey that maps out the deposits of all the nation’s mineral resources.
“Investors will find it easier to make wise decisions with this data since it gives a clearer picture of the particular minerals that are available in Sierra Leone. Dr Sengeh also emphasized the government’s establishment of the Minerals Wealth Fund, which guarantees that natural resource revenues go directly toward the development of nearby communities”
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He underlined that the government is committed to utilizing the Minerals Development Act to improve the mining industry’s business climate and attract more investors. Dr. Sengeh urged American investors to make use of Sierra Leone’s opportunities and make investments there for their mutual gain. Along with talking about mineral resources, Dr. Sengeh worked with the Pfizer Group to make Pfizer medications more accessible and established in Sierra Leone, giving the country’s residents access to top-notch medical care and pharmaceuticals.
To secure dependable energy production for the people of Sierra Leone, the Chief Minister also met with a conglomerate of energy companies in Texas to discuss potential joint ventures in the energy sector. Deputy Minister of Finance Ms. Kadie Allie, Minister of Energy Hon. Edmond Nuni, Ambassador of Sierra Leone to the United States, and representatives of the private sector investing in Sierra Leone accompanied Dr. Sengeh in these discussions.
The group talked at length about their experience working with Energy Conglomerates in Texas and emphasized how US financial institutions like DFC and MCC assist energy projects in Sierra Leone.
Sierra Leone’s commitment to attracting foreign investment to drive economic growth and development in the country and to expedite the development of its mineral resources for the benefit of its citizens was demonstrated by Chief Minister Dr David Moinina Sengeh’s attendance at the U.S. -Africa Business Summit.
