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Mining deals should boost Sierra Leonean government

Friday, May 21, 2021

Significance

However, with arbitrators ruling in favour of SL Mining, the government was left with little choice but to negotiate a deal that will see mining restart at the Marampa mine. Nevertheless, Marampa's revenues will be welcomed by newly appointed finance minister, Denis Vandi, who was a surprise choice in President Julius Maada Bio’s April cabinet reshuffle given that he was initially named as a person of interest in a public funds corruption inquiry.

Impacts

  • The National Revenue Authority is set to exceed annual revenue generation targets for 2021.
  • Investigations by the Anti-Corruption Commission into former President Ernest Bai Koroma remain open.
  • The president’s ability to influence key ministries have been strengthened by the latest cabinet reshuffle.

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