- Need Help?
- Call Us : +23273952144
Sierra Leone has strong investment opportunities in several segments of the fishing industry including fishery, aquaculture, fish processing, fishery infrastructure and FishTech solutions.
The fish market is estimated to reach USD $138.7 Billion by 2027, growing at rate of 2.9%. Fishery contributes largely to the GDP of Sierra Leone and provides most of the animal protein domestically consumed. Fishing also provides employment in Sierra Leone.
The government of Sierra Leone has signed a number trade agreements with key trade partners allowing for duty and quota free trade. Sierra Leone is also a member of the Economic Community of West African States (ECOWAS) supporting free movement of good and people across West Africa.
Several steps have been taken to improve the country’s infrastructure network and include building a bridge connecting the airport and the capital, improving the road network and providing reliable electricity supply. Opportunities exist to further develop port and fishery related infrastructure.
Sierra Leone offers a vibrant and eager workforce, expected to reach over 3 million persons by 2024. Sierra Leone is also very cost-effective, having some of the lowest costs of labour when compared to other West African locations.
Sierra Leone has strong macro-economic fundamentals and its economy is expected to rebound strongly post-COVID. Sierra Leone is one of the most peaceful and politically stable countries in Africa.
The National Investment Board (NIB) was established by an Act of Parliament in July 2022 to promote investment opportunities, to act as a facilitating body and assist investors to obtain facilities relating to their business enterprises, and generally to improve the investment climate of Sierra Leone.
3 Jomo Kenyatta Road, Freetown.
+232 73 952 144
info@nib.gov.sl
Monday to Friday : 8:30am - 4:30pm
