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With a steady growing population, rapid urbanization and increasing purchasing power – the demand outlook for Sierra Leone is promising. The country is endowed with abundant land (over 5.4m hectares) and plentiful rainfall which makes it an attractive destination for investors.
As a strategic sector, agriculture is expected to play a vital role in securing Sierra Leone’s food security and poverty reduction goals. As such, GoSL is eager on aiding the sector through incentives & subsidies, investments in infrastructure, and improving the regulatory environment.
Sierra Leone has several promising sectoral opportunities for investors across the agricultural value chain. The top sub-sectors for investors are food crops, cash crops, horticultural crops, livestock, and agro-inputs.
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 government of Sierra Leone has signed a number trade agreements with key trade partners Sierra Leone is also a member of the Economic Community of West African States (ECOWAS) supporting free movement of good and people, and will benefit from the African Continental Free Trade Agreement (AfCFTA).
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.
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
