
November 4, 2019
Sierra Leone is one of the safest countries in Africa ranking 46 in the Global Peace Index out of 163 countries indexed. The country also has a high degree of political stability.
Sierra Leone’s economy is expected to rebound strongly from the COVID-19 pandemic with a forecasted GDP growth rate of 3% for FY 21-22 which is largely attributable to the government’s Quick Action Economic Response Program (QAERP) and easing down of pandemic-related restrictions.
Setting up a business in Sierra Leone is simple, taking an average of five procedures, or eight days to set up your new business operation.
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.