Concord Times (Freetown)

8 February 2013

Sierra Leone: Stability! More U.S. Investors Fall for Sierra Leone

Freetown — While interacting with media practitioners yesterday at his Signal Hill residence, west of Freetown, the United States Ambassador to Sierra Leone disclosed that more U.S.-based companies have expressed interest to invest in Sierra Leone as a result of the stable business atmosphere created by the government.

Michael S. Owen said it was significant to note that American companies are getting more interested in Sierra Leone because of the good news reaching the owners particularly those related to the November 17 elections in which his government spent over US$ 4 million to support.

He said the embassy worked closely with democratic institutions including the National Electoral Commission NEC, the Political Party Registration Commission PPRC, the Sierra Leone Police and members of the Sierra Leone forces to effectively carryout their responsibilities before, during and after the elections and his government was satisfied with the outcome of the polls which were internationally acclaimed to be credible and violence-free.

"We were pleased with the way the elections went on because it was violence-free and very successful. We now look forward to give more support to the government and people of Sierra Leone for the successful implementation of the new Agenda for Prosperity," Mr. Owen said. "Some U. S. companies have already started coming into the country and we are expecting more to follow."

The envoy added that Sierra Leone has won the coveted Millennium Challenge Corporation (MCC) Compact Award worth hundreds of millions of dollars based on certain indicators among which were good governance, economic freedom and investments in people.

"MCC is a U.S. based organization and to be eligible for this award, a country must pass at least half of the twenty indicators. A team from that organization has held series of meetings with the Chief of Staff at State House, civil society groups among others but the government has the right to show the areas the money is to be spent on," he said adding that the embassy has embarked on series of development projects ranging from education, health and social issues across the country.

Ads by Google

Copyright © 2013 Concord Times. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.