1. TRADE, INVESTMENT AND ECONOMIC DIVERSIFICATION
Joe Demby, Presidential Adviser on Economic and Financial Policy
Sheku Lexmond Koroma, Chief Executive, Sierra Leone Investment and Export Promotion Agency (SLIEPA)
Michala Mackay, Chief Executive, Corporate Affairs Commission
June 2019
UK – SL Trade and Investment Conference

2. Priority sectors for economic diversification
Exports
FDI stock
Priority sectors for economic diversification
USD 840 million
USD 1.4 billion
Agriculture
Fisheries
Tourism
Industries
FDI flow (2017)
Imports
USD 1.3 billion
USD 560 million

3. Market access 3hrs from Lagos 6hrs From Europe 8hrs from the Americas
Strategic access to markets, boasting a natural deep water harbor. By air:
3h from Lagos,
4h from Casablanca,
6h from Europe,
8h from the Americas
Duty free access to global markets (EU, USA, ECOWAS, Mano River Union)
3hrs from Lagos
6hrs From Europe
8hrs from the Americas

4. Exports by Product – US$840m

5. Imports by Product – US$1.3bn

6. Exports by Destination – US$840m

7. Imports by Origin – US$1.3bn

8. Economic Diversification Programme
Public Infrastructure Investment
Private Infrastructure Investment
Technology and Innovation Investment
Policy and Institutional Reforms
Human Capital Development
Targeted Industry Growth:
Agro-processing
Fishing
Tourism
Mineral Beneficiation

9. National Investment Board
Chaired by President and
Vice-President with Senior Ministers and
Economic and Infrastructure Advisers
National Investment Board
Participating Agencies
Sierra Leone Investment and Export Promotion Agency
NIB Operating Arm
Ultimate Authority on Investment Affairs
One-Stop Shop
Inaugurated as Advisory Board
Plans for statutory constitution
NMA
CAC
NRA
others

10. Infrastructure Investment Fund
Fund Adviser

11. Perceived Opportunity
Mining
Tourism

12. Actual Opportunity
Agrobusiness
Mining
Fisheries
Tourism

13. TRADE, INVESTMENT AND ECONOMIC DIVERSIFICATION
Joe Demby, Presidential Adviser on Economic and Financial Policy
Sheku Lexmond Koroma, Chief Executive, Sierra Leone Investment and Export Promotion Agency (SLIEPA)
Michala Mackay, Chief Executive, Corporate Affairs Commission
June 2019
UK – SL Trade and Investment Conference