Sierra Leone Local Content Policy
Publication Date:
Jan 01, 2016
Topic:
Region:
Sierra Leone Local Content Agency Act 2016
This policy was issued in order to boost the economy by leveraging the power of the local industries and Sierra Leone citizens through their participation in the economy. For example, it indicates that:
- In all enterprises operating in any sector of the economy; at least 20 % of the managerial and 50% of intermediate positions shall be held by Sierra Leonean citizens. The respective ratio will be increased over the time and after 5 years of establishment will stand at 60% for managerial positions and 80% for intermediate positions. (Section 6.3.4.4)
- A foreign company that partners with Sierra Leonean firms will be granted preferential treatment when competing against companies with no percentage of equity share ownership by Sierra Leonean firms or citizens. (Section 6.3.5)
- That 20% of the equity shares of every registered foreign entity in Sierra Leone should belong to Sierra Leoneans.(6.3.5.5)
Related Information:
- Laws and Regulations Generally Promoting SME or Local Content
- Small and Medium Enterprises and PPPs
- Laws and Regulations on Inclusion of SMEs in PPPs
- Public-Private Partnerships Laws/Concession Laws.
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