Sierra Leone has abundant semiskilled and unskilled labour. Though the civil war shrank the workforce, including the number of mangers and skilled workers, many such workers are returning to the country. Wages in Sierra Leone are lower than in most other West African countries across all labour categories.
WORK WEEK AND PAY
The work week in Sierra Leone is 40 hours, with two mandatory consecutive days off. Work beyond 40 hours is paid at 50 percent overtime and work required on rest days is paid at 100 percent overtime.
Sierra Leone is home to 13 Banks including 10 Foreign Banks along with 2 state-owned banks and 1 domestic private bank. These banks are well capitalised and looking for innovative ways to serve the market with new products and services.
The Republic of Sierra Leone is located on the West Coast of Africa, between latitudes 7 and 10 north and longitudes 10.5 and 13 west. The Republic of Guinea is to the north and northeast; Liberia is to the east and southeast, and the Atlantic Ocean on the west and south. It has 300 miles of coastline.
AN OVERVIEW OF THE SIERRA LEONE MINERALS SECTOR
Facts in Brief
· Sierra Leone’s primary mineral resources are diamonds, rutile, bauxite, gold and iron ore. The mineral sector in Sierra Leone is made up of three sub-sectors: a) large-scale production of non-precious minerals – rutile and bauxite; b) large scale production of precious minerals – diamonds; and c) artisanal and small-scale production of precious minerals – mainly diamonds, and to a much lesser extent, gold.
AN OVERVIEW OF KEY MINERALS
Sierra Leone’s primary mineral resources are diamonds, rutile, bauxite, gold and small amounts of iron ore and limonite.
MINING CADASTRE SYSTEM
A Mining Cadastre is the cornerstone of a secure mineral rights system and records the geographical location, ownership and time validity of mining rights, and for compliance with the payment of fees and/or other requirements to keep a concession valid. Security of tenure is very important both to large and small scale mining operations both to ensure a return on investment over the life of a mine and to avoid legal disputes over ownership.
Stemming the flow of Conflict Diamonds - The Kimberley Process
The Kimberley Process (KP) is a joint governments, industry and civil society initiative to stem the flow of conflict diamonds – rough diamonds used by rebel movements to finance wars against legitimate governments. The trade in these illicit stones has fuelled decades of devastating conflicts in countries such as Angola, Cote d'Ivoire, the Democratic Republic of the Congo and Sierra Leone.
Sierra Leone has much to offer its visitors. Its magnificent sandy beaches stretches for more than 30 miles along the Peninsula coast, interspersed with tree-clad bays and coves which are easily accessible along the scenic marine drive that provides an ideal setting for holidays in the sun.
An ambitious road development programme, linking principal towns and centres throughout the country is opening up new areas of potential tourist interest.