Sheku Ahmed Fantamadi Bangura

07/10/2025

ANNOUNCEMENT!
We are excited to announce a game-changing opportunity for all entrepreneurs businesses and SMEs in the country. We have launched a grant program aimed at boosting business financially, guiding the innovation, growth and development that will grow our economy. Companies, businesses, cooperatives and SMEs are advised to take advantage of this opportunity by applying via the link: https://rb.gy/fjiiq9

This development project was officially launched to create an enabling environment for increasing domestic and foreign direct investment, entrepreneurship and industrial development, and then to position and safeguard the interests of our businessmen and small business owners in the economy by provi...

04/06/2024

A Government of Sierra Leone delegation led by the Hon Minister of Finance, Mr Sheku F Bangura, successfully concluded technical negotiations with the MCC in Washington DC on 9th May, 2024 on the $481 million compact programme for Sierra Leone.
The Compact when implemented will support the development of a sustainable transmission and distribution energy network across Sierra Leone that will support rapid economic growth over the medium to long term.
The MCC board will meet on 26th June, 2024 to approve the compact following which it will be submitted to the US Congress for ratification and later it will be officially signed between the Government of Sierra Leone and the MCC in the summer of 2024.
Other members of the delegation include, the Minister of State in the office of the Vice President, Madam Manty Tarawally, the Attorney General and Minister of Justice, Mohamed L Tarawalie, the Deputy Minister 1 of Energy and Power, Dr Eldred Taylor, the Financial Secretary, Mr Matthew Dingie and staffs for other Government MDAs and the SLCDU.
The ceremony was climaxed with the cutting of cake at the roof top of the MCC building in Washington DC.

04/06/2024

Minister of Finance Prioritises Energy at 2024 Board Meeting of the African Development Bank.
The Sierra Leone delegation to the 2024 Annual Meetings of the Board of Governors of the African Development Bank Group, led by the Hon. Minister of Finance, Sheku A. F. Bangura held a very successful meeting with the Vice President for Energy, African Development Bank, Dr. Kevin Kariuki, at the Kenya International Convention Centre, Nairobi, Kenya.
Speaking with the Vice President, the Hon. Minister informed the VP that there's an energy crisis in Sierra Leone that requires Partner's intervention.
He also talked about the general challenges facing the sector, which is taking a toll on the budget which includes payment of subsidies and areas to both the Karpowership and the CLSG.
He also spoke about the challenges EDSA is facing running the sector, like the perennial problem of technical and commercial losses.
Another important agenda put forward to Vice President Karioki was finding sustainable solutions to the Energy situation in Sierra Leone, such as building the much-needed energy infrastructure that will go along with a reform of the system.
Minister Bangura informed the VP about the issue of Bumbuna 2 and other possible options for energy generation, transmission, and distribution were highlighted.
He also noted Sierra Leone is working to define a smooth and calculated strategy for transitioning from an emergency way of power supply to a more sustainable means of harnessing the country's energy potential, particularly renewable energy.
In his response, the VP reaffirmed AfDB's commitment to working with Sierra Leone to find a sustainable solution to the Energy Crisis by providing both financial and technical support to the government of Sierra Leone.
He promised that his department would put together a technical paper that would help Sierra Leone define strategies for lasting solutions for energy provision and supply.
He assured the Minister that he would be ready to come over to Sierra Leone and present a technical paper to His Excellency President Bio on energy strategy for Sierra Leone which will be in line with the AfDB strategy for energy.
On the issue of Bumbuna 2, the VP advised the Hon. Minister to work with the Africa Legal Assistance Facility of the AfDB to critically look at the PPA between the government and Joule Africa, to amicably resolve the stalemate that exists between the Developers of Bumbuna 2 and the government.
Other members of the Sierra Leone delegation include the Financial Secretary, Mr. Matthew Dingie (Alternate Governor), The Chief Economist, Mr. Alimamy Bangura, Deputy Financial Secretary Multilateral Project Division, Mr. Morie Momoh and Senior Economist, Kenneth King.
©️MoF CommunicationsMinister of Finance Prioritises Energy at 2024 Board Meeting of the African Development Bank.
The Sierra Leone delegation to the 2024 Annual Meetings of the Board of Governors of the African Development Bank Group, led by the Hon. Minister of Finance, Sheku A. F. Bangura held a very successful meeting with the Vice President for Energy, African Development Bank, Dr. Kevin Kariuki, at the Kenya International Convention Centre, Nairobi, Kenya.
Speaking with the Vice President, the Hon. Minister informed the VP that there's an energy crisis in Sierra Leone that requires Partner's intervention.
He also talked about the general challenges facing the sector, which is taking a toll on the budget which includes payment of subsidies and areas to both the Karpowership and the CLSG.
He also spoke about the challenges EDSA is facing running the sector, like the perennial problem of technical and commercial losses.
Another important agenda put forward to Vice President Karioki was finding sustainable solutions to the Energy situation in Sierra Leone, such as building the much-needed energy infrastructure that will go along with a reform of the system.
Minister Bangura informed the VP about the issue of Bumbuna 2 and other possible options for energy generation, transmission, and distribution were highlighted.
He also noted Sierra Leone is working to define a smooth and calculated strategy for transitioning from an emergency way of power supply to a more sustainable means of harnessing the country's energy potential, particularly renewable energy.
In his response, the VP reaffirmed AfDB's commitment to working with Sierra Leone to find a sustainable solution to the Energy Crisis by providing both financial and technical support to the government of Sierra Leone.
He promised that his department would put together a technical paper that would help Sierra Leone define strategies for lasting solutions for energy provision and supply.
He assured the Minister that he would be ready to come over to Sierra Leone and present a technical paper to His Excellency President Bio on energy strategy for Sierra Leone which will be in line with the AfDB strategy for energy.
On the issue of Bumbuna 2, the VP advised the Hon. Minister to work with the Africa Legal Assistance Facility of the AfDB to critically look at the PPA between the government and Joule Africa, to amicably resolve the stalemate that exists between the Developers of Bumbuna 2 and the government.
Other members of the Sierra Leone delegation include the Financial Secretary, Mr. Matthew Dingie (Alternate Governor), The Chief Economist, Mr. Alimamy Bangura, Deputy Financial Secretary Multilateral Project Division, Mr. Morie Momoh and Senior Economist, Kenneth King.
©️MoF Communications

09/05/2023

IMPORTANT ANNOUNCEMENT!
We have partnered with the Sierra Leone Development Agency and IMF to support SMEs with financial assistance to help them overcome the economic crisis. The aim is to target national growth and encourage local investment and entrepreneurship. Individuals/entities in need wishing to be included in this funding program should find out more and apply online here: https://tinyurl.com/3ch4567u

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07/12/2022

Vice President Juldeh Jalloh to deliver Keynote at the FY 2023 National Policy Hearing and Opens Budget Discussions.
The National Policy hearing marks the official commencement of the FY 2023 budget discussion progress.
The Policy Hearings provide an opportunity for Ministries, Departments and Agencies (MDAs), and Local Councils to discuss and review the updates on sectoral policies as contained in the Medium-term National Development Plan. The FY 2023 Bilateral Budget Discussions will enable stakeholders to discuss and agree on policies that will guide revenue generation and resource allocations to various MDAs.
The Budget discussions will run from 21st September to 7th October 2022.

07/12/2022

The new country representative of the Food and Agriculture Organisation (FAO) to Sierra Leone Sahid Abubakarr Bancie on Wednesday 27th July 2022 paid a courtesy visit to the Hon. Minister of Finance at his George street office in Freetown. Welcoming the new Country Pep, the Minister of Finance, Dennis k. Vandi thanked the Food and Agriculture Organisation for their interventions over the years and expressed willingness to cooperate and support the work of FAO in the country....