Minister of Trade and Industry Ibrahim Alpha Sesay has confirmed government’s move to stimulate the organized private sector of the economy with a 428 million US dollar stimulus package. It would generate over 2,300 in employment opportunities and the construction of about 10 industries that would span manufacturing and agribusiness. This, Sesay stated in Freetown recently, is in aligning with government’s various initiatives aim at transforming key sectors of the economy.

“The factory investments span a variety of industries, including manufacturing and agribusiness, as the government seeks to reduce Sierra Leone’s dependence on imports, strengthen domestic production, and support local job creation. This influx of capital will spur economic growth and enhance Sierra Leone’s self-sufficiency,” Minister Sesay stated.

This development, according to Sesay, represents the latest outcome of the ‘Big Five Game Changers’ plan, designed to prioritize advancements in trade, agriculture, tourism, energy, and human capital development. President Bio’s administration has set ambitious goals under the initiative, including fostering an enabling environment for foreign and domestic investors.

When completed the manufacturing concerns would up the ante for Sierra Leone in terms of sustainable industrialization and ultimately support the country’s long-term economic stability.