October 7th, 2008

Australian Firm Finalizes Investment Deal for Iron Ore Project in …

The News Review:

- Australian Firm Finalizes Investment Deal for Iron Ore Project in …
- Sierra Leone: Mortgage & Saving Salone Holds Professional Seminars
- Sierra Leone: Sliba to Provide Loans to Members
- Sierra Leone: Call to Tackle Traditional Birth Attendants
- Road map to a new Sierra Leone Part 2 : New challenges with new …

Australian Firm Finalizes Investment Deal for Iron Ore Project in …
Your Mining News (press release), UK 
African Minerals will gain a 9 per cent stake in Cape Lambert as part of the deal, with Cape Lambert to spend $US25m ($A31. 4m) on a feasibility study in return for a 30 per cent stake in the project. Major shareholder Evraz has eased its concerns about the investment, while shareholder Mick Shemesian failed to secure an injunction preventing the deal. On September 23, 2008 Supreme Court in Australian decided on a key matter relating to Cape Lambert Iron Ore project apparently paving the way for the finalization of the Marampa hematite project with African Minerals.

Sierra Leone: Mortgage & Saving Salone Holds Professional Seminars
AllAfrica.com, Washington 
The seminar, which was themed: “The role of estate developers architect, quantity surveyor and engineers in mortgage finance” was held at the Bank of Sierra Leone complex, Kingtom in Freetown. GA_googleFillSlot(“AllAfrica_Story_Inset”); HFC’s counterpart managing director Ahmed Bakarr said national social security and insurance trust, NASSIT promoted the establishment of the mortgage company. Bakarr said: “For a long time homeowners have been financing the constructions of their houses either by own funds or private short terms loans. “He said they needed to develop a modern deliverable housing financing system that would be suitable and adaptable to the public.

Sierra Leone: Sliba to Provide Loans to Members
AllAfrica.com, Washington 
Ibrahim Keh Turay was speaking at a one-day clinic organized by the Sierra Leone resuscitating exporters association at the British Council hall in Freetown when he observed that the seminar would strengthen SLIBA. GA_googleFillSlot(“AllAfrica_Story_Inset”); He said the exporters’ association was formed in 1995 to serve its members and other stakeholders in the export business but said they face finance and banking problems with their members. “We also face problems with the shipping agencies during shipment,” he said. Relevant Links West AfricaEconomy, Business and FinanceSierra Leone Executive secretary Victoria Williams encouraged Sierra Leonean businessmen, especially exporters to work as a unified outfit in order to achieve their goals.

Sierra Leone: Call to Tackle Traditional Birth Attendants
AllAfrica.com, Washington 
Currently one in eight women is at risk of dying while giving birth in the country. “People who are in attendance aren’t able to deal with complications. Often these people are traditional birth attendants. They are not trained in any scientific way.

Road map to a new Sierra Leone Part 2 : New challenges with new …
Cocorioko, Sierra Leone 
In digression momentarily as a point of opinion, I do not think it is the right time for the country to be exploring or toying with the thoughts or idea of a stock exchange market, which will not at this point in time make a difference to the overall GDP performance but rather aggravate the present state of economic health. Generally in today’s global economy, it is the stock market and it speculative paradigm tendencies that has infected and created the turmoil facing global economies. Most stock exchanges from even solid base economies like the US and UK and the EU countries are bailout or rescued by government tax payers moneys which is making the political climate very stormy for a lot of governments around the world, this experience a country like Sierra Leone cannot or need such luxury of pain and uncertainty. Already there is proliferation of many banks and financial institutions which do not in any sense signify a healthy economy or cannot justify or translate in any meaningful dividend as of yet.

 
 
 

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