DFC Assures Support for SL Infrastructure and Technology Development
Dr. David Moinina Sengeh, Chief Minister of Sierra Leone, met with Agnes Dasewich, Head of Investment at the United States International Development Finance Corporation (DFC), at DFC’s headquarters on December 9, 2024, to discuss ongoing and future investments in Sierra Leone.
The meeting, which preceded DFC’s five-year anniversary celebration, focused on strengthening the partnership between Sierra Leone and DFC, exploring new opportunities for private sector growth in critical sectors such as infrastructure, energy, health, agriculture, and finance.
Ms. Dasewich expressed confidence in Sierra Leone’s government for creating an enabling environment for private sector growth. She noted DFC’s significant investments in the country, particularly in the airport and energy sectors, and affirmed DFC’s openness to expanding investments in critical minerals, energy access, agriculture, and financial institutions.
Chief Minister Sengeh thanked DFC for its $600 million investment in Sierra Leone and reiterated President Julius Maada Bio’s commitment to supporting private sector development. He highlighted the government’s SWITCH system, which connects seven out of thirteen banks in the country, improving financial integration and collaboration with mobile companies.
Sengeh also outlined key agricultural initiatives, including the Feed Salone project, which aims to enhance food security through irrigation systems and improved cultivation areas. He emphasized that investments in infrastructure, health, and technology would provide substantial returns for investors.
A major topic of discussion was the Lungi Bridge project, with Sengeh highlighting the infrastructure’s importance for boosting connectivity. Dasewich indicated that DFC could finance up to $800 million for the bridge’s construction, underscoring the corporation’s commitment to Sierra Leone’s development.
Dr. Sengeh also discussed the positive impact of DFC’s investments, particularly in job creation through the Lungi Airport project. He urged DFC to expedite the approval process for the construction of airport hotels, a key part of the nation’s development plans. Dasewich assured that legal formalities were near completion, with updates on hotel construction to follow soon.
The meeting reinforced the strong partnership between Sierra Leone and DFC, setting the stage for further investments in key sectors to drive the country’s economic growth and development.
