SLPHA to Deliver $8 Million Dividend as Port Reforms Drive Growth and Infrastructure Investment

The Sierra Leone Ports and Harbours Authority (SLPHA), in collaboration with its concessionaire, Freetown Terminal Limited (FTL), is set to transfer $8 million to the Government of Sierra Leone as a dividend for the 2025 financial year, underscoring the growing financial strength of the country’s port sector.

This latest remittance represents a consistent upward trajectory in revenue contributions, increasing from $4 million in 2023 to $7 million in 2024, and now reaching $8 million in 2025. The steady growth highlights the positive impact of ongoing institutional reforms, improved operational efficiency, and strategic modernization initiatives implemented within the port system.

The enhanced performance of the port is widely attributed to strengthened public-private partnership arrangements, particularly the concession agreement with Freetown Terminal Limited, which has introduced international best practices in port management, cargo handling, and service delivery. These improvements have not only boosted revenue generation but also enhanced the competitiveness of Sierra Leone’s main seaport as a key gateway for trade and commerce.

SLPHA continues to play a pivotal role in supporting Sierra Leone’s national development agenda. The dividends remitted to government form part of critical domestic revenue streams that contribute to financing infrastructure projects, strengthening maritime safety and security, and improving the delivery of essential public services across the country.

Beyond financial contributions, significant investments are also being made to upgrade port infrastructure. A major $25 million rehabilitation project is currently underway at the Freetown Port, targeting berths 3, 4, 5, and 6. The project, fully funded by Freetown Terminal Limited under the terms of its concession agreement, is expected to enhance operational capacity, improve vessel turnaround times, and extend the lifespan of key port facilities.

Once completed, the rehabilitation works will position the Freetown Port to handle increased cargo volumes more efficiently, reduce congestion, and support the country’s expanding trade activities. The upgrade is also expected to improve safety standards and align the port with modern international maritime requirements.

As reforms continue and investments deepen, SLPHA and its partners remain committed to transforming Sierra Leone’s port sector into a modern, efficient, and globally competitive hub that drives economic growth and national prosperity.