News for Sierra Leone from Nigeria
Blair Elumelu Fellowship Programme Launch Coming: The Blair Elumelu Fellowship Programme is to be launched in Freetown, Sierra Leone on March 6, 2012. The Foundation aims to strengthen the private sector’s role in the economic transformation of select African countries starting with Liberia and Sierra Leone. It is meant to develop the capacity of their governments to enhance competitiveness and attract and nurture private investment and move beyond aid. The Fellowship, a partnership between Tony Blair’s Africa Governance Initiative and The Tony Elumelu Foundation, offers a unique new model for economic transformation in Africa, bringing together the best of innovative European government delivery models with the best of African private sector acumen and execution. (Photo: l-r President Ernest Bai Koroma of Sierra Leone and President Goodluck Jonathan of Nigeria)
IFC’s $2.8m Facility To Lift Vitafoam’s Subsidiary: Vitafoam Nigeria Plc’s expansion and diversification programmes have received a boost with the International Finance Corporation’s recent granting of a “soft loan” of $2.8m (N436.8m) facility to Vitafoam Sierra Leone Limited, a subsidiary of Vitafoam Nigeria Plc. The Chairman of Vitafoam Nigeria Plc, Chief Samuel Bolarinde, who disclosed this at the 2011 Annual General Meeting of the company in Lagos on Monday, said the facility would be used for the construction of a foam manufacturing factory in the country.
Released from the Sierra Leone High Commission, Abuja.
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