South African Investors Storm Salone … Infrastructure to be Overhauled
The infrastructural chaos of the country it appears has finally been rescued as news meeting Sierra Express Media confirms that big time investors from South Africa implementing NEPAD related development programmes have landed on the shores of Sierra Leone, expressing great interest in investing in and overhauling the country’s shabby infrastructure. This development followed president Koroma’s recent visit to South Africa where resident Sierra Leoneans and the South African government have now offered to variously invest in the country. (Photo: [ l] Thokoane Tsolo head of the Africa Unit of the IDC, and [r] Dr. Salie Mahoi CEO of Imhotep Properties)
The investors from the Africa economic giant – South Africa mainly from the Industrial Development Corporation (IDC) of South Africa would be looking at various areas of development with premium to infrastructure, low-cost housing, water and land development, agriculture and other similar areas of potential and need. In a letter written to the government of Sierra Leone, head of the visiting team from South Africa, Mr. Thokoane Tsolo, revealed that “our objective while in Sierra Leone would be to try and identify potential investment opportunities in line with development objectives with Sierra Leoneâ€.
Thokoane Tsolo
The visit of the investors according to information available to Sierra Express will last for approximately one week and while in Sierra Leone they will be meeting with the President of the Republic Dr. Ernest Bai Koroma, various government officials, especially those that are infrastructure related, trade and industry, transport and aviation, port authorities and potential development partners in the private sector.
As part of the advance team, Dr. Salie Mahoi a Sierra Leonean born South African Citizen identified the Industrial Development Corporation (IDC) as a Development Finance Institution (DFI) and that the primary purpose of the visit of the team is to show to the country what the IDC has to offer in terms of development finance and potentially identify areas where the IDC could intervene in the country.
Dr Salie Mahoi
Findings made by Sierra Express Media show that head of the delegation Dr. Thokoane Tsolo has over 20 year experience in development finance and is currently head of the Africa Unit of the IDC responsible for the corporations strategy for the rest of the continent and for generating business for IDC in Africa and of South Africa.
Sierra Leonean born Dr. Salie Mahoi is the CEO of Imhotep Property Developers and Consulting Engineers based in South Africa and Sierra Leone will be embarking on massive infrastructural development that include low medium and high cost housing estate development for Sierra Leoneans.
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