Africa-Press – Sierra-Leone. <\/strong><\/span>During a recent Press Conference held at the SLeCAD\u2019s office on Bathurst Street in Freetown on Tuesday 10th October, 2023, the Sierra Leone Chamber for Agribusiness Development (SLeCAD) made a compelling appeal to the International Monetary Fund (IMF) and the international community. The organization urged them to consider restructuring and cancelling Sierra Leone\u2019s debt, citing the country\u2019s current GDP to Debt Ratio standing at a concerning 90-92%. The call came as part of SLeCAD\u2019s efforts to bolster Government\u2019s investments in the agriculture sector, particularly the Feed Salone initiative.<\/p>\nAhmed Nanoh, the Executive Secretary of SLeCAD, expressed strong support for Feed Salone, highlighting the Government\u2019s commitment to prioritize agriculture as a flagship program. His emphasis on agriculture marks a significant departure, with Sierra Leone\u2019s Government making agriculture its foremost priority for the first time.<\/p>\n
He commended the Government\u2019s initiative to elevate national budget support for agriculture from 2.6% to 10% and viewed it as a significant step in fulfilling the commitments of the MAPUTO Declaration, signaling Government\u2019s strong dedication to agricultural development.<\/p>\n
The Executive Secretary emphasized the importance of the Government\u2019s commitment to collaborate with leading private sector umbrella organizations. This collaboration would involve entities such as NAFFSL, SLeCAD, Chamber of Commerce, SMEDA, and the Local Content Agency, all of which play vital roles in strengthening the agricultural sector.<\/p>\n
He called on the Government to conduct feasibility studies that encourage and attract private sector investments in agriculture adding that such studies would align with the objectives of the Feed Salone Initiative and promote sector growth.<\/p>\n
Ahmed Nanoh stressed the need for support in establishing agriculture insurance mechanisms maintain that those mechanisms would serve to de-risk the agricultural sector making it more attractive to private investors.<\/p>\n
He further advocated for the mapping and registration of lands owned by Sierra Leoneans saying a process like that would enable land to be used as collateral, facilitating access to financing for agricultural projects.<\/p>\n
The Executive Secretary called for a review of Advance Payment Guarantees (APG) and Letter of Credit (LC) processes to better support agricultural endeavors and encouraged the Ministry of Agriculture to utilize the Agribusiness Investment Policy funded by the World Bank\/SCADeP to promote the Feed Salone Initiative.<\/p>\n
He emphasized the importance of improving both hard and soft skills, as well as promoting the necessary mindset shifts required to support private sector investment effectively.<\/p>\n
Nanoh encouraged mining companies to consider contributing to Government efforts aimed at realizing the Feed Salone initiative. This could potentially involve increasing their contributions beyond the current 3% royalties.<\/p>\n
He also called on all development partners to generously fund the Feed Salone Programme. This support would significantly enhance food security, reduce poverty, create jobs and wealth, and foster inclusive growth.<\/p>\n
In conclusion, Ahmed Nanoh\u2019s statements underscored the critical role of peace and unity in Sierra Leone\u2019s development agenda through the Feed Salone initiative. The Executive Secretary concluded by urging all sides of the present and past Governments and all citizens to prioritize peace and align their focus with the country\u2019s development goals, emphasizing that without peace, development efforts may prove futile, and poverty could persist.<\/p>\n
For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"By Foday Moriba Conteh Africa-Press – Sierra-Leone. During a recent Press Conference held at the SLeCAD\u2019s office on Bathurst Street in Freetown on Tuesday 10th October, 2023, the Sierra Leone Chamber for Agribusiness Development (SLeCAD) made a compelling appeal to the International Monetary Fund (IMF) and the international community. The organization urged them to […]<\/p>\n","protected":false},"author":84,"featured_media":23533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[291,293,292],"class_list":["post-23534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\n
SLeCAD Calls for Debt Cancellation to Boost Feed Salone Success - Sierra Leone<\/title>\n<meta name=\"description\" content=\"During a recent Press Conference held at the SLeCAD\u2019s office on Bathurst Street in Freetown on Tuesday 10th October, 202 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/slecad-calls-for-debt-cancellation-to-boost-feed-salone-success\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SLeCAD Calls for Debt Cancellation to Boost Feed Salone Success\" \/>\n<meta property=\"og:description\" content=\"During a recent Press Conference held at the SLeCAD\u2019s office on Bathurst Street in Freetown on Tuesday 10th October, 202 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/slecad-calls-for-debt-cancellation-to-boost-feed-salone-success\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-11T11:57:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-11T12:54:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/10\/sm_1697016209.90288.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/slecad-calls-for-debt-cancellation-to-boost-feed-salone-success#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/slecad-calls-for-debt-cancellation-to-boost-feed-salone-success\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SLeCAD Calls for Debt Cancellation to Boost Feed Salone Success\",\"datePublished\":\"2023-10-11T11:57:20+00:00\",\"dateModified\":\"2023-10-11T12:54:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/slecad-calls-for-debt-cancellation-to-boost-feed-salone-success\"},\"wordCount\":552,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/slecad-calls-for-debt-cancellation-to-boost-feed-salone-success#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/10\/sm_1697016209.90288.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/slecad-calls-for-debt-cancellation-to-boost-feed-salone-success#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/slecad-calls-for-debt-cancellation-to-boost-feed-salone-success\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/slecad-calls-for-debt-cancellation-to-boost-feed-salone-success\",\"name\":\"SLeCAD Calls for Debt Cancellation to Boost Feed Salone Success - 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