Amin Kef<\/b><\/p>\n
Africa-Press – Sierra-Leone. <\/strong><\/span>In a highly anticipated engagement meeting held on Friday 20th October, the Minister of Finance, Sheku Ahmed Fantamadi Bangura, and his team of Government officials met with representatives from the Sierra Leone Association of Local Manufacturers (SLAM) to address concerns over a proposed draft bill that could have had detrimental effects on local manufacturing companies.<\/p>\n The proposed bill, which aimed to increase tax incentives for local producers as compared to importers, had raised significant alarm among members of SLAM who feared its potential impact on their operations and survival. Local manufacturers, who play a vital role in providing direct employment opportunities to Sierra Leoneans, supporting the country\u2019s GDP, paying substantial taxes to the Government and contributing to community development, were apprehensive about the potential consequences of such legislation.<\/p>\n However, the Minister of Finance reassured the local manufacturers during the engagement meeting that the Government would not allow the bill to become law. He emphasized that the Government is committed to protecting local industries and acknowledged the vital role they play in the development of Sierra Leone.<\/p>\n Furthermore, the Minister pledged that going forward, the Government would actively engage with local manufacturers before formulating any laws or policies that could impact their businesses. Stressing the importance of a strong partnership between the Government and the private sector, he emphasized that both entities share a common goal \u2013 the advancement of Sierra Leone\u2019s economy.<\/p>\n The assurance and commitment from the Minister of Finance and his team have been met with resounding applause and appreciation from the local manufacturing community. This demonstration of support and partnership has been declared a positive step towards fostering a conducive environment for the growth and sustainability of Sierra Leonean industries.<\/p>\n Indeed, it must be noted that the recent engagement meeting between the Minister of Finance and local manufacturers has provided a glimmer of hope for the Sierra Leonean manufacturing sector. With the Government\u2019s commitment to safeguarding local industries and the promise of continued partnership, the stage has been set for a mutually beneficial relationship that will contribute to the overall progress of Sierra Leone\u2019s economy.<\/p>\n For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Amin Kef Africa-Press – Sierra-Leone. In a highly anticipated engagement meeting held on Friday 20th October, the Minister of Finance, Sheku Ahmed Fantamadi Bangura, and his team of Government officials met with representatives from the Sierra Leone Association of Local Manufacturers (SLAM) to address concerns over a proposed draft bill that could have had detrimental […]<\/p>\n","protected":false},"author":84,"featured_media":23983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[291,293,292],"class_list":["post-23985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\n