Sunday, March 18, 2012

Sierra Leone Poised for Oil Production

Sierra Leone's President Ernest Bai Koroma says his country is about to become an oil producing nation, as reported here.

Koroma is committed to striking a balance between natural resource development--Sierra Leone's potential in this regard is enormous--and environmental protection.

Sierra Leone's recovery from a long and particularly horrendous civil war is one of the planet's great peacemaking and peace-preserving success stories. The country is so stable, and the Sierra Leone Army has become so adept at peacekeeping, that it is now able to participate in peacekeeping missions in other countries. Click here to read about the forthcoming deployment of the Sierra Leone contingent of the African Union (AU) mission in Somalia, where Al Qaeda-affiliated, Islamist Al-Shabaab terrorists have been battling pro-government forces who have the support of AU-backed foreign forces.

Sierra Leone is slowly being transformed into an economic-hub in sub-saharan Africa with rapid developments in the areas of agriculture, mining and tourism. Foreign investors have been engaged in unprecedented ways to help change the economic fortune of this once war-torn state in West Africa. The recent investment by world-class companies like African Minerals has seen the country become one of the largest iron ore producers in the world. The country’s entire road network is facing a complete overhaul with new feeder roads being built to enhance trade locally and with neighbouring countries.