INSIGHTS

26 Feb

Sierra Leone Tourism Industry: What Attracts Visitors And Why?

Introduction Sierra Leone is a beautiful country that boasts unique and diverse features. It is known for its beautiful white sand beaches, lush rainforests, and fascinating culture. The country has a rich cultural heritage, promising investment opportunities, and stunning natural habitats that attract tourists worldwide. What Attract tourist? In recent years, Sierra Leone’s tourism industry has emerged as a potential haven for tourists and investors seeking new horizons and unparalleled experiences. The country’s natural habitats make it even more appealing to visitors. Tourists are drawn to the country’s attractions, such as its beaches, islands, mountains, rivers, forests, and more. Sierra...

12 Feb

Real Estate Professionals and the Sierra Leone Finance Act 2024: Significant Changes and the need for compliance.

Introduction The Act, enacted recently, brings about significant changes in the tax landscape of Sierra Leone, particularly impacting the real estate sector. It introduces new regulations and amendments that real estate professionals must understand and comply with to effectively navigate the evolving sectoral terrain. Real estate professionals can gain a strategic advantage by understanding and complying with the Sierra Leone Finance Act 2024, enabling them to make informed decisions, offer competitive pricing, and provide accurate advice to their clients. This knowledge can also help them avoid potential legal issues and financial penalties, ensuring their business’s sustainability and growth. At Global...

14 Sep

OPPORTUNITIES FOR REAL ESTATE INVESTMENT IN SIERRA LEONE FOR DIASPORANS

SIERRA LEONE PROPERTY MARKETS The property market in Sierrr Laone is slowly developing. Poverty, cultural and religious beliefs and a strong preference for homeownership affect the demand and supply of housing. Factors like weak policy implementation, poor infrastructure, poor land administration, and profitability affect the way and manner people buy land and build houses. Large Real estate developers of affordable housing projects are very minimal. It is often expensive for the poor and average-income earners, and most projects have failed. The local Sierra Leoneans are the largest builders of rental and commercial buildings. Finance, Insurance and Real Estate are projected...

13 Jul

FINTECH, A SOLUTION TO AFFORDABLE HOUSING FINANCING: SIERRA LEONE READINESS, INTRODUCTION AND ADOPTION.

Introduction Fintech, short for financial technology, refers to the use of technology to provide financial services. In the context of affordable housing finance, Fintech plays a significant role in making housing more accessible and affordable. In recent years, fintech introduction and application in West Africa have seen significant growth and impact. For instance, Ghana has emerged as a Fintech hub in West Africa. Mobile money services, such as MTN Mobile Money and, Airtel, Tigo Money, have gained widespread adoption, enabling digital payments and financial inclusion. Fintech startups like Zeepay and ExpressPay have also emerged, providing innovative remittances and payment processing...

13 Jul

WHAT QUESTIONS TO ASK THE PROPERTY OWNER OR AGENT when buying a property in Sierra Leone

Are you considering investing in property in Sierra Leone? Before you take the leap, make sure to ask the property owner or agent these crucial questions. It’s essential to do your due diligence to ensure a successful and hassle-free transaction. Don’t miss out on this opportunity – ask the right questions and make an informed decision. 1. Title and Ownership: a. What is the exact location of the land? b. Who is the registered owner of the land? c. Can you provide the land title documents? Is it a leasehold or freehold property? d. Has the land been previously sold...

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