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Vol 6 (AAC) No 10

Published 1st August 2013

Sierra Leone

Koroma nets $6.5 bn. deal from Kingho

President Koroma wants more investments from China and Kingho is ready to go

Chinese companies, both private and state-owned, are set to carve out major stakes in Sierra Leone’s economy. Sierra Leonean President Ernest Bai Koroma ended a six-day trip to China on 30 June. His delivered an address to the 2nd World Peace Forum and to a global security meeting organised by Tsinghua University. However, the real aim of President Koroma’s visit was to push forward a raft of Chinese investment from both private enterprises and state-owned policy banks, which total some US$8 billion.

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