Sierra Leone is shifting its approach to diaspora engagement by moving from rhetoric to effective policy and investment support for citizens abroad wishing to invest at home. A pivotal moment in this transition occurred in June during the Sierra Leone Diaspora Investment Conference (SLDIC) in London, which saw seven cabinet ministers and the Governor of the Central Bank in attendance—making it the largest government delegation to engage with the diaspora.
Day one was dedicated to direct government discussions with diaspora professionals and investors. A survey of over 400 attendees revealed that 78% were prepared to invest between $1,000 and $5,000, yet only 33% expressed trust in the processes back home. This gap is a crucial focus for the government. In a keynote speech, the Vice President acknowledged past frustrations with investing in Sierra Leone and stressed that trust must be built through partnerships, stating, “The government does not pretend to have all the answers.” He signalled that the government seeks to work collaboratively with the diaspora.
The groundwork for this partnership was laid months before the conference. Key milestones included the NIB’s formal partnership launch in April and its proactive roles during the conference, demonstrating an ongoing commitment to diaspora investment in Sierra Leone.
During the discussions, pressing questions about community-level conflicts arose. Millicent Lewis-Ojumu, the day’s moderator, queried how the government would support diaspora investors unfamiliar with local conditions. Dr. Edward Hinga Sandy, Executive Director of the NIB, assured attendees of a new aftercare framework to support investors on the ground, citing recent interventions in local pineapple farming as an example of their commitment.
Various government ministers reinforced the NIB’s support. Minister of Tourism, Nabeela Tunis, credited the NIB for their crucial assistance in developing viable projects, while Minister of Lands, Dr. Turad Senesie, assured investors that the government would facilitate land acquisition, easing initial barriers to investment.
The Vice President highlighted the government’s commitment to open dialogue, allowing businesses to raise concerns directly. The collaboration demonstrated a unified approach, where ministries provided sector expertise and the NIB served as the primary entry point for diaspora investors.
To enhance the investment landscape, the NIB has initiated several improvements in Sierra Leone, including a One Stop Shop for investors, quicker business registration aimed at a 24-hour turnaround, and an aftercare strategy embedded in the National Investment Strategy for 2025-2030.
Looking forward, the NIB’s initiatives, coupled with the recent governmental collaboration in London, are seen as vital for encouraging diaspora investment. The NIB will continue these discussions back home in December during an event in Freetown.
The December event will take place from 28-29 at the Radisson Blu Mammy Yoko Hotel. Tickets will be available for $125, covering both days with meals included.
