Sierra Leone’s President) Dr. Julius Maada Bio on Tuesday, May 10, 2022 affirmed the review of the Local Content Act 2016.
President Bio made this disclosure during the State Opening of Parliament in the Chamber of Parliament Building Tower Hill, Freetown.
“The Agency will soon review the Local Content Act 2016 to address grey areas and take advantage of opportunities embedded in the African Continental Free Trade (AfCFTA) for the local private sector,” President Bio said, pointing out that the legislation will be brought forward to Parliament.”
Speaking on the achievements of the Agency, President Bio disclosed that through its Business Development Pillar, the Local Content Agency has improved the capacity of local suppliers in procurement procedures and quality standards for those linked to the supply chains of 6 large companies, noting that local suppliers showcased their products in the Made-In-Sierra Leone Trade Fair and Exhibition.
He said that the agency further commenced a nationwide Local Content Audit of Large Companies across growth sectors to increase compliance with Local Content Laws.
By George M.O. Williams