About

Invest Salone is a UK government-funded, private-sector development programme that boosts investment in agriculture, manufacturing, fisheries and tourism by strengthening the pipeline of investible firms and projects; supports firms to grow their exports; and helps the private and public sectors to find lasting solutions to investment blockages that hamper business growth. The overall aim is to increase incomes and jobs for thousands of Sierra Leonean women and men.

Sierra Leone is one of the poorest countries in Africa, with a poverty rate of 54%. This is reflected in a largely informal, underdeveloped and unproductive private sector. However, the country has a vast potential for faster, more inclusive growth that could create jobs for youth, make it more competitive globally, raise tax revenues and lift it out of its dependence on international aid.

Invest Salone is working to reduce the cost and risk of doing business in Sierra Leone. It also helps firms to grow using a spectrum of tools, including brokering links between producers and buyers, providing technical assistance and through the PROSPER Salone and COMPETE Salone grant facilities.

OFFER TO BUSINESSES

Invest Salone provides technical assistance on a shared-cost basis to firms to help them improve their investment- and export-readiness. Invest Salone also works with firms and their business associations to address bottlenecks and impediments to the growth of sectors, such as cashew, ecotourism and aquaculture to enable more inclusive growth that benefits the citizens of Sierra Leone.

OFFER TO INVESTORS AND BUYERS

Invest Salone works with investors to help them grow their pipeline of investible firms and projects and to overcome obstacles to investing in Sierra Leone. Similarly, Invest Salone helps connect export buyers to export-ready firms in Sierra Leone to boost international trade.

OFFER TO BUSINESSES AND GOVERNMENT

Invest Salone is working with the public and private sectors to identify, design and implement reforms that will reduce the costs and risks of doing business in Sierra Leone. Invest Salone will support the development of investment reforms that grow investments and exports, creating jobs and raising incomes of benefit to citizens across the country.

Invest Salone works across four key sectors: agriculture, fisheries, manufacturing and tourism.
Transforming agribusiness through agricultural investment

Sierra Leone has about 5.4 million hectares of arable land with fertile soil and abundant rainfall suitable for agribusiness. Agriculture contributes significantly to the country’s economy with around two thirds of the workforce employed in the sector.

Investment in Sierra Leone’s agricultural sector has the potential to increase the country’s exports of products such as oil palm, cashew, coffee and cocoa. With government and private sector investment in the agriculture industry, the sector is projected to grow by 4.2% in 2019.