Sierra Leone

Sierra Leone is located on the west coast of Africa, lying mostly between latitudes 7° and 10°N (a small area is south of 7°), and longitudes 10° and 14°W. The country is bordered by Guinea to the north and northeast, Liberia to the south and southeast, and the Atlantic Ocean to the west.

Sierra Leone has a total area of 71,740 km2 (27,699 sq mi), divided into a land area of 71,620 km2 (27,653 sq mi) and water of 120 km2 (46 sq mi).The country has four distinct geographical regions. In eastern Sierra Leone the plateau is interspersed with high mountains, where Mount Bintumani reaches 1,948 m (6,391 ft), the highest point in the country. The upper part of the drainage basin of the Moa River is located in the south of this region.

The centre of the country is a region of lowland plains, containing forests, bush and farmland,[52] that occupies about 43% of Sierra Leone’s land area. The northern section of this has been categorised by the World Wildlife Fund as part of the Guinean forest-savanna mosaic ecoregion, while the south is rain-forested plains and farmland. In the west Sierra Leone has some 400 km (249 mi) of Atlantic coastline, giving it both bountiful marine resources and attractive tourist potential. The coast has areas of low-lying Guinean mangroves swamp. The national capital Freetown sits on a coastal peninsula, situated next to the Sierra Leone Harbour, the world’s third largest natural harbour.

The climate is tropical, with two seasons determining the agricultural cycle: the rainy season from May to November, and a dry season from December to May, which includes harmattan, when cool, dry winds blow in off the Sahara Desert and the night-time temperature can be as low as 16 °C (60.8 °F). The average temperature is 26 °C (78.8 °F) and varies from around 26 °C (78.8 °F) to 36 °C (96.8 °F) during the year.

Sierra Leone is slowly emerging from a protracted civil war and is showing signs of a successful transition. Investor and consumer confidence have continued to rise, adding impetus to the country’s economic recovery. There is greater freedom of movement and the successful re-habitation and resettlement of residential areas.

Rich in minerals, Sierra Leone has relied on mining, especially diamonds, for its economic base. The country is among the top ten diamond producing nations. Mineral exports remain the main foreign currency earner. Sierra Leone is a major producer of gem-quality diamonds. Though rich in diamonds, it has historically struggled to manage their exploitation and export.

Annual production of Sierra Leone’s diamond estimates range between US$250 million–$300 million. Some of that is smuggled, where it is possibly used for money laundering or financing illicit activities. Formal exports have dramatically improved since the civil war, with efforts to improve the management of them having some success. In October 2000, a UN-approved certification system for exporting diamonds from the country was put in place and led to a dramatic increase in legal exports. In 2001, the government created a mining community development fund (DACDF), which returns a portion of diamond export taxes to diamond mining communities. The fund was created to raise local communities’ stake in the legal diamond trade.

Sierra Leone is also known for its blood diamonds that were mined and sold to diamond conglomerates during the civil war, to buy the weapons that fuelled its atrocities.In the 1970s and early 1980s, economic growth rate slowed because of a decline in the mining sector and increasing corruption among government officials.

By the 1990s economic activity was declining and economic infrastructure had become seriously degraded. Over the next decade much of the formal economy was destroyed in the country’s civil war. Since the end of hostilities in January 2002, massive infusions of outside assistance have helped Sierra Leone begin to recover. Much of the recovery will depend on the success of the government’s efforts to limit corruption by officials, which many feel was the chief cause for the civil war. A key indicator of success will be the effectiveness of government management of its diamond sector.

Sierra Leone has one of the world’s largest deposits of rutile, a titanium ore used as paint pigment and welding rod coatings. Sierra Rutile Limited, owned by a consortium of United States and European investors, began commercial mining operations near the city of Bonthe, in the Southern Province, in early 1979. It was then the largest non-petroleum US investment in West Africa. The export of 88,000 tons created $75 million in export earnings in 1990. In 1990, the company and the government made a new agreement on the terms of the company’s concession in Sierra Leone. Rutile and bauxite mining operations were suspended when rebels invaded the mining sites in 1995, but exports resumed in 2005. The Tonkolili region hosts the biggest iron ore deposit in Africa and the third largest in the world, exploited by African Minerals, in the hills around Bumbuna, Mabonto and Bendugu.[85][86] The new Mines and Minerals Act was passed by Parliament in November 2009, which aimed to improve concessions management in the Ministry of Mineral Resources. Sierra Leone is an Extractive Industries Transparency Initiative (EITI) candidate country. In January 2012, the government launched the GoSL Online Repository, which makes public all mining licenses and related payments recorded.

About two-thirds of the population engages in subsistence agriculture, which accounts for 52.5% of national income. The government is trying to increase food and cash crop production and upgrade small farmer skills. The government works with several foreign donors to operate integrated rural development and agricultural projects.

Despite its successes and development, the Sierra Leone economy still faces significant challenges. There is high unemployment, particularly among the youth and ex-combatants. Authorities have been slow to implement reforms in the civil service, and the pace of the privatisation programme is also slacking and donors have urged its advancement.

The currency is the leone. The central bank of the country is the Bank of Sierra Leone which is in the capital, Freetown. The country operates a floating exchange rate system, and foreign currencies can be exchanged at any of the commercial banks, recognised foreign exchange bureaux and most hotels. Credit card use is limited in Sierra Leone, though they may be used at some hotels and restaurants. There are a few internationally linked automated teller machines that accept Visa cards in Freetown operated by ProCredit Bank.

The country has 0.8 million subscribers in total, or a 13.23% penetration rate.^[154] (2007)

The regulator is National Telecommunications Commission (NATCOM).