Sierra Leone to privatise telco
GOVERNMENT
By BiztechAfrica - Sept. 25, 2012, 8:48 a.m.
Sierra Leone’s government has approved a proposal to privatise the ailing state-owned telco.
The fixed line, mobile and internet operator, Sierratel, has been labouring under millions of dollars in debt for some time. In May this year, Sierra Leon’s National Commission for Privatisation (NCP) signed a three-year contract with the Management and Development Co of Beirut to run the telco, in a bid to turn it around.
The NCP also tabled a proposal in Parliament on the privatisation of Sierratel. The Minister of Information and Communication, Alhaji Ibrahim Ben Kargbo, told Parliament that privatising the telco would be in the best interests of the country, ensuring proper management and serving to encourage investors. The proposal was unanimously approved.
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