Sierra Leone and Libya sign MoU

Nov 28, 2010 12:00 AM

Libya and Sierra Leone have signed a Memorandum of Understanding (MoU) allowing both countries to share development programmes and increase their cultural relations, Information and Communications Minister Ibrahim Ben Kargbo has said.
The agreement incorporated funding for the expansion of telecommunications leading to the launching of the GreenNet mobile telephone system in December this year. Funding projects in the mining sector will allow Libya’s participation in the extraction of minerals including rutile, bauxite, iron ore, gold, oil and gas.

Trade links between the two countries will encourage Libyan oil companies to invest and participate in the distribution of petroleum products in Sierra Leone.
Both parties are finalising discussions for the construction of a five star hotel to boost tourism in the West African state. A high level delegation from Libya is expected soon, the agreement said.

Sierra Leone’s president Ernest Koroma has been keen on establishing cordial relations with other countries that share common developmental goals with Sierra Leonean, and Libya is no exception.
The Head of State is working tirelessly to encourage other countries to invest in Sierra Leone as he said the country is now open for business.

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