Parliament Enacts 2025 Investment Framework Act

By Desmond Issac Macauley
The Parliament of Sierra Leone, has debated and passed into law with some amendments, the Bill entitled “The Investment Framework Agreement Act 2025”.
The Bill Seeks to provide for the ratification by Parliament the Investment Framework Agreement for Investment in, and development of Sherbro Island. Between the Government of Sierra Leone and the Shebro Alliance Partnership Limited, and to provide for other related matters.
Presenting the Bill to Parliament, the Attorney-General and Minister of Justice, Alpha Sesay Esq said the document seeks the ratification of the investment framework agreement between the Government of Sierra Leone and Sherbro Alliance Partners Limited. He went on to note that the agreement outlined the investment and development of Sherbro Island.
The Minister explained that, the Bill is divided into eight parts, each addressing critical components of the agreement. He emphasized the importance of these sections for the understanding and benefit of Members of Parliament.
Hon. Sulaiman Marry Conteh from Western Area described the Bill as straightforward and underscored its potential for contributing significantly to Sierra Leone’s socioeconomic development.
Hon. Moses Edwin from Bonthe District, affirmed that the people of Bonthe were well-informed about the agreement. He highlighted the importance of the Bonthe Trust Fund as part of the investment framework. “This project is laudable for the development of Bonthe Island,” he said, adding that the investment is timely given the area’s historical development.
Hon. Emelia L. Tongi from Kailahun District showered praises on the Bill, calling it one of the most promising pieces of legislation presented before Parliament. She noted that Sierra Leone’s attractiveness to investors is tourism and encouraged more investment in the country.
From Kono District, Hon. Rebecca Y. Kamara welcomed the investment, describing it as an eye-opener for future opportunities. Drawing comparisons with Cyprus, she stressed the potential for island-based development. “Sierra Leone is beautiful and more secure,” she concluded and encouraged citizens to embrace the initiative.
The Acting Leader of Government Business, Hon. Bashiru Silikie expressed strong support for the Bill. He reaffirmed its importance and assured Parliament that all necessary steps would be taken to ensure its successful passage.