The Cabinet of Sierra Leone has approved development-financing agreements worth approximately US$73.8 million to support affordable housing, climate-resilient agriculture, food security, job creation and increased incomes for farmers.
The Minister of Information and Civic Education, Hon. Chernor Bah, made the disclosure during the Government Weekly Press Conference at the Miatta Civic Centre on Tuesday, September 1, 2026. He said the approved investments form part of government’s efforts to expand economic opportunities and improve essential services for citizens.
Cabinet approved a US$10 million concessional loan agreement with the Arab Bank for Economic Development in Africa to enable Sierra Leone acquire additional shares in Shelter Afrique Development Bank. “This investment is aimed at strengthening Sierra Leone’s position in the bank and improving the country’s access to financing for affordable housing, urban development and related infrastructure,” Minister Bah stated. The Minister of Finance has been instructed to present the agreement to Parliament for ratification.
Cabinet also approved approximately US$23.8 million from the African Development Fund for Phase One of the Sierra Leone Rice Special Agro-Industrial Processing Zone Project. The investment will support climate-resilient rice production, improve local processing and competitiveness, strengthen food security and nutrition and increase farmers’ incomes. The project will also establish an agro-industrial hub and Agricultural Transformation Centres, with particular attention given to women and young people.
“Feed Salone remains a priority for this government. This project will improve rice production and processing, create jobs and strengthen the country’s food security,” he said.
Additionally, Cabinet approved a US$40 million grant-financing agreement with the International Development Association for the Sustainable Agriculture Value Chain Intensification for Growth Project. The project will promote climate-smart agriculture, improve value addition and market access, support digital agricultural services, increase access to finance and attract private-sector investment. It is expected to directly benefit nearly 100,000 farmers, including approximately 40,000 women and 30,000 young people.
Beyond the financing agreements, Cabinet approved Sierra Leone’s intention to seek a seat on the United Nations Tourism Executive Council for the 2027–2031 term. If successful, membership will give Sierra Leone a stronger voice in international tourism policy and support efforts to create jobs, earn foreign exchange and increase the country’s global visibility.