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NEWS : Local News  

In Sierra Leone, Government Launches ‘Business Bomba’ II
By Augustine Samba
Dec 6, 2010, 13:17
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The second phase of the Business Bomba plan Competition  geared towards enhancing entrepreneurship and fostering a conducive business climate in Sierra Leone was on Friday 3rd December, 2010 launched by the Minister of Trade and Industry, David Carew at the Youyi Building in Freetown.  This is a collaborative initiative by the Government of Sierra Leone, UK’s Department for International Development (DFID), the Soros Economic Development Fund (SEDF), the International Finance Corporation (IFC) and the German Technical Cooperation (GTZ). The competition is being organized by AFFORD-Sierra Leone.

 

Speaking at the ceremony, Mr. Carew commended both the organizers and sponsors for answering to the call by president to complement government’s Agenda for Change through private sector development. “As the competition seeks to stimulate entrepreneurial activities and support entrepreneurship in developing successful businesses,  we as a government have always assured of our commitment to empowering activities geared towards promoting indigenous businesses to foster economic growth,” he said informed, saying “it is necessary for Sierra Leoneans to have brilliant business ideas that are creative, technological and educative.”


The minister referred to last year’s Bomba Competition as a success story as according to him the robust ideas of last year’s winners are worth emulating.  “We are happy to inform you that all last year’s winners introduced new brands of products into our markets, restaurants and supermarkets,” he disclosed, adding that by that the winners have been able to create over 100 jobs for Sierra Leoneans.


He ended by expressing the hope that the programme would help to create an entrepreneurial culture in Sierra Leone and continue to unlock the enormous potential of people from all walks of life. 

 

Programme coordinator, Mr. David Bartholomew who gave an overview of the competition said this year’s competition would be extended to other parts of the country, including Kailahun, Kono, Kabala, Moyamba and Port Loko.  He said this year’s star prize will be One Hundred Million Leone, far exceeding the Seventy Five Million Leones for last year’s competition.

“Workshops and training exercises for Bomba II applicants will be conducted by AFFORD in their respective areas,” he informed, adding that forms can be obtained at the cost of Le 30,000.


Statements were also made by representatives of the various stakeholders present. 


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