Gento Group, a leading local company, is driving infrastructure projects like the Banana Island Port to unlock the country’s untapped potential in trade, minerals, and tourism.



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“The Banana Island Port’s natural depth of 22 meters and its proximity to the Atlantic shipping route, provides it with a distinct advantage in sailing time.” Mohamed Gento Kamara, Chairman and CEO of Gento Group of Companies (SL) Limited 



Mohammed Gento Kamara – a British Sierra Leonean whose entrepreneurial journey evolved from his initial ventures in owning three mobile phone retail shops in South London to significant real estate investments in Manchester, where he partnered with a U.K. company. His move to Sierra Leone in the early 2000s marked a pivotal transition, driven by a desire to contribute to the country’s recovery after the devastating civil war, with a focus on infrastructure projects. 



“The then-president asked me to stay and inspire young people, showing them that war is not an option and that they can better their lives,” recalls Mohamed Gento Kamara, now  Chairman and CEO of Gento Group of Companies (SL) Limited, a firm with reporting assets worth over US$150 million. His firm’s early projects included the monumental transformation of Hill Station and Hill Cot Road, which Sierra Leoneans describe as very difficult, a testament to the company’s resilience and capability. “The transformation from its former state to its current form was profound,” he noted, underscoring the tangible impact of these projects. Over the last decade, Gento Group has solidified its position as a key player in Sierra Leone’s infrastructure development, with Kamara proudly stating, “Gento Group became the face of local content in Sierra Leone.” 



Gento Group is leading several transformative projects that are set to redefine Sierra Leone’s economic future. At the forefront is the Banana Island Port Project, a venture with immense potential to reshape global trade connectivity. As the CEO explains, “The Port’s natural depth of 22 meters and its proximity to the Atlantic shipping route, provides it with a distinct advantage in capacity and sailing time,” He emphasizes that the port’s natural depth and strategic positioning make it a powerful contender against prominent ports in the subregion. This unique depth positions Banana Island as a prime destination for large vessels, enabling Sierra Leone to slash freight costs and boost trade between Asia, America, and Europe. 



The project is backed by a 25-year renewable concession agreement with the government. The logistics hub construction is already underway, and the island’s ports development is set to commence by the end of this year. Gento Group has made enduring contributions to social infrastructure on the island,  constructing a hospital, community center, and secondary school. “We are confident that this port will transform Sierra Leone’s economy, bringing about undeniable change, particularly by creating job opportunities,” Kamara states, highlighting the transformative impact the port will have on both the local economy and Sierra Leone’s global position. The project is expected to be operational by 2028, ushering in a new era for the region’s maritime industry. 



In addition to the Banana Island project, Gento Group is making significant strides in urban development through its Waterloo Township Projects, designed to improve urban infrastructure and create a more sustainable living environment. 



“We also have a quarry around the peninsula in an area called Tombo. We are exploring the possibility of exporting granite stones to The Gambia,” he says. This is part of the firm’s diversification strategy and its effort to capitalize on regional demand for high-quality materials. In real estate, Gento Group is developing rental housing on the Peninsula and aims to expand into property sales by 2026. 



“Over the years, we’ve worked with multiple governments, creating jobs and driving economic growth,” Kamara notes, underlining his firm’s role in fostering local content and contributing to the nation’s long-term growth.  



As infrastructure projects play a vital role in fostering investor confidence and generating opportunities for both local and international companies, the CEO explains, “Gento Group has brought confidence to Sierra Leone’s economy transforming a landscape once dominated by foreign interests. We have changed that narrative, proving that local companies can lead the change in reshaping Sierra Leone’s economic future.” 



Reflecting on Sierra Leone’s potential as an investment destination, the CEO highlights the country’s untapped resources in minerals, tourism, and infrastructure. “Sierra Leone is a virgin state with immense untapped potential,” he says, implying that projects like the Banana Island port are pivotal in unlocking these prospects, offering investors a rare chance to be part of the nation’s promising future. 



<a href="https://www.forbesafrica.com/africa-undiscovered/2025/04/10/sierra-leone-unlocking-west-africas-investment-potential/">Read full Report by Penresa here</a>


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MOHAMED GENTO KAMARA, CHAIRMAN AND CEO OF GENTO GROUP OF COMPANIES (SL) LIMITED

Pioneering Local Excellence and Shaping National Progress 

From a humble local baker to factory owner, Amadu Juldeh Sowe is transforming Sierra Leone and the West African sub-region’s key consumables production industry.&nbsp;



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“Our goal is to transition Sierra Leone from a net importer of flour to a net exporter.” Amadu Juldeh Sowe, Managing Director of BSB International Limited&nbsp;
</blockquote>



The consumables commodities production industry in Sierra Leone and the subregion currently grapples with a host of challenges. These include production trends, market dynamics, and economic factors such as inflation, commodity price fluctuation, supply chain disruptions, and trade restrictions.&nbsp;&nbsp;



Notwithstanding these myriad challenges, well-meaning individuals like Amadu Juldeh Sowe&nbsp;(commonly called Juldeh Sowe), whose sphere of influence extends beyond his immediate community, are having a massive impact on Sierra Leone’s broader societal and developmental aspirations. And now, his resolute commitment is extending to the subregion.&nbsp;



Sowe’s key companies, BSB International and Sierra Leone Flour Mill, are major players in Sierra Leone’s commodities production industry. Sowe’s journey in this space started when he took over managing his family-run Brass Street Bakery business. The bakery, operated on a small scale across three generations starting with his grandfather, his father, and latterly Sowe, producing and supplying bread, Sierra Leone’s second staple food.&nbsp;



Juldeh Sowe saw bread production as a business that transformed the lives of his family, fed his people, and contributed significantly to socio-economic development. Upon assuming the reins, he carried out a major restructuring of the business, assuring proper financial management, recruiting and training specialized staff, and expanding production. His business’s founding ethos is built on empowering indigenes whilst assuring sustainability within the Environmental, Social, and Governance (ESG) framework. He transformed the business into a corporate entity, BSB International Limited, with effective corporate governance structures for sustainable growth in 2012.&nbsp;



To achieve his dream, Juldeh Sowe quickly realized that effective supply chain management was a top priority. He became a key agent of Sierra Leone Flour Mill, then run by the American multinational Seaboard Overseas and Trading Group in West Africa, the country’s sole wheat-flour producer guaranteeing consistent wheat-flour supplies. With effective quality control, marketing strategies, good storage facilities, distribution networks, and sheer determination, the businesses realized major growth to become a mainstay in the&nbsp;commodities sector.&nbsp;&nbsp;



In 2012, Seaboard West Africa closed down operations in Sierra Leone. Sowe leveraged his healthy revenue stream and networks developed to acquire the mill, becoming the first indigenous business to own a mill in Sierra Leone and the Mano River basin.&nbsp;



The business became vertically integrated, assuring effective synergies for premium bread and related production and service delivery. Not long after, however, as Sowe notes, “We were not just looking at profits, we were looking at how we can support and make our people stronger.” As a consequence, he diversified the business, initially scaling down the bakery operations until eventually closing this arm.&nbsp;



He has branched out into importing essential commodities, the country’s staple food, rice, sugar, and other essentials. Wheat flour and related products, however, remain a core business. Under Seaboard West Africa’s management, daily production capacity was 150 metric tons, which proved insufficient to meet domestic wheat flour demand. The solution was importation,&nbsp; significantly draining limited foreign currency reserves.&nbsp;



To guarantee sustainable growth and feed his people, he commissioned the construction of a state-of-the-art US$20 million milling facility with an impressive 600 metric tons per day production capacity in March 2023. Commissioning of the new mill, now over 90% complete, is expected in the first quarter of 2025. The opening of the mill will make it the largest in the Mano River basin.&nbsp;



The BSB International team gave a tour of the impressive modern milling facilities, offering a chance to observe the old and new milling facilities and production processes. The new mill, equipped with energy-efficient technologies, embodies an expansive outfit, a fundamental realignment of the country’s food production ecosystem. This is also expected to significantly transform the country’s wheat flour and related products space, reduce costs, and assure Sierra&nbsp;



Leone’s self-sufficiency. “When we produce in large quantities, the price will come down. Everyone will benefit; bread, flour, and other products will become more affordable,” Sowe observes.&nbsp;



Plans are already on course to export excess production to neighboring Guinea and Liberia, unlocking cross-border trade opportunities and transforming Sierra Leone from a net wheat flour&nbsp;importer to a net exporter. The new mill is also expected to aid in ameliorating unemployment through the creation of 100 new jobs, boosting the current 150 workforce.&nbsp;



Additionally, once the new mill becomes operational, Sowe plans to establish distribution depots across the country. The depots also create jobs and increase opportunities for transporters. This emphasis on job creation offers optimism about the country’s economic outlook, reinforcing the positive impact of Sowe’s initiatives.&nbsp;



This would also ensure that by-products of the milling process, such as animal feed, would be available to support the growth of the poultry industry. “Our mill dedicates 25% of production to animal feed, supporting poultry farms and agriculture, significantly growing poultry farming across the country,” says Sowe.&nbsp;



With 100% of locally consumed wheat flour imported, Sowe is pursuing ventures to reduce import reliance and global supply chain disruptions. Sierra Leone Flour Mill commissioned research to integrate cassava, a resilient and abundantly available local crop, into the mill’s production process. Significant progress is being made with expectations that cassava will contribute 20% of raw material in the mill’s production. Funds have also been earmarked for additional research to boost wheat flour alternatives to ensure cost-savings whilst empowering the national economy.&nbsp;



The strides of Sowe and his businesses have not gone unnoticed, and it came as no surprise when following commissioning the construction of the new mill, Sierra Leone Flour Mill successfully&nbsp;pursued engagements with the International Finance Corporation (IFC). The IFC is now providing partial financing for the new mill’s construction and additional working capital. This represents a significant milestone for an indigenous-grown business and offers hope to many Sierra Leoneans that doing the right thing and contributing to national development pays off immensely.&nbsp;



BSB is also collaborating with the government in its US$800 million rice cultivation initiative aimed at revamping this fledging sector. The company has commissioned an initial investment of&nbsp;around US$2 million with plans to upscale investment in 2025–2026.&nbsp;



BSB’s involvement as part of a broader strategy to promote and link industrial and agricultural growth, aims to reduce rice imports, positioning the country in the short-term as self-sufficient and, in the long run, as a major exporter. “This country has the land. If you fly over Sierra Leone, you will observe abundant arable, fertile land awaiting cultivation. Rice farming thrives in places like Torma Bum, with immense potential to feed Sierra Leone,” Sowe observes.&nbsp;



With the significant gains in Sierra Leone, Juldeh Sowe moved into the Guinea Bissau market, where his business is now operating a flour packaging facility. Plans are underway to commission a 300 metric tons daily production capacity in the first quarter of 2025. 



“We are equally expanding our operations in the commodities space in the Republic of Guinea and Liberia, following encouraging results from market surveys conducted,” Sowe states.&nbsp;



Sowe’s business plays a critical role in ensuring ready access to commodities and boosting local production, aligning with the government’s “Feed Salone” project. As a result, he has, on several&nbsp; occasions, received support from the government of Sierra Leone, much like any other sustainable business. He notes, “When we required land for the new mill, the President supported us, to secure a fair market rate for the land within a short period. The government is supporting us with import waivers necessary for completing the mill. Additional support in ensuring regular foreign currency availability and assistance in repossessing the shed, acquired as part of SLFM&nbsp;assets at the port for wheat storage would significantly enhance business stability and success.”&nbsp;



With this growth and success, Sowe fondly states “I have to give back to my people. I see myself as a benefactor who should touch the lives of my indigent compatriots.” Records shown to us inform that over the last 20 years, Sowe and his businesses have funded over 300 scholarships annually, ensuring that young Sierra Leoneans receive quality education from primary schools to universities. Sowe also spends an average of US$100,000 annually on community programs, including critical surgeries and other healthcare as well as farming initiatives. “We have been fortunate to grow with the community. We seek to touch the lives of many so that we leave a lasting impact,” Sowe remarks.&nbsp;



Juldeh Sowe’s story is one of hope, growth, and transformative vision. A humble local baker with ambitions that constantly transcend the confines of traditional inward-looking business mindsets; a commitment to self-reliance and innovation to feed his nation, transform lives, and migrate his success story beyond Sierra Leone. Such immense potential and growth trajectories offer hope and expectations for Africans, providing African solutions to change their circumstances.&nbsp;



How far can his story go? Only time will tell. From what has been observed, however, it seems destined for continued growth and success. His parting words were, “There is so much to do, so&nbsp;little done.”&nbsp;



For the full Penresa report on Sierra Leone <a href="https://www.forbesafrica.com/africa-undiscovered/2025/04/10/sierra-leone-unlocking-west-africas-investment-potential/">CLICK HERE</a>


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Amadu Juldeh Sowe, Managing Director of BSB International Limited

Redefining Sierra Leone’s Flour Industry

Ecobank delivers tailored banking solutions, empowers SMEs, supports mining and agriculture, and champions financial inclusion with cutting-edge digital solutions.&nbsp;



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“By partnering with fintech and embracing innovation, we’re breaking barriers in banking and enabling access for unbanked populations like never before.” Sebastian Ashong-Katai, Managing Director of Ecobank Sierra Leone&nbsp;
</blockquote>



Ecobank stands out in Sierra Leone’s diverse economic scene for its innovation, inclusivity, and strategic leadership. Sebastian Ashong-Katai, Managing Director of Ecobank Sierra Leone, has led the bank’s business in Sierra Leone over the past year. He has been with the Ecobank Group through key milestones in banking, worldwide collaborations, and community impact over the past 14 years.&nbsp;



“I’ve had the privilege of managing relationships with financial institutions and development&nbsp; organizations such as the UN, ECOWAS, and African Union says Ashong-Katai. His career spans roles at major institutions such as Citibank and Standard Chartered, equipping him with insights that now drive Ecobank Sierra Leone’s transformative agenda.&nbsp;



Ecobank Sierra Leone has grown significantly over the last few years. With seven locations, 28&nbsp;ATMs, and over 200 agents, the bank is dedicated to providing financial services to even the most isolated communities. “Our agent network is pivotal in driving financial inclusion,” he says. Advancements in digital banking augment this broad reach.&nbsp;



Ecobank introduced USSD-based banking, enabling access for non-smartphone users. This initiative, alongside a partnership with fintech and telecommunication companies, has significantly improved access for unbanked populations. “By combining our&nbsp;infrastructure with fintech technology, we’ve expanded our reach to communities previously untouched by formal banking,” Ashong-Katai says.&nbsp;



Ecobank has cemented itself as a vital driver of Sierra Leone’s economic growth. This devotion is exemplified by the bank’s engagement with British International Investments. A US$25 million facility has been committed to help small and medium-sized firms (SMEs), with an economic effect of US$75 million expected over five years. “SMEs are the backbone of any economy,” says Ashong-Katai. “This partnership underscores our commitment to sustainability and economic empowerment.”&nbsp;



Beyond SMEs, Ecobank actively supports the mining sector, a cornerstone of Sierra Leone’s economy. The bank also plays a crucial role in the nation, from facilitating imports and payments for companies to extending financial services to workers. “We don’t just serve the companies; we also bank their employees, making a tangible difference in their lives,” says Ashong-Katai.&nbsp;



Ecobank’s focus on digital transformation extends to education and youth engagement.&nbsp; Initiatives like Junior Savers aim to instill financial literacy and align banking products with the aspirations of Sierra Leone’s young population. “Engaging with the youth is investing in the future,” says Ashong-Katai. Additionally, the bank supports the digitalization of university&nbsp;systems, enabling seamless electronic payments and tailored student banking packages.&nbsp;



In partnership with the Ministry of Communications, Ecobank is advancing AI education, providing schools with resources to embrace technological change. “By equipping students with AI tools, we are preparing the next generation for a tech-driven future,” he says.&nbsp;



Recognizing the pivotal role of women in economic development, Ecobank has launched the Ellevate initiative. This program offers loans, market access, and capacity-building for women-led or women-centric businesses. “Through Ellevate, we’re not just financing businesses; we’re creating opportunities for women to thrive,” Ashong-Katai says. By 2025, the initiative aims to expand its impact significantly across Sierra Leone.&nbsp;



Ecobank helps regional trade under the African Continental Free Trade Agreement through its presence in neighboring nations like Liberia, The Gambia, and Guinea. “Our network uniquely positions us to support businesses engaging in cross-border trade,” Ashong-Katai notes. He claims that the bank’s strong international correspondent banking network benefits import and export businesses, demonstrating its reputation as a reliable partner to investors.&nbsp;



Looking ahead, Ecobank Sierra Leone’s strategic goals align with its vision for a more inclusive and innovative financial sector. These include scaling the Ellevate initiative, deepening engagement in digital banking, initiatives to empower the youth, and facilitating economic integration in West Africa. “We are not just a bank; we are a partner in Sierra Leone’s growth story,” says Ashong-Katai.&nbsp;



For the full Penresa report on Sierra Leone <a href="https://www.forbesafrica.com/africa-undiscovered/2025/04/10/sierra-leone-unlocking-west-africas-investment-potential/">CLICK HERE</a>


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<figure class="aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="591" height="591" src="https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3.jpg" alt="" class="wp-image-65159" style="width:337px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3.jpg 591w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3-300x300.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3-150x150.jpg 150w" sizes="auto, (max-width: 591px) 100vw, 591px" /></figure></div>

Sebastian Ashong-Katai, Managing Director of Ecobank

A Smarter Approach to Banking for a More Inclusive Economy

Sierra Leone’s largest mining enterprise, drives economic growth through advanced mining, cutting-edge infrastructure, and direct community investments, powering industrial transformation.&nbsp;



“The transition from exporting raw materials to producing high-grade, value-added products represents a major step toward Sierra Leone’s economic independence.” Gilbert Zhao, CEO of Leone Rock Metal Group&nbsp;



Gilbert Zhao, CEO of Leone Rock Metal Group, sees a flourishing future for Sierra Leone based on industrialization, sustainability, and community empowerment. Under his direction, the firm has expanded tremendously since its inception in 2010, from an exploration-focused organization&nbsp;to Sierra Leone’s largest mining venture. Leone Rock Metal Group now provides 18% of the country’s GDP and employs over 10,000 people, cementing its position as a foundation of the local economy. “To operate successfully here, you must understand both the governmental and community systems,” says Zhao. This dual approach has enabled Leone Rock to thrive in a unique socio-political environment.&nbsp;



Originally focused mainly on mining, the company has recently expanded into railway operations, port construction, and maritime logistics. These developments are critical to Sierra Leone’s goal to establish itself as a logistical and industrial hub in West Africa. “Infrastructure is key to mining operations,” Zhao says. “Without modernized systems, ore cannot be hauled or exported effectively.”&nbsp;&nbsp;



At the heart of Leone Rock’s vision is its five-year strategic plan (2021–2027), which aims to double production capacity from 10 million to 20 million tons annually. More significantly, the company is shifting from producing low-grade direct shipping ore (57%) to high-grade concentrated ore (65%). This transition represents a leap toward value addition and technology transfer within Sierra Leone. “Our goal is to help Sierra Leone transition from a mineral-export economy to an industrialized economy,” says Zhao.&nbsp;



Future industrialization initiatives include the construction of smelter plants, processing facilities, and steel factories. Zhao emphasizes the broader impact of these projects: “These facilities not only create jobs but also establish Sierra Leone as an industrial hub, ready to compete on the global stage.”&nbsp;



Leone Rock Metal Group has embraced the Environment, Social, and Governance principles, making sustainability a core part of its operations. The company has introduced renewable energy projects, including solar solutions, to reduce carbon emissions and align with global environmental standards. Zhao describes this commitment as integral to Leone Rock’s philosophy: “It’s about balancing development with environmental protection.”&nbsp;



Equally significant is the company’s Community Development Fund, which invests directly in local projects. This innovative approach ensures that community members have a voice in their&nbsp;development priorities. “We believe growth revenues should benefit the people directly,” Zhao says. “This fund allows communities to determine their most urgent needs.”&nbsp;



Leone Rock’s partnerships with subcontractors and government agencies have fueled innovation and inspired confidence among international investors. Zhao acknowledges the role of government support in streamlining business processes. “The introduction of a one-stop shop for investors and modernized mining laws demonstrates Sierra Leone’s commitment to fostering a conducive investment environment,” he says.&nbsp;



As Leone Rock Metal Group approaches its 15th anniversary, its ambitions remain as bold as ever. Zhao sees the company not just as a business leader but as a catalyst for Sierra Leone’s transformation. “We want to lead Africa’s mining sector into a new era,” he says. With its strategic initiatives and commitment to the community, Leone Rock Metal Group exemplifies the potential of responsible business practices to drive national development.&nbsp;



For the full Penresa report on Sierra Leone <a href="https://www.forbesafrica.com/africa-undiscovered/2025/04/10/sierra-leone-unlocking-west-africas-investment-potential/">CLICK HERE</a>


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<figure class="aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="591" height="591" src="https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3.jpg" alt="" class="wp-image-65159" style="width:519px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3.jpg 591w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3-300x300.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3-150x150.jpg 150w" sizes="auto, (max-width: 591px) 100vw, 591px" /></figure></div>

Gilbert Zhao, CEO of Leone Rock Metal Group

Sierra Leone’s Mining Growth Paves the Way for Industrialization 

The nation is enhancing infrastructure, streamlining business regulations, and expanding agriculture, finance, and renewable energy, creating a stable, investor-friendly economy with regional trade advantages.​ 



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“Government will rigorously pursue the vision of Eswatini to move from a lower middle-income country to attaining a high-income country classification.” Russell Mmiso Dlamini, Prime Minister of Eswatini
</blockquote>



As Eswatini prepares to commemorate King Mswati III’s birthday on April 19, the event provides more than just royal celebrations; it is also a window into a changing country.



The country has successfully struck a balance between maintaining its rich cultural heritage and creating a future characterized by economic expansion, wise investment, and legislative measures that establish the country as a powerful force on the international commercial scene.



Eswatini has been gradually establishing an identity that combines heritage and advancement after its historic name change in 2018. The departure from Swaziland was a statement of independence and faith in its own sovereignty, not just a rebranding effort. With changes spearheaded by a recently appointed prime minister, the nation is now enhancing its standing as a vibrant and investor-friendly southern African destination.



The government is actively reducing red tape, improving business laws, and creating an environment that supports the success of both domestic company owners and international investors. For individuals wishing to take advantage of Eswatini’s growing economic environment, the emphasis is on actual, observable possibilities rather than simply policy. Large-scale infrastructure initiatives, including digital connection and transportation networks, are making conducting business easier and increasing the nation’s attractiveness to foreign investors.



Eswatini may be small, but it offers enormous potential for businesses. Strategically positioned within the Southern African Customs Union and a committed participant in the African Continental Free Trade Area, the country enjoys privileged access to regional and international markets with minimized trade barriers.



Manqoba Khumalo, Minister of Commerce, Industry, and Trade, recognizes the country’s growing role in the region’s economy.



“We’re creating an environment where ambition and fresh ideas can turn into real success. Our policies are designed to give entrepreneurs and investors the support they need to build lasting businesses in Africa.”



His ministry plays a critical role in ensuring that Eswatini remains an attractive destination for capital and enterprise.



Dumisani J. Msibi, Group Managing Director of FINCORP, emphasizes the nation’s agricultural advantages, saying, “Eswatini’s climate is perfect for farming all year round, which gives us a real advantage. With new trade deals creating fresh opportunities, we’re in a great position to boost our exports in a big way.”



Agriculture is a cornerstone of the economy, fueling employment and creating new revenue streams.



Beyond agriculture, other industries are flourishing. Nick Jackson, Managing Director of the Royal Eswatini Sugar Corporation, highlights the broader economic strides.



“The rate at which things are improving is really going up. Infrastructure is getting better, the workforce is strong, and there’s a lot of energy around investment opportunities here,” he says.



Financial services are expanding, ensuring that businesses, from small startups to large enterprises, have access to capital. This financial growth supports entrepreneurship and fuels innovation across various sectors, strengthening the nation’s economic foundation.



Eswatini is evolving with sustainability and innovation at its core. The country is ramping up investment in renewable energy projects, modernizing its industrial sector, and embracing digital transformation to create a resilient economy that can withstand future challenges.



A major focus is on education and workforce development, ensuring that Eswatini’s people are equipped with the skills needed for the jobs of tomorrow. The government is also fostering a culture of technological advancement, paving the way for an ecosystem of digital entrepreneurs ready to compete globally.



Eswatini is a great option for investors seeking a steady, aspirational, and progressive market. In addition to celebrating another year of rule under King Mswati III, the kingdom is ushering in a new period in which tradition and advancement coexist harmoniously, and there are countless prospects for development.



<a></a>The country is gaining recognition as a dynamic hub for innovation and economic prosperity in Africa, driven by effective policies, a highly skilled workforce, and a strong commitment to sustainable growth.



<a href="https://cms.forbesafrica.com/wp-content/uploads/2025/04/ONLINE-PENRESA_FA-Eswatini-2025-v_02-2.pdf">​Download load the full report here</a>



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ESWATINIT LANDING_web (4)

Eswatini: Africa’s New Promise 

RASAB is promoting Sierra Leone’s digital transformation, by improving its broadband access infrastructure, and integrating fintech solutions that create opportunities and create bridges to global opportunities.&nbsp;



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“It’s not just about making money, it is about leaving a meaningful footprint, touching lives, and creating impact for 8.5 million Sierra Leoneans.” Davar Fazaeli, Chairman and CEO of RASAB&nbsp;
</blockquote>



RASAB launched an investment program in 2020 to spearhead a technological transformation underpinned by innovation, inclusion, and sustainability. The company is driving an integrated&nbsp;business model that combines an international internet gateway, mass-market fixed fiber-optic broadband connectivity, 5G mobile data connectivity, and globally integrated digital financial&nbsp;services.&nbsp;



RASAB is a company that has established multiple subsidiary operations and is spearheading a technological transformation in Sierra Leone. Within four years, the group has ventured into&nbsp;market segments and is delivering services considered unachievable or too risky for a market&nbsp;like Sierra Leone.&nbsp;



The market entry point in 2020, was the takeover of the country’s only sub-marine fiber landing station, which is part of the Africa Coast to Europe (ACE) network. Zoodlabs, one of the subsidiaries, entered into a long-term contract with the government of Sierra Leone for the operation, maintenance, and commercialization of the infrastructure, which was licensed for internet bandwidth wholesale to mobile operators and internet service providers. The company made investments in upgrading the infrastructure, notably transitioning its energy source from diesel generators to 100% renewable energy systems; increasing the active landing capacity to increase supply, and adding more traffic pathways to improve service reliability.&nbsp;



Observing the bottlenecks in internet capacity transmission from the landing station, the next step in the investment journey was through Metrocable. This subsidiary invested in 1,900+ km&nbsp;



of terrestrial fiber optic transmission, distribution, and access network covering approximately 87% of the capital city, Freetown. This network ushered in a significant increase in the internet&nbsp;traffic migration capacity to mobile communication towers as well as last-mile customer premises.&nbsp;



The combined effect of Zoodlabs’ efficiency gains; Metrocable’s enhanced transmission and distribution capacity, and the increased capacity of last-mile operators to deliver more to their&nbsp;



customers has seen an increase in the quality of services and a dramatic reduction in internet prices across the value chain. The wholesale internet price dropped by 60% between 2020 and 2024. Additionally, the price of an average 10Mbps fixed home connection fell by approximately 189%; while the number of fixed fiber connections increased by over 300% in the same period. “Our mission is to provide scalable and affordable solutions that address Sierra Leone’s connectivity and financial needs, enabling its people to compete regionally and globally,” says Fazaeli.&nbsp;



Based on its assessment of the significant limitations in the country’s digital financial service&nbsp;space, the group launched Vult, a futuristic fintech service in mid-2024, with a vision to integrate&nbsp;



the country’s financial system with global digital financial ecosystems. The platform’s rapid adoption rate – 25,000+ subscriptions within 90 days – underscores its transformative potential. Vult is already integrated with Visa, Mastercard, and other international financial networks, and has the potential to connect every Sierra Leonean to the global financial system.&nbsp;



The group’s next brave intervention is the launch of a 100% 5G mobile data-only network operation in the country. This investment was justified by the observed limitations in the country’s existing last-mile mobile data infrastructure and its inability to meet the skyrocketing demand for mobile internet. The 5G network deployed in partnership with Nokia and CrossBoundary, will increase the country’s overall mobile delivery capacity, and improve the internet speeds and customer experience.&nbsp;



Together, these initiatives are laying a solid foundation for the government’s digital transformation agenda, which focuses on broadband inclusion and connectivity, innovation and job creation, and e-government service delivery. According to Fazaeli, “Business should be about fostering ethical growth, uplifting communities, and making a meaningful difference in the lives of people, profit is always a byproduct of doing things right.&nbsp;



For the full Penresa report on Sierra Leone <a href="https://www.forbesafrica.com/africa-undiscovered/2025/04/10/sierra-leone-unlocking-west-africas-investment-potential/">CLICK HERE</a>


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<figure class="aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="591" height="591" src="https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3.jpg" alt="" class="wp-image-65159" style="width:369px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3.jpg 591w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3-300x300.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3-150x150.jpg 150w" sizes="auto, (max-width: 591px) 100vw, 591px" /></figure></div>

Davaar Fazaeli, Chairman and CEO of RASAB

Bridging Connectivity and Opportunity for Sierra Leone’s Communities 

With its strategic location, abundant natural resources, and proactive economic reforms, Sierra Leone is emerging as one of the region’s most promising investment destinations.&nbsp;&nbsp;



From mining and agriculture to technology, renewable energy, and tourism, Sierra Leone’s diversified economy offers significant opportunities for foreign direct investment (FDI).&nbsp;



A Resource-Rich Economy with Strategic Advantages&nbsp;



The country’s mineral wealth—including diamonds, gold, bauxite, and iron ore—has long anchored its economy, attracting sustained global interest. However, the country’s investment appeal extends well beyond mining. With over 5.4 million hectares of arable land and a favorable climate, Sierra Leone is well-positioned to become a regional leader in agribusiness. Opportunities span from large-scale farming to value-added agro-processing for export crops such as rice, cocoa, and palm oil.&nbsp;



“Sierra Leone’s location within West Africa, combined with its natural deep-water ports and growing industrial infrastructure, makes it an ideal hub for trade and logistics,” explains Gilbert Zhao, CEO of Leone Rock Metal Group.&nbsp;



Innovation and Sustainability Driving the Next Phase of Growth&nbsp;



Sierra Leone’s commitment to sustainable development is a cornerstone of its economic strategy. From expanding renewable energy infrastructure to fostering green investment, the country is aligning its development agenda with global sustainability goals.&nbsp;



At the same time, technological advancement is playing an increasingly important role. Rising smartphone penetration and improved digital connectivity are unlocking opportunities in the technology and innovation sector.&nbsp;&nbsp;



“Sierra Leone’s tech ecosystem continues to expand as connectivity improves, creating opportunities for digital solutions across industries,” notes Sekou Amadou Bah, CEO of Orange.&nbsp;



Tourism: An Emerging Growth Driver&nbsp;



Sierra Leone’s natural beauty, rich cultural heritage, and unspoiled coastlines position the country as a rising tourism destination. Government efforts to develop eco-tourism and heritage tourism are part of a broader diversification strategy aimed at showcasing the country’s assets while driving job creation and foreign exchange earnings.&nbsp;



Strengthening the Investment Climate&nbsp;



Since the launch of the National Investment Board (NIB) in 2022, Sierra Leone has actively worked to enhance its attractiveness to international investors. The government offers investment incentives such as tax exemptions, duty-free imports, and profit repatriation, creating a welcoming and transparent investment environment.&nbsp;



At the same time, financial sector reforms are designed to support larger, longer-term investments. The central bank’s plan to increase bank recapitalization requirements by 318% will enhance financial stability and expand lending capacity, enabling greater funding for infrastructure projects and private sector expansion.&nbsp;



The Diaspora Factor&nbsp;



Sierra Leone’s diaspora community also plays a crucial role in the country’s economy, contributing approximately $400 million annually. These inflows strengthen foreign exchange reserves, support local businesses, and help stimulate economic activity, adding to the country’s resilience and attractiveness for investors.&nbsp;



“Diaspora investments not only contribute capital, but also bring global expertise, networks, and entrepreneurial energy into the local economy,” says Davar Fazaeli, Group Founder and CEO of Rasab Group.&nbsp;



Positioned for Sustainable Growth&nbsp;



With its natural advantages, pro-business reforms, and visionary development agenda, Sierra Leone strategically positions itself as a leading investment destination in West Africa.


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<figure class="aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="591" height="591" src="https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3.jpg" alt="" class="wp-image-65159" style="width:397px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3.jpg 591w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3-300x300.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/SIERRA-LEONE-MPU-NEW_2025-3-150x150.jpg 150w" sizes="auto, (max-width: 591px) 100vw, 591px" /></figure></div>


<a href="https://cms.forbesafrica.com/wp-content/uploads/2025/04/ONLINE-PENRESA_FA-Sierra-Leone-2025-44Pags-v05.pdf">Download full report here</a>



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SIERRA LEONE LANDING_web (2)

Sierra Leone: Unlocking West Africa’s Investment Potential 

Rokel Commercial Bank integrates modern digital solutions, inclusive lending practices, and international banking standards to empower businesses, communities, and economic development. 



“We are more than a bank; we’re a partner in Sierra Leone’s development, creating financial solutions that impact lives and businesses nationwide.” Dr Ekundayo Walton Gilpin, MD/CEO of Rokel Commercial Bank&nbsp;



Dr R. Ekundayo Walton Gilpin, MD/CEO of Rokel Commercial Bank (RCB), has emerged as a game changer in Sierra Leone’s banking industry. Since his appointment in 2017, Gilpin has led substantial achievements at RCB, establishing it as the country’s premier financial institution. His experience, leadership, and vision demonstrate not just a strong dedication to RCB but also to Sierra Leone’s future economic prospects. 



Upon stepping into his role, Dr Gilpin found a bank weighed down by outdated practices and public skepticism. Recognizing the need for immediate change, he embarked on a strategic rebranding initiative. “Rebranding wasn’t just cosmetic; it symbolized a fresh start,” Gilpin says. The updated logo, featuring a refined shade of phantom blue and gold, encapsulated the bank’s&nbsp;



values of modernity and quality. This visual transformation was complemented by an internal overhaul, ensuring that the bank’s services matched its new image.&nbsp;



A key aspect of this transformation was addressing the bank’s paper-centric operations. “When I arrived, everything was on vouchers. I said, ‘No, no, no. We have to be digital.’ The bank must be in customers’ hands, accessible anytime,” Gilpin says. Today, RCB boasts a robust digital platform, enabling seamless transactions and enhancing customer accessibility.&nbsp;



Under Gilpin’s leadership, RCB experienced a dramatic financial turnaround. In 2016, the bank reported a profit of just 1.5 billion leones (US$65.6 million). By the end of 2017, after implementing strategic investments and workforce optimization, profits soared to 65 billion leones (US$2.8 billion) pre-tax. Gilpin attributes this success to a collaborative effort with a strong board and skilled staff. “We moved from survival mode to growth mode by instilling a culture of excellence and strategic planning,” he says.&nbsp;



The bank’s revitalized financial performance aligns with Gilpin’s philosophy of synchronized economic management. He views RCB as a microcosm of Sierra Leone’s economy, requiring well-coordinated systems to thrive. By focusing on strategic lending and digital innovation, the bank has reinforced its position as a key player in Sierra Leone’s financial system.&nbsp;



Digital transformation has been a cornerstone of RCB’s success. The bank now offers mobile banking applications and 24/7 account access, even during processing hours. These advancements have made banking more convenient for customers, particularly&nbsp;



in rural areas. “We have a young, tech-savvy population that needs a bank to identify with,” Gilpin says. By prioritizing digital innovation, RCB has successfully captured this demographic while maintaining its appeal to traditional customers.&nbsp;



Gilpin’s approach also includes adherence to global banking standards, ensuring stability, and facilitating international transactions. “Our corresponding banks in the U.S., U.K., and Turkey guarantee seamless financial interactions between Sierra Leone and the world,” he highlighted. These measures not only enhance customer trust but also bolster Sierra Leone’s appeal to foreign investors. 



Financial inclusion remains a core focus for RCB. The bank has launched initiatives targeting underserved populations, including salary schemes and SME lending programs. “It’s not just about opening accounts; it’s about providing access to finance and ensuring sustainable repayment,” Gilpin says. By reducing default risks and expanding credit access, RCB is empowering small businesses and individuals across Sierra Leone.&nbsp;



RCB’s growth aligns with Sierra Leone’s Vision 2030, a strategy aimed at economic transformation. Gilpin sees the bank as a vital partner in achieving this vision. “We’re aligning with the President’s goals by fostering a stable financial system and simplifying investment&nbsp;



processes,” he says. By creating a banking environment that supports both local and international businesses, RCB contributes to Sierra Leone’s broader economic ambitions.&nbsp;



Looking ahead, RCB intends to grow its branch network, improve corporate lending tactics, and develop environmental and social responsibility programs. Furthermore, the bank intends to pursue prospects in the sub-region, solidifying its position as a regional financial leader. “We’re building today to secure tomorrow’s growth,” Gilpin says.&nbsp;



With a legacy spanning over a century, RCB continues to evolve, blending tradition with innovation. Under Dr Gilpin’s visionary leadership, the bank is not only redefining Sierra Leone’s banking sector but contributing to its economic resilience and global competitiveness.&nbsp;

Dr Ekundayo Walton Gilpin, MD_CEO of Rokel Commercial Bank

Building Financial Resilience in Sierra Leone’s Banking Sector 

Integrating traditional business acumen with innovative strategies to drive industrial and agricultural transformation, Pee Cee Holding Ltd is fostering a self-sufficient and globally competitive Sierra Leone.&nbsp;



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“My vision has always been to focus on producing locally rather than relying on imports.” Mahesh Nandwani, CEO of Pee Cee Holding Ltd&nbsp;
</blockquote>



Established in 1965, Pee Cee &amp; Sons began its operations as a small trading shop in Freetown.&nbsp; Over the following decades, the company rose to become one of West Africa’s most prominent distribution and marketing firms, with a footprint spanning Sierra Leone, Liberia, Guinea, and Senegal. Its diverse portfolio includes internationally renowned brands across multiple categories, as well as a private label brand, Padi, with over 20 products under the umbrella. At the core of this success is Pee Cee Holding Ltd, the parent company that oversees six subsidiaries with operations strategically aligned to enhance local production, bolster regional trade, and fortify supply chain resilience.&nbsp;


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<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="700" src="https://cms.forbesafrica.com/wp-content/uploads/2025/04/Mahnesh-Nandwani-CEO-of-Pee-Cee-Holding-Ltd-1024x700.jpg" alt="" class="wp-image-65087" style="width:462px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2025/04/Mahnesh-Nandwani-CEO-of-Pee-Cee-Holding-Ltd-1024x700.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/Mahnesh-Nandwani-CEO-of-Pee-Cee-Holding-Ltd-300x205.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/Mahnesh-Nandwani-CEO-of-Pee-Cee-Holding-Ltd-768x525.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/Mahnesh-Nandwani-CEO-of-Pee-Cee-Holding-Ltd-1536x1049.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2025/04/Mahnesh-Nandwani-CEO-of-Pee-Cee-Holding-Ltd.jpg 1575w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Mahesh Nandwani, CEO of Pee Cee Holding Ltd</figcaption></figure></div>


Mahesh Nandwani, the company’s CEO, has steered Pee Cee Holding Ltd toward redefining Sierra Leone’s industrial and agricultural landscape. “My vision has always been to focus on producing locally rather than relying on imports. Whatever we can make or grow in Sierra Leone, I believed we should. That’s what led me to gradually expand into industries,” he shares.&nbsp;



His focus on localized production anchors Pee Cee Holdings’ strategy and exposes the&nbsp; precariousness of import-reliant economies while unlocking the vast potential of self-sustained growth.&nbsp;



One of Pee Cee Holdings’ most ambitious undertakings is Pee Cee Agriculture Ltd, a subsidiary poised to redefine the agricultural landscape of Sierra Leone. At the heart of this effort is&nbsp; a 646-hectare farm equipped with mechanized irrigation systems, advanced sorting facilities, and high-capacity storage capable of preserving crops for months. Currently focused on onions—a&nbsp;crop for which Sierra Leone imports 80% of its supply—the farm represents a deliberate pivot toward food security. “By the third or fourth year, we aim to significantly reduce onion imports,” explains Nandwani. In April 2024, President Julius Maada Bio visited Pee Cee Agriculture Ltd at Mathen Village, Lokomasama, expressing his support and admiration for the company’s agricultural advancements. The President ceremoniously opened the onion harvest and reaffirmed his support for Pee Cee’s upcoming ventures in rice farming.&nbsp;&nbsp;


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As the company’s aspirations extend beyond onions, diversification into maize, Irish potatoes, and other high-demand crops is already underway, supported by partnerships with a university to foster local agricultural expertise. Each year, graduates undergo rigorous training programs, with the best candidates offered full-time roles. The firm’s approach reflects a profound understanding of agriculture not as an isolated endeavor but as an interplay of interconnected systems —soil health, mechanization, climate adaptation, and value chain integration. Pee Cee Holdings’ investments in these areas signal a broader recognition that agriculture when treated as a strategic sector, can be a cornerstone of economic transformation.&nbsp;



If Pee Cee Agriculture Ltd lays the groundwork for a self-sufficient Sierra Leone, Jolaks Manufacturing Company Ltd exemplifies how industrialization can turn vision into tangible outcomes. With a refinery processing 9,000 metric tons of crude palm oil monthly, Jolaks has transformed the dynamics of the local market. “This is one of the largest industries in the Mano River Union, processing crude palm oil into vegetable cooking oil. 



The factory opened in 2019 and has been a source of pride for the group and the country, contributing to macroeconomic development, manufacturing, job creation, and value addition,” Nandwani notes. Once reliant on imported vegetable oil, Sierra Leone now not only meets its domestic needs but also exports to neighboring countries, including Senegal and Liberia. The refinery’s outputs, including stearin and Palm Fatty Acid Distillate (PFAD), fuel downstream industries such as soap manufacturing, creating a ripple effect of economic activity. 



“Crude palm oil yields many byproducts, and our&nbsp; latest plan is to diversify further by producing sweet, condensed milk locally in Freetown,” notes Nandwani. Similarly, Milla Group S.L. Ltd, the group’s flagship plastics subsidiary, has transcended its initial purpose of addressing post-war water distribution challenges. Today, it is a dominant force in Sierra Leone’s plastics industry, producing water tanks, PVC pipes, and consumer goods that are integral to the region’s development.&nbsp;



The introduction of Padi seasoning cubes is another feather in Pee Cee Holdings’ umbrella. Once packaged abroad, these products are now manufactured locally, reinforcing the group’s philosophy of backward integration. “Now we’re packaging it here in Cline Town under Padi,” says Nandwani. This shift reduces costs and strengthens Sierra Leone’s manufacturing ecosystem by creating jobs and fostering local expertise.&nbsp;



Pee Cee Holdings’ pipeline of projects reveals a deliberate strategy to deepen its impact. The company plans to expand its agricultural operations to 400–500 hectares, enhance mechanized&nbsp; systems, and establish partnerships with companies in Côte d’Ivoire and Guinea. Additionally, an investment hub in Cline Town is due to be installed in May/June 2025. It is designed to centralize storage, sales, and distribution while reducing logistical costs. The hub, strategically located near the port, positions Pee Cee Holding Ltd to serve both local and regional markets more effectively.&nbsp;&nbsp;



In 2020, the Covid-19 pandemic laid bare the vulnerabilities of Sierra Leone’s reliance on imports, but Pee Cee Holding Ltd turned this disruption into an opportunity for recalibration. The company aligned its investments with the government’s Feed Salone initiative, prioritizing food security and agricultural self-reliance. This pivot showcases the firm’s resilience in navigating global challenges and positioning itself as a key contributor to national priorities.&nbsp;



In taking these measures, Pee Cee Holding Ltd serves as an archetype of what businesses must become to thrive in the complex realities of the 21st century. At its core is a recognition that businesses thrive best in societies that are thriving, and every investment in local capacity building is an investment in the company’s own longevity. As Pee Cee Holding Ltd prepares&nbsp;



to enter new markets and scale existing operations, its trajectory offers a blueprint for what is possible when business acumen meets visionary leadership. “I encourage investors to explore&nbsp; agriculture, which is one of the most lucrative opportunities in Sierra Leone,” notes Nandwani. “Our land and soil are among the best I’ve seen anywhere. Beyond agriculture, there is significant potential across industries, as Sierra Leone has a limited industrial base. The local population is eager for locally manufactured products, making it far more beneficial to produce these items domestically rather than relying on imports and spending foreign exchange.” Through its ventures in agriculture, manufacturing, and retail, Pee Cee Holding Ltd is writing a new narrative for Sierra Leone—one where self-reliance, innovation, and strategic thinking&nbsp; redefine what’s possible.&nbsp;

Pee Cee Agriculture Ltd

Turning Crops and Commerce into a Growth Story 

A nation where African, European, and Asian cultures converge, Seychelles leads in marine protection, champions digitization, and drives bold, eco-focused economic transformation.



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“With unity, the same focus and discipline, the future can only be great and I believe Seychelles can be a true model not just for the region, but for the continent and for the world.” – H.E. Wavel Ramkalawan, President of Seychelles 
</blockquote>



Seychelles, a country in the Indian Ocean, symbolizes cross-cultural cooperation, environmental conservation, and progressive innovation.&nbsp;&nbsp;



A microcosm of resilience and sustainable development, the island country is much more than just a tourist haven with its immaculate beaches, abundant marine species, and rich cultural legacy; it is a model for countries attempting to strike a balance between sustainability and growth as it forges ahead.&nbsp;



The story of Seychelles is written in its people — a vibrant mix of African, European, and Asian origins. This confluence of cultures vividly symbolizes Victoria, the world’s smallest capital city. Wavel Ramkalawan, the President of Seychelles, says, “I believe Seychelles can be a true model not just for the region but for the continent and for the world”.&nbsp;&nbsp;



Seychelles’ blue seas are not just beautiful but essential to the nation’s existence. The country has established itself as a world pioneer in marine conservation, with a Marine Spatial Plan protecting more than 32% of its waters and aggressive goals to preserve its seagrasses and mangroves by 2030. This ecological foresight is a socio-economic need as well as an environmental strategy.&nbsp;&nbsp;



Bernard Georges, Senior Partner of Georges &amp; Co, Attorneys, adds, “Seychelles is a clean, safe, and democratic country with a highly intelligent population. We need to capitalize on these remarkable strengths”.&nbsp;



For a country with limited landmass and resources, it has pioneered a unique governance model that values precision and innovation. One striking example is the government’s digitization initiative.&nbsp;&nbsp;



“Digitization reduces friction, enhances citizen services, and promotes economic efficiency,” says Tom Marten, Managing Director of Emerging Markets at Travizory.&nbsp;&nbsp;



By moving toward a paperless administration, Seychelles ensures inclusivity and fosters global connectivity, creating a model other nations might aspire to replicate.&nbsp;



Historically reliant on tourism and fisheries, Seychelles is laying the groundwork for economic diversification.&nbsp;&nbsp;



Gopi Dubasia, Visionary Entrepreneur and Director at Shreeji Group says, “We must innovate beyond the familiar pillars of tourism and fishing to unlock Seychelles’ true potential”. Dubasia envisions opportunities in sectors such as green technology, education, and sustainable real estate — areas where the country’s small size becomes an advantage, enabling agility and niche innovation.&nbsp;



The nation’s leadership is also focusing on creating an enabling environment for local entrepreneurs and international investors. High-value industries, such as IT and eco-friendly manufacturing, are beginning to take root, supported by a stable democratic system and a forward-thinking government.&nbsp;&nbsp;



As Nazim Mahmood, Managing Director of Absa Seychelles says, “Seychelles is open for business. For the smart investor, there is money to be made here”.&nbsp;



In Seychelles, the future is not a distant horizon but a vibrant reality in the making—a harmonious blend of human potential and natural wonders. Though small in scale, this island nation has a message for the world: progress is possible when you innovate with purpose, care for the environment, and honor your cultural roots.&nbsp;



<a href="https://cms.forbesafrica.com/wp-content/uploads/2025/02/ONLINE-PENRESA_FA-2025-SEYCHELLES-v09-1.pdf">Download full report here</a>



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LEADING SEYCHELLES 207A2317

A Harmonious Model Of Growth, Sustainability and Diversity 

Shelter Afrique Development Bank addresses Africa’s US$1.4 trillion housing gap with tailored financing like green bonds, diaspora financing, and climate-resilient housing, impacting millions.&nbsp;



In October 2023, a defining moment unfolded for Shelter Afrique. The institution, long recognized as a cornerstone in African housing finance, transformed into the Shelter Afrique Development Bank (ShafDB), a transition ratified at the Extraordinary General Meeting in Algiers. Under the visionary leadership of CEO Thierno-Habib Hann, this transformation was more than a rebranding—it was a rebirth, equipping ShafDB with the governance and tools necessary to tackle Africa’s housing deficits head-on. “Our transition represents a paradigm shift, equipping us with the tools and governance necessary to tackle housing deficits across Africa,” Hann reflects.&nbsp;



The past year has marked a period of remarkable transformation for ShafDB. Achieving profitability in 2023 after a challenging financial period was a significant milestone, highlighting the institution’s renewed strength and commitment to economic sustainability. This success was accompanied by recognition from the African Union and UN–Habitat’s inaugural African Urban Forum which designated ShafDB as the anchor resource mobilization partner for housing and urban development, solidifying its pivotal role in shaping Africa’s housing future. Furthermore, ShafDB was honored with the “Pan-African Development Bank Leadership Award – A Pioneer in Housing Finance” at the 40th Annual African Union for Housing Finance Awards Gala, a testament to its 42-year legacy in advancing sustainable housing across the continent.&nbsp;&nbsp;



“Our Pan-African mandate allows us to tackle Africa’s housing deficit head-on, leveraging partnerships and cutting-edge technologies to meet this critical need.” 



As ShafDB looks to the future, it is clear that the journey is only just beginning. The rebranding process, which symbolizes the organization’s broadened vision, will culminate with launching a bold new visual identity in 2025. Hann sees this evolution as a reflection of the bank’s strategic priorities: enhancing housing impact by providing affordable housing finance solutions and technical assistance, ensuring financial sustainability through profitability and robust asset management, and strengthening organizational governance to support its growing mandate. These goals align with Africa’s immense challenges, where over 53 million housing units are needed—requiring an estimated US$1.4 trillion to bridge the gap. With urbanization projected to double the continent’s urban population by 2050, ShafDB is uniquely positioned to address these pressing needs.&nbsp;



ShafDB is leveraging innovation and partnerships to scale its impact to achieve its ambitious vision. Engaging the African diaspora to mobilize remittances for housing projects and embracing digital financing platforms are key strategies that reflect the bank’s forward-thinking approach. “Technology and diaspora contributions are game-changers, enabling us to scale&nbsp;



solutions effectively,” Hann notes. By working closely with governments, communities, and multilateral organizations, the bank ensures its projects align with local socio-economic realities while adhering to international standards.&nbsp;



The commitment to excellence extends to ShafDB’s internal operations, where global experts are brought on board to enhance governance and develop transformative solutions. These efforts have resulted in projects that improve living conditions, create resilient urban environments, and drive economic opportunities. Hann succinctly captures this mission’s essence: “We’re not just financing houses; we’re building futures for Africans.”&nbsp;



As ShafDB moves forward, it is strengthening partnerships with institutions such as the Arab Bank for Economic Development in Africa (BADEA), the African Development Bank Group (AfDB), and Afreximbank to expand its reach and mobilize additional resources. Hann emphasizes the importance of this collaborative approach: “Our journey is one of continuous adaptation and collaboration, ensuring we meet the evolving needs of the continent.”&nbsp;

Thierno-Habib Hann, CEO of Shelter Afrique Development Bank

Redefining Africa’s Urban Future Through Housing and Development 

Kenya is becoming a hub of innovation, sustainability, and opportunity, offering a roadmap for Africa&#8217;s future. Read more from CEOs and thought leaders about the progress the country is making and its investment potential in this Penresa report.



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“Kenya’s vision is to build an economy that supports enterprise, empowers youth, and creates opportunities for all. Together, we are laying the foundation for sustainable and inclusive growth.” – H.E. William Ruto, President of Kenya​&nbsp;



Kenya’s remarkable transformation into one of Africa’s most dynamic economies is a testament to visionary leadership and well-executed policies.



President William Ruto has placed inclusivity, sustainability, and innovation at the center of the nation’s progress, creating a platform for long-term growth that is inspiring, both locally and globally.



Central to this success is Kenya’s renewable energy leadership. Approximately 90% of Kenya’s electricity is generated from clean energy sources, such as geothermal, wind, and solar power, with projects like the Olkaria Geothermal Plant and Lake Turkana Wind Power Project driving sustainability and energy independence.



“Kenya is not just transitioning to renewable energy; we are positioning ourselves as a global leader in sustainability,” says James Opiyo Wandayi, Minister of Energy and Petroleum.



These initiatives support not only environmental goals but also the energy needs of key sectors like agriculture and technology. Agriculture, the backbone of Kenya’s economy, is also evolving. Through climate-smart practices and local value addition, the country is reducing its dependence on raw exports while enhancing job creation.



President Ruto highlighted this transformation, stating, “Our priority is to process more of our agricultural produce locally. This will create jobs, drive economic diversification, and improve our global competitiveness”.



Efforts to empower smallholder farmers and cooperatives are already showing results, particularly in the tea and coffee sectors, where locally processed exports are growing. Andrew Mwihia Karanja, Minister of Agriculture, added, “By supporting cooperatives and expanding access to markets, we are ensuring that farmers benefit more directly from their labor”.



Kenya’s investments in infrastructure and trade are another cornerstone of its development. Positioned within the African Continental Free Trade Area (AfCFTA), Kenya is expanding its logistics and connectivity to support regional and international commerce. The Standard Gauge Railway project, backed by international partnerships, has improved efficiency in moving goods across the region, cementing Kenya’s role as a trade hub.



The country’s emphasis on youth empowerment also stands out. With over 75% of its population under 35, programs in education, entrepreneurship, and digital skills training are preparing the next generation to lead.



“Our young people are driving innovation in sectors ranging from agritech to fintech, and we are committed to providing them with the resources they need to succeed,” says Simon Chelugui, Minister of Cooperatives and MSMEs.



<a href="https://cms.forbesafrica.com/wp-content/uploads/2025/02/PENRESA_FA-Kenya-2025-vONLINE_07.pdf">Download full report here</a>



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Beyond its economic achievements, Kenya’s approach to conservation and sustainable tourism is setting an example for other nations. The Maasai Mara, one of the world’s most renowned ecosystems, is benefiting from community-driven conservation initiatives that balance tourism with biodiversity protection.



“Our commitment to sustainability is reflected in our efforts to preserve our natural heritage while ensuring it contributes to economic growth,” notes Peninah Malonza, Cabinet Secretary for Tourism.



Kenya’s ability to integrate sustainability, innovation, and inclusivity across its policies has created an environment that attracts both local and global investors.



“Kenya is open for business. Our policies are designed to foster enterprise, attract investment, and drive industrialization,” said President Ruto.



These efforts continue to build confidence among international stakeholders, making Kenya a model for sustainable development in Africa.



The nation’s story is far from finished. Its blend of strategic leadership, resourcefulness, and innovation is positioning it as a global player and offering a unique opportunity for those ready to contribute to its remarkable progress.



This is Kenya—a nation that is not just growing but thriving, setting the standard for what Africa can achieve. 
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Kenya,,Nairobi,,Indipendence,Monument,(film,Scan)

Kenya: An Innovative and Sustainable Hub For Africa 

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The Japanese investment firm, AAIC is dedicated to nurturing the growth of innovative healthcare start-ups in Africa, providing strategic support for their multinational expansion.&nbsp;&nbsp;



Since 2017, AAIC Investment has invested in over 50 start-ups in Africa’s healthcare and innovation sectors. One of these start-ups, fintech firm Chipper Cash, grew into a unicorn in 2021 &#8211; a testament to AAIC’s discerning eye for investment opportunities. From a startup offering affordable care to underinsured blue-collar workers to another providing an AI-assisted teleradiology platform, the Japanese investment firm supports diverse companies striving to change the medical industry across the continent. “One of our biggest milestones last year was reaching a cumulative total of US$40 million for our African Innovation Healthcare Fund (AHF2),” says Hiroki Ishida, Managing Director of AAIC Partners Africa (Kenya). The firm raised funds from Japanese institutions, such as the state-owned Development Bank of Japan, which began exploring opportunities in Africa following their focus on the Asian market. “One of our newest investors is Hokkoku, a regional bank in Japan that, with AAIC’s support, has opened its first office in Kenya among Japanese commercial banks. They have already begun providing cross-border loans,” notes Ishida, emphasizing that AAIC actively seeks strategic partnerships with investors from Japan and beyond.&nbsp;



Kenya’s healthcare sector has changed in the past few years. “MYDAWA is one of our oldest portfolio companies. It was an e-commerce firm focused on pharmaceuticals, selling prescription drugs online and delivering them to people’s homes within three hours in Nairobi. Now, they have opened a call center, providing telemedicine services eliminating the need for people to go to hospitals,” says Ishida, while mentioning that MYDAWA has expanded its geographical reach and acquired the Guardian Health Pharmacy in Uganda, one of the largest pharmacies in the country with over 20 branches.&nbsp;



The Managing Director reflects on the evolving landscape of healthcare services in Africa, pointing to consumers’ demand for comprehensive solutions. This has resulted in companies recognizing the need to offer a holistic range of services, from consultation to treatment and aftercare. This shift departs from traditional partnerships, as businesses increasingly integrate diverse offerings under a single umbrella. In alignment with this evolving landscape, the firm’s 2025 plan prioritizes the consolidation of services provided by the start-ups it supports. “We’re exploring opportunities for our companies to consolidate their services and form strategic partnerships within specific areas or regions. This will enhance the patient journey, facilitate increased revenue generation, and attract more investors,” notes Ishida. &nbsp;



Technological advancements and digitalization have paved the way for a paradigm shift in the insurance industry. Traditional insurance companies often grapple with the high costs associated with a human-centric sales model. In contrast, the innovative companies that AAIC supports leverage digital platforms to streamline operations and target middle-and lower-income households, offering more affordable and accessible insurance solutions. “We have strategically invested in BIMA, a company operating in Ghana and Tanzania that provides more affordable medical insurance, priced at an average of two to three dollars per month, along with telemedicine services. This will expand access to healthcare for a wider segment of the population,” Ishida says, mentioning that while some patients may require hospital visits for further diagnosis or consultation, 70-80% of cases can be effectively addressed through telemedicine consultations. &nbsp;



AAIC Investment, with its deep understanding of the African landscape, recognizes the untapped potential for Japanese involvement in the region. “We have a deep understanding of the healthcare sector in Africa. We have offices in Kenya, Nigeria, South Africa, and Egypt. We share our knowledge and experience in the sector with investors and provide them options to partner with our portfolio companies,” says Ishida. Through its fund, the company aims to maximize returns for its investors while introducing innovative Japanese technologies and expertise to the continent. By supporting partnerships between AAIC’s portfolio companies and Japanese businesses and deepening the engagement between the two nations, AAIC is paving the way for a mutually beneficial partnership that will shape the future of healthcare in Africa.&nbsp;&nbsp;

Hiroki Ishida, Managing Director of AAIC Parnters Africa (Kenya)

Building a Strong Healthcare Industry Across Africa 

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Kenya exemplifies how natural resources, innovation, and community-driven efforts can converge to create a sustainable, resilient, and globally impactful future.&nbsp;&nbsp;



Kenya is a prime example of how a country may use its abundant natural and human resources to create a sustainable, innovative, and prosperous future. Kenya has a key role in Africa’s transition because its strategic location as an East African center combines a solid economic base with a dedication to global sustainability goals.&nbsp;



One of the pillars of Kenya’s sustainability initiatives is its leadership in renewable energy. Kenya is at the forefront of geothermal, wind, and solar energy, generating more than 90% of its power from renewable sources. Two notable accomplishments that highlight the country’s aspirations are the Olkaria Geothermal Plant and the Lake Turkana Wind Power Project.&nbsp;&nbsp;



“The issue of greenhouse gases remains critical,&nbsp; and Kenya’s focus on geothermal development is a forward-thinking solution,” says Ezekiel Macharia, Managing Director of Kenbright. “Our efforts to de-risk geothermal energy projects have been instrumental&nbsp; in promoting sustainability and reducing dependency&nbsp; on carbon-intensive energy sources.” These programs are crucial for halting climate change, guaranteeing energy independence, and giving sectors like technology and agriculture a sustainable foundation.&nbsp;



Kenya’s real estate market is changing quickly, adopting sustainable designs and green building techniques. Eco-friendly concepts are being included in urban development, improving resource conservation and energy efficiency. Michael Aldridge, CEO of Kofisi, highlights how shared workspaces contribute to sustainability: “Shared workspaces reduce the need for new construction, extending the economic life of existing buildings. They are inherently sustainable and help businesses embrace greener practices.” This pattern reflects a larger dedication to striking a balance between ecological preservation and development, which has been a defining feature of Kenya’s recent history.&nbsp;



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&#8220;Kenya’s strategic location and its robust trade agreements make it an ideal launchpad for businesses seeking to scale across Africa.” Ezekiel Macharia, Managing Director of Kenbright&nbsp;&nbsp;
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Kenya’s economy still depends heavily on agriculture, which is changing due to sustainability and technology. Climate-smart agriculture and regenerative farming methods are improving production while lessening their negative effects on the environment. Startups in Kenya are using technology to guarantee food security and encourage resource efficiency.&nbsp;&nbsp;



These innovative practices position Kenya as a leader in sustainable agricultural solutions, capable of addressing both local and global challenges in food production. &nbsp;



Kenya’s healthcare landscape is another testament to its adaptability and forward-thinking approach. Hiroki Ishida, Director of AAIC, points to advancements in digital healthcare: “Kenya is making strides with telemedicine and affordable medical insurance. Innovations like these are reshaping access to healthcare, making services more accessible and scalable.” &nbsp;



One of Kenya’s most valuable resources is its biodiversity, which the country has embraced via community-driven conservation efforts. Initiatives like those in the Maasai Mara conservancies show how local people may take the lead in attempting to strike a balance between ecological preservation and economic growth. In addition to protecting wildlife, these programs encourage eco-friendly travel, which boosts Kenya’s economy and serves as an example for other countries. &nbsp;



Kenya’s stability, skilled workforce, and infrastructure make it a prime destination for global investors. As Macharia says, “Kenya’s strategic position within Africa, coupled with trade agreements like the African Continental Free Trade Area, allows businesses here to reach markets across the continent with ease.”&nbsp;



Additionally, Kenya’s robust internet infrastructure and reputation as a transport hub provide a seamless environment for global operations. Ishida says, “Kenya’s healthcare and tech ecosystems are evolving rapidly, offering tremendous opportunities for both innovation and impact.”&nbsp;



Kenya is a center of innovation, sustainability, and advancement more than just a geographic center. The country is a comprehensive example of sustainable development because of its dedication to renewable energy, creative approaches to healthcare and agriculture, and community-led conservation initiatives.&nbsp;



As the world grapples with climate change and resource constraints, Kenya offers a blueprint for a sustainable and inclusive future. “Kenya embodies the essence of resilience and opportunity,” Aldridge says. This spirit, combined with strategic vision, positions Kenya as a leader not just in Africa, but on the global stage.&nbsp;



For investors, innovators, and environmentalists alike, Kenya represents a destination where ambition meets possibility—a beacon for the Africa of tomorrow.&nbsp;&nbsp;

Ezekiel Macharia, Chief Actuary and Managing Director of Kenbright

Shaping Tomorrow Through Visionary Leadership and Global Collaboration 

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<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="576" src="https://cms.forbesafrica.com/wp-content/uploads/2025/02/AMG-New-Logo-High-Res-1024x576.png" alt="" class="wp-image-64538" style="width:362px;height:auto" srcset="https://cms.forbesafrica.com/wp-content/uploads/2025/02/AMG-New-Logo-High-Res-1024x576.png 1024w, https://cms.forbesafrica.com/wp-content/uploads/2025/02/AMG-New-Logo-High-Res-300x169.png 300w, https://cms.forbesafrica.com/wp-content/uploads/2025/02/AMG-New-Logo-High-Res-768x432.png 768w, https://cms.forbesafrica.com/wp-content/uploads/2025/02/AMG-New-Logo-High-Res-1536x864.png 1536w, https://cms.forbesafrica.com/wp-content/uploads/2025/02/AMG-New-Logo-High-Res-2048x1152.png 2048w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></figure></div>


AMG Realtors delivers affordable land ownership solutions, fostering economic growth in Kenya while supporting community development through education initiatives and international investment opportunities. 



AMG Realtors has established itself as a leader in Kenya’s real estate market, contributing significantly to the country’s economic growth and community development. Under Director Andrew Muthee Gitau’s leadership, the company has continued to grow its influence both locally and internationally, with a focus on making real estate accessible to all while giving back to society. According to Gitau, AMG Realtors is committed to providing “a one-stop solution for all real estate needs in Kenya,” assisting individuals in securing their future through affordable land ownership. 



  Real estate is a critical component of Kenya’s economy, and AMG Realtors has played a significant role in its expansion. According to the Kenya National Bureau of Statistics, the real estate business generated 10.3% of the country’s GDP in 2023. “AMG Realtors has been at the forefront of facilitating land ownership, which is critical for wealth creation and job growth in Kenya,” Gitau says. The company is aligned with the country’s initiatives that have resulted in the creation of about 200,000 direct and indirect jobs, greatly increasing the nation’s employment rates. 



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="700" src="https://cms.forbesafrica.com/wp-content/uploads/2025/02/Agnes-Waruguru-Njaaga-Co-Director-of-Amg-Realtors-1024x700.jpg" alt="" class="wp-image-64539" srcset="https://cms.forbesafrica.com/wp-content/uploads/2025/02/Agnes-Waruguru-Njaaga-Co-Director-of-Amg-Realtors-1024x700.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2025/02/Agnes-Waruguru-Njaaga-Co-Director-of-Amg-Realtors-300x205.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2025/02/Agnes-Waruguru-Njaaga-Co-Director-of-Amg-Realtors-768x525.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2025/02/Agnes-Waruguru-Njaaga-Co-Director-of-Amg-Realtors-1536x1049.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2025/02/Agnes-Waruguru-Njaaga-Co-Director-of-Amg-Realtors.jpg 1575w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Agnes Waruguru Njaaga-Co-Director of Amg Realtors</figcaption></figure>



AMG Realtors supports people and companies to invest in real estate by offering cheap land alternatives, hence promoting infrastructure development and strengthening local economies. Gitau underlines that “securing land ownership is a key driver of wealth creation,” citing research that demonstrates that a 10% increase in land ownership leads to a 2% rise in family wealth in Kenya. 



&nbsp;The vision of AMG Realtors extends beyond Kenya’s borders. The company’s recent venture into the American market with its Texas-based project, ‘Kenya One,’ exemplifies its ambition to offer diverse real estate investment opportunities. According to Gitau, this expansion is primarily aimed at “connecting with the Kenyan diaspora” and providing a secure investment platform.&nbsp;



Texas, with its thriving economy, is a good location for real estate investments. “The state’s population is growing by 1.5% annually, and its US$2 trillion GDP makes it the 9th largest economy in the world,” Gitau says. With a 20% real estate appreciation rate between 2021 and 2023, Texas offers tremendous prospects for first-time homeowners, growing families, and retirees.&nbsp;&nbsp;



One of AMG Realtors’ unique characteristics is its dedication to social responsibility, particularly through the AMG Foundation. The effort includes the recent establishment of the Kibera Library in one of Africa’s largest informal settlements, where 800 people have already received educational materials in less than a month. “Our libraries are equipped with books approved by the Ministry of Education, offering free access to knowledge for both children and adults,” Gitau says.&nbsp;



The AMG Foundation’s initiatives extend beyond simply delivering books. Beneficiaries benefit from utilities such as power and internet access, allowing them to continue their studies and research without interruption. Gitau underlines the importance of these programs, saying that “education is the foundation of any thriving community, and by empowering communities through knowledge, we aim to inspire the next generation of leaders.”&nbsp;&nbsp;



Moreover, AMG Realtors actively encourages its clients and partners to contribute to these community-building efforts. In September 2024, a percentage of the revenue from each piece of land acquired went towards the expansion of these libraries. “For every US$1,000 invested, 12 books are added to the shelves, and for every US$5,000, a computer is provided,” Gitau says, demonstrating the company’s novel strategy of combining real estate investments with social good.&nbsp;



Under the Affordable Housing Programme, Kenya’s government aims to develop 250,000 low-cost housing units annually. AMG Realtors is aligned with this vision, offering affordable land in areas designated for housing projects. “We collaborate with developers and the government to make homeownership accessible to a larger portion of the population,” Gitau says.&nbsp;



&nbsp; AMG Realtors has undergone significant corporatization, marked by strategic leadership changes enhancing service delivery and governance. Andrew Muthee Gitau transitioned from CEO to Executive Director as of January 2024. This shift has enabled him to focus on broader strategic goals while a newly inducted five-member board has been established to strengthen corporate governance and steer the company toward sustainable growth.&nbsp;

Penresa

FORBES AFRICA SOCIAL MEDIA