Sierra Leone: President Bio Commissions Joint-Venture Shipping Company

FREETOWN, Oct 21 –President Julius Maada Bio has commissioned the Sierra Leone Ocean Shipping Company Limited (SLOSCO), a joint venture that is 70 percent owned by China’s Zhejiang Xiehai Group and 30 percent by the Sierra Leone Government through the National Shipping Agency. The firm was launched at Quay Elizabeth II in Freetown on 19 October. President Bio said the venture is intended to help the country capture a greater share of benefits from international trade, expand maritime capacity, create jobs (especially for young people and women) and support technology transfer and skills development.

Special recognition to the handles @awokonewspaper and @ecofinagency for posts detailing the commissioning.