SIERRA LEONE: MINING LICENSE CANCELLATIONS TARNISH BROADER INVESTMENT CLIMATE

SIERRA LEONE: MINING LICENSE CANCELLATIONS TARNISH BROADER INVESTMENT CLIMATE

   Thu, 10 October 2019

The government seeks more revenue from the mining sector to provide a quick fix to a distressed economy caused by shrinking development assistance and depreciation of the local currency due to dwindling foreign reserves. Investors face heightened risk of arbitrary changes to the tax regime, contract renegotiation, and demands for repatriation of earnings.



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