Sierra Leone National Investment Board Act, 2022
In forceSierra Leone National Investment Board Act, 2022 (Act No. 11 of 2022)
Effective 2022-07-14 · Applies to both
The National Investment Board Act, 2022 establishes a National Investment Board, chaired by the President, as the highest policy-making body on investment in Sierra Leone, with a Secretariat headed by an Executive Director to promote, facilitate, and register domestic and foreign investment.
Section 30 empowers the Board to offer incentives, in addition to existing laws, to promote identified strategic or major investment, and section 32 directs the Secretariat, in consultation with the Board, to issue guidelines and specify priority areas for investment; those guidelines are not part of the Act itself.
Section 52 repeals the Investment Promotion Act 2004 and the Sierra Leone Investment and Export Promotion Agency Act 2007, the two Acts that previously governed investment promotion and incentives, while preserving the property, assets, rights, and interests of the bodies the repealed Acts created.
Source: Full text of law