Section 1: In this Act, unless the context otherwise requires-

"Board" means the National Investment Board established under section 3, "domestic investment" means an investment carried out by- (a) a natural person who is a citizen of Sierra Leone; (b) a company incorporated under the laws of Sierra Leone in which the majority of the shares are held by citizens of Sierra Leone; (c) a partnership in which the controlling interest is owned by a person who is a citizen of Sierra Leone ; "Compulsory Acquisition" means the power of the Government to acquire private rights and interests in property without the consent of its owners, as provided for in Section 21 of the 1991 Consitution of Sierra Leone. "Confidential Information" means any information or material that has or could have commercial value, is proprietary, is a trade secrect, is not in the public domain or is not authorized to be disclosed. "Adequate Compensation" means the professionally assessed and certified market value of an interest, right, property and undertaking. "Incentives" means payments or concession to stimulate greater output or investment, including fiscal and tax incentive, financial incentive and subsidies, subsidized infrastructure or mechanism or system. "Executive Director" means the person appointed as Executive - Director under section 13; "foreign investments" means an investment carried out by- (a) a natural person who is not a citizen of Sierra Leone; (b) a company incorporated under the laws of any country other than Sierra Leone; (c) a company incorporated under the laws of Sierra Leone in which the majority of the shareholders are not citizens of Sierra Leone; (d) a partnership in which the controlling interest is owned by a person who is not a citizen of Sierra Leone ; "Investment" means the creation or acquisition of business, assets, and services with a view to generate higher value and profit and includes the expansion, restructuring or rehabilitation of an existing business enterprise; "Investor" means an individual or legal entity engaged in the business of value adding, manufacturing and other business activities; Minister" means the Minster responsiblie for Finance "Member" means a member of the National Investment Board referred to under section 5 "one stop shop" means an office, entity or digital platform where multiple services are offered; "Qualified Sierra Leonean" means: (a) a natural person who is a citizen of Sierra Leone; (b) Or a company incorporated under the laws of Sierra Leone in which the majority of the shares are held by citizens of Sierra Leone; (c) A partnership in which the controlling interest is owned by a person who is a citizen of Sierra Leone that is trained , certifed licensed, recognized and experience to perform a particular function/s required by "scarce resources" means non-renewable resources or resources renewable over a long period of time and whose utilisation is restricted or controlled and includes investments in mining, petroleum exploration and production , fishing, forestry and tourism