Law library · Sierra Leone · The National Investment Board Act, 2022
Section 12, The National Investment Board Act, 2022
Status not yet checkedThe National Investment Board Act, 2022, Sierra Leone
(1) The Board shall have a Secretariat consisting of an Executive Director, Deputy Executive - Director and other officers as
may be required for the efficient performance of its functions under
this Act.
(2) The Secretariat shall be responsible for the following-
(a) promote, encourage, attract, facilitate,
monitor, and evaluate all forms of Investments
and business activities in Sierra Leone;
(b) recommend to the Board, for approval after
thorough evaluation of projects that are
appropriate for Investment;
(c) strategies to attract foreign and domestic
investments;
(d) initiate and support measures that will
enhance the investment climate in Sierra
Leone for both domestic and foreign
investment;
8 9
Committees
Of Board
Disclosure of
interest.
Liability of
Members
Secretariat.
(e) initiate , organise and participate in
promotional activities such as exhibitions,
conferences and seminars for the stimulation
of investments;
(f) collect, collate , analyse and disseminate
investment opportunities and sources of
investment capital, incentives available to
Investors and the investment climate ;
(g) advise upon request the availability , choice
or suitability of partners in joint business
ventures or projects ;
(h) registering , monitoring and keeping records
of all investment projects in Sierra Leone;
(i) register and keep records of all technology
transfer agreements;
(j) identify specific projects and prepare project
profiles on investments and joint venture
opportunities and attract interested investors
for participation in the project;
(k) invite proposals from investors on a
competitive basis for projects approved by
(l) negotiate and or enter into agreement with
investors based on conditions approved by
(m) sign all Memoranda of Understanding for
investment;
(n) monitor the implementation of projects and
solve problems;
(o) serve as a one stop shop for all investment
related matters;
(p) initiate , organise and lead all public -private
dialogue relating to investment
(q) perform any other functions necessary for
the attainment of the objects of the Board.
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