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Section 7, The National Investment Board Act, 2022

Status not yet checkedThe National Investment Board Act, 2022, Sierra Leone

(1) The Board shall be the highest policy making bodyon investment in Sierra Leone. (2) Notwithstanding the generality of subsection (1)the Board shall be responsible for the following- (a) determine the strategic vision and the plan of action on investment and follow up on their implementation; (b) determine the strategic investment policy direction of the country (c) serve as a clearing house for all investment proposals and approvals (d) approve the internal rules and regulations of the National Investment Board; (e) approve the annual budget proposal before it is transmitted to relevant authorities. (f) evaluate the performance of the Secretariat in accordance with the plan of action and the budget; (g) approve the activity and financial reports of the previous year; (h) approve guidelines and priority areas of investment; (i) promote , facilitate and streamline conclusion and implementation of public private partnership agreements; (j) approve, modify or reject public private partnership proposals, public private partnership agreements and requests for negotiations; (k) encourage and promote the development of agricultural production and other activities oriented towards exports; (l) promote both locally and internationally opportunities for investment in Sierra Leone; (m) approve trade missions; (n) appoint and dismiss senior level personnel of the Secretariat; and (o) do such things as may be lawfully done to achieve its objectives and perform its functions under this Act. (p) Make and implement policies to reserve sections and areas of investment for Sierra Leoneans to promote local content and create opportunity for citizens of Sierra Leone.

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