Business For Sale Sierra Leone | Business For Sale Listings
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Get to Know About Sierra Leone
Sierra Leone is a country in West Africa. It shares borders with Liberia and Guinea and has the Atlantic Ocean to its west. Mostly known for its geographical variances, Sierra Leone covers an area of 71,740 square kilometers and is home to approximately 7.5 million people.
Sierra Leone has a GDP (PPP) of about $12.117 billion and a Per Capita Income of $1,608. It is one of the lowest developed countries in the world and is still recovering from the effects of civil wars since 2002. There aren’t a lot of natural resources (but there are a lot of minerals). Additionally, many criticize the government for not being able to make full use of what’s available. Poverty, corruption, and unemployment rates are also very high in Sierra Leone.
However, there aren’t only bad points to take for those looking forward to doing business in Sierra Leone. The lack of implementation of what’s available is the primary reason Sierra Leone isn’t developed as it should be. Diamond mining has always been a major driver of the economy, and the country still produces a lot of food crops, even with the lack of modern agricultural methods. Only 12% of people in Sierra Leone had access to electricity in 2012 with, of course, isn’t a good thing to hear. Anyway, things like this show there’s room to grow.
All in all, we can say Sierra Leone isn’t a preferred business destination for many. Still, it has opportunities. Nevertheless, for that, you will need to be willing to take a lot of risks.