Tuesday, April 17, 2007

S.Leone to establish first stock exchange

Freetown - Deputy Finance Minister, Joe Kallon, told lawmakers that the introduction of a stock exchange in the war-scarred west African country is part of the government's efforts to revamp the shattered economy.

"We are sure the exchange will improve the economic status of the country," he said.

The stock market is expected to be operational by year end, according to the country's central bank.

A 10-year civil war which ended in 2001 cost thousands of lives and reduced Sierra Leone's economy to the extent that it became the world's second most poverty-stricken country. Sapa-AFP

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