“The lack of jobs tends to be citizens’ primary concern, particularly in urban areas, but poor public service and high prices for basic goods are also pressing issues.”
In 2012, Sierra Leone was sub-Saharan Africa’s fastest-growing economy as Chinese and U.K.-based investors began developing its iron-ore reserves. But the double shock of a commodity price slump and the worst-ever Ebola epidemic the following year triggered the collapse of the two iron-ore miners in the country and left the economy in ruins.
From memory, Sierra Rutile is the largest enterprise in this very poor country (GDP pp ~$500) population 7.5m. So ILU, engage, keep your nose clean, invest as you are doing and foster the goodwill of the people.
Ash
ps ILU new high today.
ILU Price at posting:
$10.94 Sentiment: Buy Disclosure: Held
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