SLPHA to Transfer $8 Million Dividend to Government Amid Strong Revenue Growth
The Sierra Leone Ports and Harbours Authority is set to deliver a significant boost to government revenue, as it prepares to transfer an $8 million dividend for 2025 through Freetown Terminal Limited.
The payment marks a continued upward trajectory in dividend contributions, rising from $4 million in 2023 to $7 million in 2024, and now reaching $8 million in 2025. The steady growth reflects improved operational efficiency and financial performance, driven by ongoing reforms and modernization initiatives within the port sector.
Under the leadership of Yankuba Bio, the SLPHA has strengthened its role as a key contributor to national development. Revenues generated from port operations continue to support critical sectors, including infrastructure development, maritime security, and the delivery of essential public services.
Meanwhile, efforts to upgrade port infrastructure are gaining momentum. A major $25 million rehabilitation project covering berths 3, 4, 5, and 6 at the Freetown Port is currently underway. The project is being financed by Freetown Terminal Limited as part of its concession agreement, underscoring its commitment to enhancing operational capacity and efficiency.
The ongoing investments and rising dividend contributions signal renewed confidence in the port sector’s ability to drive economic growth and strengthen Sierra Leone’s fiscal position.
