By Joseph Momoh, D.S. Correspondent
On February 10, 2026, the Parliament of Sierra Leone ratified a significant trade agreement with JOLAKS Manufacturing Company Limited, a move projected to stimulate business opportunities and foster economic growth in the country.
Minister of Trade, Alpha Ibrahim Sesay, presented the agreement, describing it as a pivotal step for Sierra Leone’s economic future. Established in 2012, JOLAKS, which has primarily focused on local vegetable oil production, will expand its operations under this agreement, receiving an estimated $45 million investment.
The Minister highlighted that JOLAKS has already created over 700 jobs and fulfills all regulatory requirements necessary to operate in Sierra Leone. “This project presents a tremendous opportunity for job creation and economic development,” Minister Sesay asserted. “The agreement signals a major investment in Sierra Leone’s future, with more employment expected across the nation.”
Member of Parliament Hon. Veronica Kadie Sesay emphasized the importance of the agreement in increasing job opportunities, noting that JOLAKS currently operates at a capacity of 3,000 metric tons per day. She called for robust parliamentary oversight and highlighted the legal requirement for companies to maintain 30% female representation in their workforce. Additionally, she encouraged JOLAKS to engage in corporate social responsibility initiatives that benefit local communities.
Deputy Leader of Government Business II, Hon. Saa Emerson Lamina, expressed his support for the agreement, referencing the 1991 Constitution that mandates parliamentary ratification of such deals. He pointed out that the corporate social responsibility clause is crucial for ensuring that businesses contribute positively to societal development. Lamina commended President Julius Maada Bio’s administration for fostering an enabling environment for business growth.
Hon. Unpha Koroma, representing the Western Area, raised concerns about JOLAKS’ engagement with local communities, urging the company to improve collaboration with residents and Members of Parliament to enhance service delivery. He also stressed the importance of staff training and welfare.
From the opposition bench, Hon. Abdul Kargbo voiced his support, recognizing the agreement’s potential to alleviate youth unemployment. However, he emphasized the necessity for strict compliance with the agreement’s terms.
Majority Leader Hon. Mathew Sahr Nyuma concluded the discussion by reiterating the significance of the agreement in creating meaningful job opportunities for the youth of Sierra Leone. He noted that $30 million would be invested over several years and called for effective implementation of the agreement’s provisions, urging the Minister of Trade to safeguard the interests of emerging industries in the country.
Addressing concerns from Members of Parliament, Minister Sesay assured that the government is committed to tackling issues related to environmental standards and labor practices.
In addition to the JOLAKS agreement, Parliament approved supplementary acts aimed at liberalizing air transport and enhancing market access within the Economic Community of West African States (ECOWAS). These agreements seek to harmonize aviation policies, covering aspects such as air carrier liability, tariffs, and passenger compensation.
The ratification of the JOLAKS agreement, alongside the new aviation policies, signifies a major advancement in expanding Sierra Leone’s business landscape and solidifying its position in the regional economy, paving the way for increased investment, job creation, and economic diversification.
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