By Hassan Solokoh Bockarie
The Sierra Leone Ports and Harbours Authority (SLPHA), through its concessionaire Freetown Terminal Limited (FTL), is set to transfer $8 million to the Government of Sierra Leone as dividend for the 2025 financial year, signaling continued growth in port-generated revenue.
The latest remittance reflects a steady upward trend in dividend payments over recent years, rising from $4 million in 2023 to $7 million in 2024, and now reaching $8 million in 2025. The increase underscores improved financial performance attributed to ongoing reforms and modernization efforts at the country’s main seaport.
Officials say the enhanced revenue stream demonstrates the positive impact of public-private partnership arrangements and operational efficiency measures implemented at the Freetown Port.
SLPHA remains a critical institution in Sierra Leone’s economic landscape, with its contributions supporting key areas of national development. Government sources indicate that funds generated from port operations are channeled into infrastructure development, maritime security, and essential public services.
Meanwhile, significant infrastructure upgrades are underway at the Freetown Port, where a $25 million rehabilitation project covering berths 3, 4, 5, and 6 is currently in progress. The project is being financed by Freetown Terminal Limited under the terms of its concession agreement with the government.
The rehabilitation is expected to enhance port capacity, improve vessel turnaround time, and strengthen Sierra Leone’s competitiveness in regional and international maritime trade.
As reforms continue and investments deepen, stakeholders remain optimistic that the port sector will sustain its growth trajectory and deliver even greater economic returns in the coming years.
