Freetown, Sierra Leone – July 24, 2025 – The Government of Sierra Leone has officially welcomed the United States Government’s approval of a $480 million Millennium Challenge Corporation (MCC) Compact, aimed at modernizing the country’s energy sector.
The approval, which follows a thorough U.S. review of foreign assistance programs, reinforces Sierra Leone’s standing as a trusted development partner.
“This is a landmark moment for our country,” said President Julius Maada Bio. “The MCC Compact will transform our energy sector, strengthen key institutions, and improve lives. It reflects the confidence of the United States in our government’s ability to deliver on critical reforms.”
The Compact, originally signed in September 2024, will focus on expanding Sierra Leone’s national power grid, improving electricity distribution, and enhancing governance in the energy sector.
In addition to the $480 million provided by the U.S., the Government of Sierra Leone is committing $14.2 million in counterpart funding.
Minister of Energy Kanja Sesay described the Compact as “a game-changer,” noting that “reliable electricity is one of the greatest barriers to investment in Sierra Leone. This program addresses that challenge head-on.”
Sierra Leone is one of just 12 countries globally—and only five in Africa—selected to move forward with an MCC Compact from a pool of 25 eligible nations. According to U.S. officials, the decision was based on Sierra Leone’s strong policy performance and commitment to economic reform.
“This Compact reflects a shared vision for economic growth and prosperity,” said U.S. Ambassador to Sierra Leone, Bryan David Hunt. “We look forward to working closely with the Government of Sierra Leone to implement this transformative program.”
The MCC Compact is expected to unlock new opportunities for private sector growth, particularly for U.S. and international investors. It is also anticipated to generate jobs, boost trade, and support Sierra Leone’s broader development goals.
“This partnership speaks volumes about our country’s credibility on the global stage,” said Minister of Finance Sheku Fantamadi Bangura. “It’s not just about energy—it’s about laying the foundation for a more competitive and investor-friendly economy.”
The Government of Sierra Leone says it is now preparing to enter the implementation phase of the Compact, with construction and institutional reforms expected to begin in the coming months.
“This is a major vote of confidence in our leadership and the path we have chosen,” President Bio added. “We remain committed to deepening our commercial ties with the United States and ensuring that this Compact delivers real, measurable benefits to our people.”
