The Parliament of Sierra Leone on Tuesday, 25 November 2025, debated and ratified a landmark Offshore Bulk Handling Concession Agreement designed to strengthen the country’s blue economy and improve maritime revenue generation.
The ratified instrument, the Offshore Bulk Handling Concession Agreement between the Sierra Leone Ports and Harbours Authority (SLPHA), the Government of Sierra Leone (GoSL) and Sierra Bulk Handling Limited (SBH), dated 10 November 2025, grants SBH the mandate to undertake offshore bulk trans-shipment operations under the supervision of the SLPHA.
Deputy Minister Highlights Strategic Importance
Presenting the agreement, the Deputy Minister of Transport and Aviation, Rex Bonapha, said offshore trans-shipment is one of the core mandates of the Sierra Leone Ports and Harbours Authority, but due to the scale of capital investment required, the Authority has not been able to implement it.
He explained that Sierra Bulk Handling Limited, a newly established company owned by Sierra Leonean entrepreneurs, seeks the concession to provide offshore bulk handling services—an area currently dominated by private actors operating without visibility or direct benefit to the state.
According to the Deputy Minister, the concession will enhance government revenue, create jobs, improve offshore security, support environmental protection, and ensure proper data collection in Sierra Leone’s territorial waters. He emphasised that the arrangement comes at zero cost to the government, as the investor will fund the project entirely.
He further revealed that Sierra Bulk Handling will pay USD 250 million to the government within ninety days of the agreement’s ratification, with the same amount to be paid annually thereafter. He outlined additional revenue prospects, especially from mining companies involved in offshore trans-shipment.
MPs Applaud Economic Opportunities
Chief Whip of Parliament, Hon. Dickson Rogers, welcomed the agreement, noting it is the first concession of its kind that places no financial burden on the government while offering substantial economic benefits. He said the initiative aligns with President Julius Maada Bio’s promise to expand job opportunities and stimulate local enterprise.
Leader of the Opposition, Hon. Abdul Kargbo, lauded the agreement, expressing satisfaction that Sierra Leoneans are at the forefront of the investment. He highlighted the benefits relating to environmental protection, safety, and improved transparency in import and export systems. Addressing concerns about governance and oversight, he stated that the positive aspects of the agreement “far outweigh the negativity.”
Clarifications and Assurances
Leader of Government Business, Hon. Mathew Sahr Nyuma, clarified key aspects of the concession, including projected revenue streams, involvement of the private sector, and the waiver of consumables. He also discussed the incorporation of stabilisation clauses, measures to address unforeseen circumstances, and the overall benefits for maritime security, anti-smuggling efforts, and environmental protection.
Responding to concerns raised during the debate, Deputy Minister Bonapha assured MPs that all issues would be addressed appropriately to ensure smooth implementation, effective oversight, and maximum national benefit.
