Saudi’s Prince Alwaleed donates $1m to Sierra Leone

Funds will be used for maternal and child health and youth employment projects

The president of Sierra Leone has confirmed receipt of a $1m donation from Saudi Arabia’s Prince Alwaleed bin Talal, to be used to fund improved maternal and child health and youth employment in the west African country.

The donation was made through the prince’s Alwaleed Foundation and was originally confirmed in June this year.

Dr Sylvia Blyden, the special executive assistant to the president of Sierra Leone, Ernest Bai Koroma, was tasked with managing the conditions under which the money was donated and said the money will be utilised in specific sector projects that are “tangible and with a visible and quickly felt impact,” the Awareness Times news agency reported.

The prince made the donation after a one-day visit to the country this summer.

Sierra Leone is slowly being reestablished after the civil war that rampaged through the country from 1991 to 2002 and resulted in tens of thousands of deaths and the displacement of more than two million people.

It is an extremely poor nation but a number of offshore oil discoveries were announced in 2009 and 2010 and this helped growth skyrocket to more than 20 percent in 2012.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Accounting meets religion in challenge for Islamic banks

Accounting meets religion in challenge for Islamic banks

Reconciling accounting standards and religious principles is...

Banking on reforms in Kuwait

Banking on reforms in Kuwait

As Kuwait stares down its first deficit in 20 years, the Gulf...

Saudis face dilemma between size and pricing in debut bond sale

Saudis face dilemma between size and pricing in debut bond sale

Riyadh is under pressure to maximise the size of its international...

Most Discussed
sponsoredTracking