Sierra Leone Local Content Agency Act, 2016
An Act establishing the Sierra Leone Local Content Agency to promote the participation of Sierra Leoneans and local businesses in the economy.
Summary
The Sierra Leone Local Content Agency Act, 2016 establishes the Local Content Agency to promote and enforce 'local content' — the use of Sierra Leonean labour, goods, services and businesses — across sectors of the economy, especially in major projects and the extractive industries.
The Act provides for the Agency's establishment, governance and functions, including developing and implementing local-content policy, requiring and monitoring local participation by companies operating in Sierra Leone, building the capacity of local suppliers and workers, and reporting on local-content performance. It aims to maximise the benefits of economic activity for Sierra Leoneans. It gives effect to the local-content policy framework.
Main provisions
- Establishes the Sierra Leone Local Content Agency.
- Provides for its governance and functions.
- Requires and monitors the use of local labour, goods and services.
- Builds the capacity of local suppliers and workers.
- Reports on and enforces local-content performance.
- Maximises economic benefits for Sierra Leoneans.