AG Takes Proposed Business Law Reforms to World Bank Forum
Sierra Leone has presented its proposed Companies and Allied Matters Bill at the World Bank Group’s Law, Justice and Development Forum in Washington, D.C., as part of efforts to modernise the country’s business and investment laws.
The forum, held from November 2–3, 2026, brought together Attorneys-General and Ministers of Justice from different countries to examine how effective legal systems and regulatory frameworks can promote private sector investment, strengthen business activities and support sustainable economic development.
Attorney-General and Minister of Justice, Alpha Sesay, highlighted the proposed legislation, which seeks to simplify business registration, improve the regulatory environment and encourage investment.
During the discussions, participants examined reforms in financial sector legislation, contract enforcement and business regulations, as well as the role of environmental and social safeguards in promoting responsible investment. The application of emerging technologies, particularly artificial intelligence, in strengthening legal and institutional systems also featured prominently.
The proposed Companies and Allied Matters Bill seeks to consolidate existing company and business registration laws into a single legal framework. It also provides for an online business registration system designed to simplify procedures, improve administrative efficiency and make it easier for entrepreneurs to formalise their businesses.
If enacted, the legislation will repeal and replace the Companies Act of 2009, as amended in 2014, the Registration of Business Act of 2007 and the General Law (Business Start-Up) (Amendment) Act of 2007.
The proposed reforms are intended to address gaps in the existing regulatory framework and establish a more efficient system for business registration and administration.
Sierra Leone’s participation in the forum also provided an opportunity to exchange experiences with other countries, learn from international best practices and strengthen cooperation with development partners on legal and institutional reforms.
The engagement comes as the country pursues broader reforms aimed at improving the business climate, strengthening public institutions and creating a more predictable environment for investors.
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