SLPHA Transfers $8 Million Dividend to Government Amid Revenue Growth

The Sierra Leone Ports and Harbours Authority (SLPHA) has transferred an $8 million dividend to the Government of Sierra Leone this year, reflecting increased revenue performance and ongoing reforms at the country’s main seaport, according to the Authority’s Director of Finance, Andrew Tamba Kpulun.

Speaking on AYV, Mr. Kpulun said several core port operations have been concessioned to private sector operators since 2015 as part of efforts to improve efficiency and boost revenue generation.

He explained that two major companies were engaged in the process: Freetown Terminal Limited (FTL), now operating as Africa Global Logistics (AGL), a French company managing container operations, and Nata Brick Bulk, a British firm responsible for bulk cargo handling under concession arrangements.

According to him, the involvement of private operators has improved operational efficiency and contributed to sustained revenue growth at the port.

Kpulun clarified that the National Revenue Authority (NRA), through its Customs Division, remains solely responsible for collecting government revenue from imports and exports.

“Statutorily, the National Revenue Authority, through Customs, has the sole responsibility to collect revenue,” he stated.

He further explained that SLPHA generates income through marine services, including pilotage, berth services, storage fees, licensing, and concession payments from private operators.

Mr. Kpulun noted that the Authority now largely operates as a landlord institution, with many operational functions handled by private partners.

“We are basically a landlord authority now because many of our operational functions have been concessioned to the private sector,” he said.

He added that reforms implemented by the Authority have significantly improved performance, including the ability to accommodate larger vessels at the Port of Freetown.

Joplin disclosed that the dividend paid to government has increased from $4 million two years ago to $8 million this year, attributing the growth to improved efficiency and ongoing reforms.

He concluded that the Authority remains committed to supporting trade facilitation, attracting investment, and contributing to national development priorities.