Economy
Freetown is the economic and financial center of Sierra Leone. The country's state television and radio station, the Sierra Leone Broadcasting Corporation, is primarily based in Freetown, although they also have regional headquarters in the country's other primary cities of Bo, Kailahun, Kenema, Koidu Town, Magburaka and Makeni. The other national broadcasters such as Capital Radio are also based in Freetown. Freetown is home to one of the country's two main Universities, the Fourah Bay College, the oldest university in West Africa, founded in 1827. Many of the country's largest corporations locate their headquarters' home offices in Freetown as well as the majority of international companies.
The city's economy revolves largely around its fine natural harbor, which is the largest natural harbor on the continent of Africa. Queen Elizabeth II Quay is capable of receiving oceangoing vessels and handles Sierra Leone's main exports. Industries include food and beverage processing, fish packing, rice milling, petroleum refining, diamond cutting, and the manufacture of cigarettes, paint, shoes, and beer. the Fula and Sierra Leonean-Lebanese play a major role in local trade in the city. The city is served by the Lungi International Airport, located in the city of Lungi, across the river estuary from Freetown.
Read more about this topic: Freetown
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)