Leone Asset Management

Leone Asset Management Holding Company with operating subsidiaries in health and wellness and agriculture management. Headquartered in St.

Petersburg, Florida, Leone Asset Management, Inc., is a multi-national, U.S. conglomerate with subsidiary companies that operate in Health and Wellness and Agriculture Management. For additional information, visit: www.leoneasset.com

World's most powerful narrow-gauge AC drive diesel locomotives deployed in Sierra LeoneSierra Leone has introduced the w...
08/30/2024

World's most powerful narrow-gauge AC drive diesel locomotives deployed in Sierra Leone

Sierra Leone has introduced the world's most powerful narrow-gauge AC drive diesel locomotives, which commenced operations on May 10 in the Tonkolili region. The event was attended by President Biao, who witnessed the launch of these locomotives.

Manufactured by CRRC Ziyang, a subsidiary of CRRC Corporation Limited, these locomotives represent a leap in technology and design for narrow-gauge railways in Africa. They are the first of their kind to feature a middle corridor arrangement and independent ventilation technology, which optimizes the internal space layout and improves operational and maintenance processes.

Equipped with advanced AC transmission technology and a 3,680-kW medium-speed diesel engine, these locomotives can handle heavy-duty traction of up to 10,000 tons in double traction. The integration of multi-system technology aims to increase the safety and reliability of the locomotives, contributing to smoother and more efficient railway operations.
The project, from contract signing to the final delivery of the locomotives, was completed in under three months by CRRC Ziyang - a new record for the rapid development of diesel locomotives.

The deployment of these locomotives is expected to significantly improve the efficiency of ore transportation from the Tonkolili mine, which has estimated reserves of 12.8 billion tonnes of ore grading 64% iron metal. This development is seen as a critical step in improving the operational capacity of Sierra Leone's railway network.

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BADEA invests $65 million to improve Sierra Leone’s educational infrastructurePresident Julius Maada Bio has commissione...
08/26/2024

BADEA invests $65 million to improve Sierra Leone’s educational infrastructure

President Julius Maada Bio has commissioned work to expand access to education in the south of Sierra Leone, with the construction of 34 new school building blocks at the Kenema Government Secondary School, marking a significant step in Sierra Leone’s ongoing education reform.

The project is funded as part of an initiative by the Arab Bank for Economic Development in Africa (BADEA) and other agencies, with a total investment of $65 million aimed at enhancing the country’s educational infrastructure.

At the groundbreaking ceremony, President Bio expressed deep gratitude to BADEA and its funding partners, highlighting the importance of their trust and confidence in his administration.

“This $65 million project for the construction, rehabilitation, refurbishment, and equipment of schools and technical colleges is a testament to our commitment to education and the international community’s belief in our vision,” he stated.

The President spoke about the scope of the project, which includes the construction of new buildings and the rehabilitation of existing structures across four government secondary schools and two technical colleges in Sierra Leone.

He emphasized the challenges faced in securing the funding but noted that his administration’s track record in fighting corruption, promoting human capital development, and empowering women and girls were key factors in gaining the necessary approvals.

“I convinced the funders because of our commitment to transparency, our dedication to rebranding Sierra Leone’s image, and our focus on building a strong educational foundation for future generations,” President Bio added. He also took the opportunity to encourage parents to actively support their children’s education, stressing that a solid educational foundation is essential for lifelong success.

Deputy Minister of Finance, Mrs. Kadiatu Alie, described the initiative as a significant capital investment, with the government contributing an additional $3 million to bring the total project funding to $68 million. She underscored the importance of the project for both current and future students, calling it a “timely and valuable contribution to the nation’s development.”

Kenema Government Secondary School Principal, Mustapha J. Mansaray, expressed his gratitude for the inclusion of his school in the project, calling it a “dream come true.” He emphasized that the improved facilities would greatly enhance the learning environment, allowing the school to accommodate more students and better support the Free Quality Education program.

LeoneStone.com

Sierra Leone to Enhance Climate-Resilient Transport and Access to MarketThe World Bank Board today approved a $74 millio...
07/29/2024

Sierra Leone to Enhance Climate-Resilient Transport and Access to Market

The World Bank Board today approved a $74 million International Development Association (IDA) grant to enhance climate-resilient transport connectivity and agricultural market access in Sierra Leone. The Sierra Leone Connectivity and Agricultural Market Infrastructure Project (CAMIP) will support all-season connectivity and access to jobs, markets, and services, particularly in rural areas where the lack of infrastructure has been a major barrier to economic development.

"The construction of climate-resilient transport and agricultural market infrastructure is a critical step towards ensuring food security and increasing local incomes, which is in line with our government’s key priorities in the ‘Big 5 Game Changers’, especially the ‘FEED SALONE’ Agenda," said Alhaji Fanday Turay, Minister of Transport and Aviation for Sierra Leone. "Our collaboration with the World Bank on this project is a testament to our commitment to safeguarding our economy and our people from climate risks. By enhancing our transport network and market infrastructure, we are laying the groundwork for sustainable economic growth and social development."

The transport sector in Sierra Leone remains underdeveloped, with approximately 40% of primary roads paved, and the majority of secondary and feeder roads unpaved. The urban areas, especially Freetown, experience increasing challenges in congestion and face a huge demand of efficient public transport system. Rural areas, often surrounded by rivers, are particularly affected with only one-third of the population having access to an all-season road network. The absence of bridges and reliance on manual cable ferries and canoes, which are often inoperable during the rainy season, exacerbate the isolation of these communities.

"Sierra Leone's transport and agricultural sectors are critical components of the country's economic and social development. This project will help to address the urgent need for resilient infrastructure that can withstand the challenges posed by climate change on connectivity and accessibility as well as unlock the country's agricultural potential," said Abdu Muwonge, World Bank Country Manager for Sierra Leone. “The partnership between ministries in the project symbolizes how integrated multisectoral approaches can yield extensive benefits for all citizens. The World Bank is committed to supporting the government in transforming this sector to meet the needs of Sierra Leoneans and to foster economic growth."

Agriculture, accounting for 59% of GDP and 43% of employment, is a vital sector for Sierra Leone's inclusive economic growth. However, productivity is hampered by poor connectivity and infrastructure challenges, which are further exacerbated by climate change. The project's agricultural market infrastructure interventions are expected to stimulate the local economy, reduce post-harvest losses, and create more jobs.

“Investing in climate-resilient transport and agricultural infrastructure and market interventions is essential for stimulating the local economy and improving food security,” said Hongye Fan, World Bank Transport Specialist and Task Team Leader. "By expanding high-capacity public transport services, we are not only addressing traffic congestion but also paving the way for a greener and safer transport system. Our joint efforts with the agricultural sector ensure that investments in market facilities, rural bridges and roads will empower farmers, particularly women, by providing them with the infrastructure needed to thrive.”
Over 3 million people in urban and rural areas, as well as institutional stakeholders, are expected to benefit directly from the project. In Freetown, over one million urban residents will benefit from improved transport infrastructure and services, while approximately two million rural people will gain from the new bridges, link roads, and market infrastructure in Bo, Moyamba, Tonkolili, and Karene districts.
The Sierra Leone Connectivity and Agricultural Market Infrastructure Project is aligned with the World Bank’s Country Partnership Framework (CPF, 2021-2026) for Sierra Leone and the Global Crisis Response Framework (GCRF), contributing to economic diversification, competitiveness with resilience. It complements the implementation of Sierra Leone's Medium-Term National Development Plan (MTNDP, 2024-2030), which has Food Security as one of its major flagships.

LeoneStone.com

Freetown hospital wards submerged after heavy downpourOne person has been reported dead and several missing, after a mul...
07/24/2024

Freetown hospital wards submerged after heavy downpour

One person has been reported dead and several missing, after a multi-story property collapsed in the far west of Freetown, following heavy rains that are causing serious damage to property and risk to lives.

Prolonged heavy rains in Freetown is not new, though it has become far more unpredictable due to climate change.
But what cannot be disputed is the fact that decades of deforestation to make way for new housing settlements across the city’s Peninsular, have brought new challenges for the City Council.

With little enforcement of planning regulations by the ministry of lands, the chaotic and poor management of building construction in Freetown, have left culverts and gutters unable to cope with the deluge, along with tons of silts from the hilltops.
The wards in Freetown’s main hospital were submerged in water after several days of rain, leaving patients and staff in a quandary.

As questions are being asked by citizens as to who is responsible for the management and mitigation of issues and risks that are failing to protect against the destruction of properties and deaths during the rainy season, the Freetown City Council yesterday clarified its roles and responsibilities:

Drainage construction – Sierra Leone Roads Authority
Road maintenance – Sierra Leone Roads Authority
Land use planning – Ministry of Lands
Building permit issuance – Ministry of Lands
Water supply – Guma Valley Water Company
Sanitation – Freetown City Council

The Council says that it stands ready and willing to collaborate with, support and complement the work of ministries and departments.

Yesterday, the Freetown City Council held a roundtable meeting with various ministries and departments to discuss the crisis brought on by the heavy rains.

Following the meeting, Freetown Mayor Yvonne Aki-Sawyerr Said: “We had an extremely constructive meeting today with the Minister of Environment, Minister of Local Government and Community Affairs, Deputy Minister of Lands, NSCord ONS, DG NDMA, JFC RSLAF, DG SLRA and Chairman WARDC.

“All the stakeholders presented their perspectives on the reasons for the recent flooding and the actions being taken by their institutions to combat it. We discussed challenges around the lack of land use planning and ineffective building permit issuance, the buildup of silt on the roads and gutters caused by deforestation, the inadequate size of existing storm water drainage, sanitation challenges due to lack of road access and more.

“We have planned joint institutional assessments of flood flashpoints in the coming days and will hold regular meetings in the light of the predictions of more heavy rain.”

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Sierra Leone must prioritize industrial value-added to generate increased export revenueMurtala Mohamed Kamara: Sierra L...
07/15/2024

Sierra Leone must prioritize industrial value-added to generate increased export revenue

Murtala Mohamed Kamara: Sierra Leone Telegraph: 15 July 2024:

While I was recently in Accra, Ghana for a German visa interview, I was also invited to attend the first West African Industrial Summit by the then Ghanaian trade minister on July 21, 2016. I had previously met the minister at a World Economic Forum meeting in Cape Town, South Africa and he had urged me to attend the summit while I was in Ghana.

At the summit, I witnessed the impressive range of Made in Ghana products, including cars manufactured by Kantanka Automobile, showcasing the country’s capability for value addition. In contrast, despite Sierra Leone’s rich history as an educational hub, the government has yet to fully leverage its resources and education system towards adding value to its products.

Sierra Leone is abundantly blessed with resources such as minerals, fertile land, and ample rainfall. However, rather than enhancing local processing and manufacturing, the country often exports raw materials without adding value.

This missed opportunity hinders economic growth and deprives the population of potential job opportunities and economic benefits. For instance, despite being a significant diamond producer for decades, Sierra Leone surprisingly lacks a diamond cutting and polishing industry.

Driving to the Eastern part of Freetown this week, I saw an impressive boat under construction. I asked who was behind it and was introduced to Emad. He said the boat could be compared with other overseas boats after completion. The plan is to construct these boats in Sierra Leone if he gets the support.

The absence of value addition is evident across various sectors in Sierra Leone, from mining to agriculture and manufacturing. Mining communities like Rutile and Kono continue to grapple with poverty despite being rich in resources.

Moreover, there is a lack of industries processing timber into high-quality furniture or minerals into refined products, limiting the country’s export base.

Individuals like Emad, who demonstrated local manufacturing capabilities by independently constructing boats, embody the untapped potential within Sierra Leone.

By supporting and collaborating with skilled entrepreneurs like Emad, the government and private sector can foster a culture of value addition and entrepreneurship in Sierra Leone, leading to economic growth and job creation.

Experts emphasize that integrating value addition into Sierra Leone’s exports will not only boost economic development and GDP but also generate income and reduce unemployment rates.
By prioritizing value-addition strategies, Sierra Leone can unlock the full potential of its resources and workforce, paving the way for sustainable growth and prosperity in the country.

LeoneStone.com
FarmicaAfrica.com

Freetown City Council launches plan to create 120,000 jobs by 2028After several months of hard work, the Freetown City C...
07/10/2024

Freetown City Council launches plan to create 120,000 jobs by 2028

After several months of hard work, the Freetown City Council (FCC) Deputy Mayor, FCC Councilors, the Chief Administrator, Council staff, members of the Mayors Delivery Unit and Mayor Yvonne Aki Sawyerr last Thursday came together in a truly inspiring event to launch the Transform Freetown – Transforming Lives Development Agenda 2024-2028.

The Transform Freetown – Transforming Lives Development Agenda 2024-2028 is a product of extensive community engagement, planning labs to solicit technical input from MDA representatives, development partners, academic and professional institutions, the private sector and civil society,
Building on the achievements of the 2019- 2023 Transform Freetown Agenda, the single target for the Transform Freetown – Transforming Lives Agenda is to create 120,000 decent jobs for women and youth by 2028.

According to the FCC, the direct and indirect jobs will result from interventions in 4 clusters: Climate Action; Heritage Tourism; Digital Economy; and Human Capital Development.

One of the highlights of last Thursday’s launch event was the opening performance by pupils of the FCC Early Learning Adventure Centre in Congo Water Market, reminding of the value of early childhood development and the importance of FCC making high quality free education available to the vulnerable children and grandchildren of market women trading in that market.

Early childhood development is featured within FCC’s education critical pathway in the Human Capital Development cluster as one of the children stated eloquently: “The first 8 years has so much to do with how the next 80 years turn out.”

Another key feature of the launch was the FCC tree giveaway. All guests were encouraged to pick up a free tree, take a photo of the tree and upload details onto the tree tacker for monitoring. It was a hit!

“We are most grateful to World Bank Country Manager Abdu Muwonge and to FCDO Director Emma Spicer for their extremely supportive statements. They both spoke of their partnership with FCC in respect of the 2019-2022 Transform Freetown Agenda, highlighting their funding contributions to a range of interventions including (World Bank) and the Kingtom Wastewater Plant (FCDO). I was grateful that they also committed to continue to support FCC to reach our ambitious but achievable target of creating 120,000 decent jobs by 2028!

As with the previous Transformers Freetown Agenda, funding for the interventions to create these jobs will largely come from a combination of own source revenue, donor grants, philanthropic donations and private sector investments,” said Mayor Yvonne Aki-Sawyerr.

The keynote address was delivered by Deputy Minister of Local Government and Community Affairs Alfred Moi Jamiru who was representing Minister Tamba Lamina in his absence.

In his address, Deputy Minister Jamiru emphasized that the successful implementation of the Transform Freetown – Transforming Lives Agenda will have a positive ripple effect across all districts and encouraged all Freetonians and stakeholders to collaborate with FCC and to embrace the Agenda.

“Today was an important milestone and we are grateful to everyone who participated with FCC to get us to this point. We have set a target, identified our proposed interventions and now over the next 4 years we will implement these, reporting to Freetonians on an annual basis on progress made. We are energized and excited about the positive impacts this Agenda will have on our city and in the lives of our residents. Thank you for joining us on this journey,” Mayor Aki-Sawyerr concluded.

Commenting on the launch of the FCC jobs creation plan, the US ambassador to Sierra Leone said: “Congratulations to Mayor Yvonne Aki-Sawyer and the entirety of the Freetown City Council as they continue their work to Transform Freetown. Their new five-year development strategy focused on creating 120,000 new jobs for youth and women has the potential to truly Transform Lives.

The United States will continue to stand in support of the Freetown City Council’s efforts to promote environmentally responsible growth and ensure the well-being of all Freetownians.”

US Approves $412M in Financing for 126-MW Sierra Leone Natural Gas Power PlantThe United States' International Developme...
06/18/2024

US Approves $412M in Financing for 126-MW Sierra Leone Natural Gas Power Plant

The United States' International Development Finance Corp. (DFC) announced the approval of $412 million in financing and political risk insurance for a 126.5-MW West Africa LNG/combined cycle power plant project.

The power plant, the Western Area Power Generation Project, will be located in Sierra Leone’s capital of Freetown and is intended to help address the country’s rolling blackouts and expand its national electricity system to accommodate additional renewable energy solutions in the future.

DFC said the approved financing includes a new loan of up to $292 million to finance the development and upgrade of the power plant’s infrastructure and promote electricity reliability and access throughout Sierra Leone. The country’s power capacity is estimated at 150-MW with approximately 27.5% of the total population and about 4.9% of the rural population currently having access to electricity.

DFC’s financing also includes approximately $120 million in political risk insurance to bring in private investment to the project, which would be the first utility-scale, independent power project in Sierra Leone.

"DFC is proud to support the country’s first large utility-scale, independent power project and lay the foundation for reliable and affordable electricity in Sierra Leone,” said Nisha Biswal, Deputy Chief Executive Officer at DFC.

Kenya-based Milele Energy owns a 50.1% stake in the project while Middle East-focused turnkey power developer TCQ Power, with a 49.9% share, is providing equity for the project. Mumbai, India-based Shapoorji Pallonji has been picked as construction contractor.

Siemens Energy will supply gas and steam turbine equipment as well as long-term servicing, and operation and maintenance.

All the electricity generated from the plant will be sold to Electricity Distribution and Supply Authority (EDSA), the state agency responsible for the distribution and supply of electricity in Sierra Leone, under a 20-year power purchase agreement.
Phase one of the project will generate 83.5 MW with two GE LM2500 turbines in combined cycle with a steam turbine.

The second phase entails 43 MW of additional capacity from a second combined cycle power plant. Other work for the contractor includes upgrades to existing substations and construction of transmission lines to the existing electric grid.

LeoneStone.com

MONROVIA-On the second day of the three-day Cabinet retreat at the Ellen Johnson Sirleaf (EJS) Ministerial Complex in Co...
05/28/2024

MONROVIA-On the second day of the three-day Cabinet retreat at the Ellen Johnson Sirleaf (EJS) Ministerial Complex in Congo Town, a significant announcement was made that promises to transform Liberia’s infrastructure landscape.

Minister of State Without Portfolio, Mamaka Bility, disclosed the arrival of 285 yellow giant-size earth-moving machines intended for road construction projects across the country.

Minister Bility, in her presentation at the retreat, highlighted the strategic deployment of these machines, with each of Liberia’s 15 counties set to receive 19 machines. This allocation aims to ensure an equitable distribution of resources and expedite the road construction process nationwide.

“The introduction of these earth-moving machines marks a critical step in our efforts to improve Liberia’s infrastructure,” Minister Bility stated. “We are committed to enhancing connectivity and accessibility across the country, which will, in turn, spur economic growth and development.”

According to her, each of the 15 counties will receive 19 earthmoving machines for read construction and or rehabilitation across the country.

The procurement of these machines represents a substantial investment in Liberia’s future. It underscores the government’s dedication to addressing one of the nation’s most pressing challenges-the deplorable state of its road network.

Poor infrastructure has long been a significant impediment to economic development, affecting everything from trade and agriculture to healthcare and education.

With the deployment of these earth-moving machines, the government aims to initiate a comprehensive road construction and maintenance program. This initiative is expected to create numerous job opportunities, both directly and indirectly, as various sectors will benefit from improved transportation infrastructure.

Minister Bility also highlighted the broader impacts of this initiative. “Improving our road infrastructure will not only facilitate trade and commerce but also enhance access to essential services for our citizens, particularly those in rural areas. This is a vital component of our national development strategy.”

The announcement was met with enthusiasm and optimism by the retreat attendees, who see this as a concrete step towards fulfilling the administration’s promises of infrastructural development and economic revitalization.

The retreat, themed, “Coordination and Performance, Delivering on the National Agenda,” has focused on reinforcing the President’s agenda, reviewing the administration’s first 100-day performance, and promoting cohesion and coordination within the government.

LeoneStone.com

Africa needs $277 Billion annually to achieve 2030 Sustainable Development goals.Boasting 60% of the world’s best solar ...
05/20/2024

Africa needs $277 Billion annually to achieve 2030 Sustainable Development goals.

Boasting 60% of the world’s best solar resources, Africa’s solar power potential presents multiple opportunities for investors seeking long-term, scalable financial prospects. A panel session during this year’s Invest in African Energy (IAE) 2024 forum explored strategies to unlock financing for renewable energy projects across the continent.

Taking place in Paris on May 14, the session, which included independent power producer ENGIE Energy Access, featured a robust discussion around solar energy deployment.

Committed to raising electrification rates across the continent, the company is developing a $60 million mini-grid project in Nigeria, which is set for completion by 2026 and is poised to connect over 150,000 people to the grid.

“More than 600 million people lack access to electricity, and ENGIE Access’ goal is to bridge this gap,” stated ENGIE Energy Access Head of Funding Marie Testard, adding, “ENGIE Energy Access is the energy access company that aims to deploy this solution in sub-Saharan Africa, and so far, we have a presence in nine countries, building almost 10 GW of mini-grids.”

Meanwhile, having secured $222.5 million in commitments from African institutional investors in January, pan-African infrastructure investment platform Africa50 Group is well positioned to deploy a pipeline of renewable energy infrastructure projects.

The fund is poised to play a vital role in addressing the continent’s energy needs while promoting inclusive and sustainable development.

“The African continent has a lot of renewable resources and the highest solar potential in the world, with only 5 GW of installed solar capacity so far,” stated Africa50 Infrastructure Investment Platform Strategy Director Molly Gbodimowo, adding, “Overall, Africa requires $277 billion annually to implement its 2030 Sustainable Development Goals.”

Underscoring the pivotal role of public-private partnerships and innovative financing mechanisms in driving renewable energy initiatives, the speakers stressed the importance of local institutions and a favorable investment environment in Africa.

Additionally, it was noted that Africa’s path towards a more sustainable future will require a concerted effort from international stakeholders in the continent’s energy sector to divest from carbon-intensive resources and move towards renewables.

LeoneStone.com

Massive Infrastructure Growth in Sierra Leone OFFICE OF THE PRESIDENTIAL INFRASTRUCTURAL DELIVERY UNIT ENGAGED THE CHINE...
05/10/2024

Massive Infrastructure Growth in Sierra Leone

OFFICE OF THE PRESIDENTIAL INFRASTRUCTURAL DELIVERY UNIT ENGAGED THE CHINESE BUSINESS DELEGATION ON GOVERNMENT INFRASTRUCTURE PRIORITIES* Yesterday May 8th 2024 statehouse.

The Office of the Presidential Infrastructural Delivery Unit on Infrastructure engaged the Chinese business delegation on key government infrastructural priorities. The Chinese are here purposely to seek investment opportunities in the short and medium terms.

Amongst key priority areas outlined by the Government are: 1. Lungi Bridge 2. ⁠Lungi-Freetown Coastal Road 3. ⁠New Freetown City 4. ⁠Free Trade Zone 5. ⁠Netti International Seaport 6. ⁠Agricultural Processing Facilities 7. ⁠Government office Towers.

The government specifically pledged to the Chinese to work at their own pace but also consider the timeliness of the implementation.

These are multi-billion dollar projects that will require massive amounts of crushed stone. Leone Stone is striving to be at the forefront for supplying as much of the required stone as possible.

LeoneStone.com

Farmica Africa is Leone Stone's sister company in Sierra Leone.  Farmica Africa is an eco-friendly agriculture company t...
05/09/2024

Farmica Africa is Leone Stone's sister company in Sierra Leone. Farmica Africa is an eco-friendly agriculture company that currently operates on close to 2,500 acres of rich fertile land. It is the plan of Leone Stone to assist in the growth of Farmica Africa once quarry operations commence. Growing the agriculture side of the company is very socially responsible. The sector contributes greatly to the people and to the country as a whole.

Art thus time we are exploring the opportunity of acquiring a 5,000 acre parcel that sits only 30 minutes away from our Bo Quarry site. The location is perfect for growing rice and many other products that can be sold and consumed locally.

Last year, Rice was the 1st most imported product in Sierra Leone at over $160m. With the vast fertile lands available, this economic problem could easily be remedied.

Stay tuned for updates.

LeoneStone.com
FarmicaAfrica.com

The demand for crushed stone in Sub-Saharan Africa is driven by several factors, reflecting the diverse needs in the reg...
05/07/2024

The demand for crushed stone in Sub-Saharan Africa is driven by several factors, reflecting the diverse needs in the region:

Infrastructure Development: Sub-Saharan Africa is experiencing rapid urbanization and population growth, necessitating the construction of roads, highways, bridges, airports, and other infrastructure. Crushed stone is a fundamental material in the construction industry, used in the foundations, pavements, and structures of various infrastructure projects.

Housing Construction: With a growing population comes a need for housing. Crushed stone is essential for building residential structures, ranging from individual homes to apartment complexes. Additionally, it's used in the construction of schools, hospitals, and other public buildings, meeting the housing needs of expanding urban areas.

Industrial Development: As Sub-Saharan Africa seeks to diversify its economy and attract investment, there's a surge in industrial development. Crushed stone is utilized in industrial facilities, such as factories, warehouses, and manufacturing plants, for foundations, flooring, and other construction purposes.

Mining and Quarrying: Sub-Saharan Africa is rich in natural resources, including minerals and metals. The extraction and processing of these resources often require crushed stone for infrastructure, access roads, and support structures at mining sites and quarries.

Water and Sanitation Projects: Access to clean water and sanitation remains a significant challenge in many parts of Sub-Saharan Africa. Crushed stone is used in the construction of water treatment facilities, pipelines, and sanitation infrastructure, aiding in the delivery of essential services to communities.

Economic Growth and Urbanization: As economies grow and urban areas expand, there's a continuous demand for construction materials like crushed stone. This demand is further fueled by the need for commercial and residential spaces, as well as supporting amenities such as shopping centers and recreational facilities.

Environmental Conservation: In some cases, crushed stone is used in environmental projects, such as erosion control, landscaping, and habitat restoration. These initiatives are crucial for mitigating the impact of development on natural ecosystems and preserving biodiversity.

Transportation Infrastructure: Adequate transportation infrastructure is vital for economic growth and regional integration. Crushed stone is essential for the construction and maintenance of roads, railways, ports, and airports, facilitating trade and connectivity within and beyond Sub-Saharan Africa.

In summary, the great need for crushed stone in Sub-Saharan Africa is driven by the region's burgeoning population, rapid urbanization, infrastructure development, industrialization, natural resource extraction, and efforts to improve living standards and environmental sustainability. Meeting this demand requires sustainable quarrying practices, efficient logistics, and investments in infrastructure and construction technologies.

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Headquartered in Largo Florida, Leone Asset Management, Inc., is a multi-national, U.S. conglomerate with subsidiary companies that operate in Health and Wellness, Agriculture Management, Infrastructure Development and Media and Communications. For additional information, visit: www.leoneasset.com