CELTEL PAYS LE27 BILLION TAX TO GOVERNMENT IN SIERRA LEONE

Mergers, Acquisitions and Financial Results

Celtel's Financial Manager and Acting Managing Director, Andy Jones has disclosed that by virtue of the position of Celtel as a corporate citizen doing business in Sierra Leone, it now pays Le 27 billion which is equivalent to USD9 million to the government as this year's tax fee, making it the largest tax payer in the country.

He said since the inception of Celtel's operations in 1998 when it was highly risky to undertake any business venture and when other corporate international investments were pulling out, Celtel was able to endure and provided job opportunities for over 5000 Sierra Leoneans.

Jones said 200 of these are permanently and directly employed and over 500 others as either security guards or shopkeepers while over 3000 have been able to raise money to upkeep their families through the sales of top up cards and most recently, Celtel has decided to introduce the 'Payphone' project which will help generate funds for all operators of that system.

"This year we have already allocated Le 3 billion to undertake social projects, to construct and reconstruct public infrastructures throughout the country, erect schools and community centers and provide seedlings for farmers," he said adding that Celtel intends to be a good corporate citizen in its operations in the country.

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