Lloyd’s Boosts Long-Term Economic Resilience in Sierra Leone

The Government of Sierra Leone (GoSL) and Sherbro Alliance Partners signed a Memorandum of Understanding in 2019
Lloyd’s commitment to backing regenerative projects globally positions them as an ideal partner, says Idris Elba, Co-Founder of Sherbro Alliance Partners

Leading insurance and reinsurance company Lloyd’s has made an impressive step towards supporting economic resilience and growth opportunities on Sherbro Island, Sierra Leone. The company has entered an agreement with Sherbro Alliance Partners to become part of the wider vision for Sherbro Island City, a Public-Private Partnership (PPP) between the government of Sierra Leone and Sherbro Alliance Partners to create a new Special Economic Zone (SEZ). 

“This partnership represents a significant milestone in our efforts to make Sherbro Island a reality. Lloyd’s commitment to backing regenerative projects globally positions them as an ideal partner,” comments Idris Elba, Co-Founder of Sherbro Alliance Partners. 

“Together we are at the forefront of pioneering a fresh approach to developing African cities, with a strong focus on sustainable and renewable energy. Lloyd’s support will fuel our growth as we work towards achieving our shared vision of a more sustainable future.”

Partnering for sustainable long term growth

Under the agreement, specialist insurance and risk expertise will be available to the market from Lloyd’s, as well as strategic partners international professional services firm Aon and leading market insurer Tokio Marine Kiln (TMK).

Lloyd’s will also provide access to specialist insurance and risk expertise in the market, with input from as strategic partners.

“As chair of the SMI’s Insurance Taskforce, Lloyd’s has a leading role to play in helping bring innovative and regenerative projects to life around the world,” says John Neal, Lloyd’s CEO. 

“Sherbro Alliance Partners’ vision for Sherbro Island is to bring long-term prosperity and growth to the region, while providing access to cutting-edge renewable energy and technology. We look forward to working closely with SAP to help bring this project to life.”

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“Building a new city that prioritises sustainable growth and development requires strong partnerships,” shares Siaka Stevens, Co-Founder of Sherbro Alliance Partners.

“By collaborating with Lloyd’s we can harness collective expertise, resources and innovation to create a thriving modern metropolis. Partnerships like these are crucial in shaping Africa’s sustainable development to ensure our cities are not only technologically advanced but also environmentally conscious, socially inclusive and economically vibrant.” 

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