Kenema ICT and Management College

26/09/2026

Financial service providers stakeholders engagement of other financial institutions on the review of the other financial services (OFS) ACT, 2001, training on the collateral registry and other regulatory matters. For which the leading Microfinance from the East(Trust Microfinance and Title Loan SL Ltd) was invited to base on it solid foundations and authentication in financial services and good customer relationship.

Brief update on the outcome of this all important engagement 👇🏻👇🏻

The central objective is to replace/update the older framework with a more comprehensive regulatory system for Other Financial Institutions (OFls) and Other Financial Holding Companies.

The proposed Bill expressly says its objective is to establish an effective framework for the licensing/ registration, regulation, supervision and resolution of OFls and holding companies.

The Bank of Sierra Leone is given overall regulatory and supervisory authority, including responsibility for financial system safety, stability, soundness and customer protection.

👉🏿In practical terms, the review is asking:
Who should be allowed to provide financial services?
👉🏿What activities should each type of financial institution be permitted to conduct?
👉🏿How much capital should each institution maintain?
👉🏿How should liquidity and credit risk be controlled?
👉🏿How should owners, directors and senior managers be vetted?
👉🏿How should related-party and insider lendina be controlled?
👉🏿What happens when an institution becomes weak or fails?
👉🏿How should customers/depositors be protected?
👉🏿How should the regulator intervene before a problem becomes a financial crisis?

This is a significant expansion from the basic regulatory architecture of the 2001 Act. The 2001 Act already gave BSL regulatory authority over non-bank financial institutions, but Sierra Leone's financial sector development work subsequently identified the need for more
specialised MFI legislation/regulation.

The proposed Bill defines a Microfinance Institution as a company providing microcredit/ microloans to the public and/or accepting deposits.

That wording is extremely important because it appears to put credit-only MFls and deposit-taking MFIs within the same broad legal category, while the risks of the two models are not identical.
There is a strong policy reason for treating them differently.
According to our engagement policy review stated that: A deposit-taking MFI holds money belonging to the public. Its failure can directly expose depositors to loss and create broader confidence and financial stability concerns. While

A credit-only MFI, by contrast, principally lends its own capital or permitted funding and does not take repayable deposits from the public.
Its principal risks are therefore more concentrated around:
credit risk; portfolio quality; liquidity/funding; governance; consumer protection; over indebtedness; operational risk; fraud; capital adequacy; and responsible lending.

This distinction was already recognised in Sierra Leone's financial sector development policy: it proposed separate prudential/non-prudential arrangements for deposit -taking MFls and non-deposit-taking MFls, with BSL supervision focused more heavily on deposit-taking institutions.

❤️Credit-Only Microfinance Institution An institution that:👇🏻👇🏻
lends to individuals, MSMEs and other eligible borrowers; does not accept deposits or other repayable funds from the public; operates primarily from shareholders' funds, retained earnings, permitted institutional funding, wholesale funding or other approved sources. While on the other hand.

❤️Deposit-Taking Microfinance Institution:
An institution authorised to: accept deposits from the public; mobilise savings; provide microcredit; and undertake other activities specifically authorised by BSL.

The proposed Bill actually contains the foundation for this approach because it says BSL may apply proportional regulation according to type, size, complexity and risk profile.

All thanks to Mr Bockarie Bayoh for be real and readiness to do more for the people of the East Kenema precisely.

21/09/2026

CEO Bockarie Bayoh to soon announce the appointment of One of Kenema’s most influential, eloquent, result-driven and emerging leaders, as his Head of Sales, Media and Marketing.

Part of CEO’s vision is to position Kenema as an entrepreneurial hud, second to Freetown, in the country, thereby creating job opportunities for especially our talented youths, establishing the much needed Companies/Businesses and investing in our region’s Human Capital Developments.

If you are a talent in Kenema, be assured that I will find you and bring you onboard.

It Can Always get Better 👏.

19/09/2026

CEO Bockarie Bayoh increases his Leadership’s Team morale with monthly Rice Supply, starting September 2026.

Attention:
Executive Director,
Director of Quality Assurance,
Principal,
Head of Administration & Registrar,
Line Directors.

I want to thank all of you for consistently going above and beyond your job expectations, and to see that we succeed as a group. I am fully aware that, Leadership has been put under tremendous work pressure to meet those targets, and to ensure that we run our businesses/companies within our strict boundaries, policies, procedures, standards and frameworks.

I want to, in appreciation of your commitment(s) to work and for keeping my comprehensive vision alive, announce effective this month(September 2026) that, all Leadership staff (ED, Quality Assurance Director, Principal, Head of Administration and Line Directors), will each receive a bag of rice in addition to their salaries.

Again, thank you all for the great work and support.

Copy,
KICTAM College
Trust Microfinance & Title Loans(SL) Ltd.
Trust Construction General Supply and Real-estate Company

Regards,
CEO.

👏

15/09/2026

Very important questions that needs open reaction on.

10/09/2026

Upgrade Your Digital Skills at KICTAM
College.

Join our Crash Computer Courses and master Windows Basics + Microsoft Office Package perfect for students, workers, business owners, and anyone ready to improve their computer skills.

• Registration: Le100.00
• Location: 19 Bockarie Gbay Street, Simbeck, Kenema.
• Contacts: +232 88830279 / +23231387212 / +23276502666 / +232 76733207
Register now and be part of the digital
generation.




Bockarie Bayoh
Janneh Baby Blog
Unique Tv 1

03/09/2026

Dear fans of Princess Saffa, your favorite Tiktokerh has accepted the challenge.

Do you really believe she can mimic our college song to perfection?

02/09/2026

CHALLENGE ALERT FOR PRINCESS SAFFA...👇🏻✍🏽👇🏻

Princess Saffa, we're officially challenging you to mimic a song for KICTAM College and give us your best pertormance.
It you can do it to perfection, there's a SURPRISE PACKAGE waiting for you.

And this challenge is open to everyone/anyone who feels they can take it on and nail the performance is welcome to participate, with a surprise package also waiting for the best effort.

Mr Bockarie Bayoh is definitely going to honor it if found interesting.
Princess Saffa, are you ready to accept the challenge?

25/08/2026

Happy Moulid Un Nabi Mubarak to my facebook family, friends, and the entire Muslims in Sierra Leone and worldwide.

May Allah accept our prayers and supplications, May this Moulid bring peace to our
homes, barakah to our businesses, and unity to our country. Amen and Ameen

Celebrating the Prophet's birthday with
dhikr, charity, and love. That's the best gift we can give.

Don’t forget admission is open, kindly visit us at 19 Bockarie Gbay Street for more details and also visit 144 Dama Road for your best choice in building materials and supervision assorted provisional, food and cosmetics materials

23/08/2026

Breaking news!

CEO Bockarie Bayoh has secured Twenty Eight point Five (28.5) Acres of Land for KICTAM College in Giema Town, Dama Chiefdom(Five Miles off Kenema).

Few months ago, I posted on my facebook timeline that I will be bringing a lifetime development to my Paternal Home of Giema Dama and by extension to Moawoma, that no one has done before me, and the benefits will stand the test of time for generations to inherit. We expect to enroll the first batch of our students in the 2027/2028 academic year.

Today I am excited to share that with my instruction and supports, my hard working team and my good people of Dama Chiefdom, including Paramount Chief Sandy Momoh Forwai, Chiefdom Speaker, Town Chief, Section Chief, Imam, Pastor, Women’s Leader, Youth Leader and residents signed and handed over what will become the establishment of the First College in Dama Chiefdom. This is development and our people need it.

My vision for this proposed Campus is to attract both national and foreign students and staff, particularly from our neighboring Liberia and Guinea, due to the strategic location of the Land.

My family background and tie to Giema Dama.

My grandfather of blessed memory, Pa Bockarie Bayoh and his siblings migrated to Sierra Leone as businessmen and women, in the early 1900s. They first lived in Kono Eastern Sierra Leone, and then to Segwema, Kenema and finally settled in Giema Town, Dama Chiefdom, where my grandfather met his beautiful wife grandma Hawa Mansaray, and they gave to my father and all his siblings. My father later settled in Kenema, where I was born together with my siblings, but Giema became our most trusted home. The place we always visited during holidays and the destination we always wanted to visit when we needed to cool off. Today, I am adding to the great part of our Chiefdom’s history.

Congratulations to the Leadership of KICTAM College and our Chiefdom Leaders, as we all work together to see this great vision translate into reality.

College

🙏

21/08/2026