Business

Gambia’s president woos Turkish investors
Business

Gambia’s president woos Turkish investors

Gambian President Adama Barrow on Monday promised a conducive environment for Turkish investors as he met Turkish officials in Istanbul, the state news agency reported. ”The Gambia is a country governed by the principles of democracy and it offers a favorable geographical position and a better system for Turkish investors,” […]

Ebrahim Sanyang’s companies on U.S. sanction list
Business

Ebrahim Sanyang’s companies on U.S. sanction list

At least eight companies belonging to a so-called Gambian prince have been the target of a corruption and human rights abuse sanction by U.S. authorities. U.S. citizens are barred from doing business with the Royal Africa Holding and its subsidiaries: Africada Airways, Royal Africa Capital Holding, Africada Financial Service & […]

Small business owners decry all inclusive package
Business

Small business owners decry all inclusive package

Gambian small business owners are censuring the move by Gambian travel agencies and hotels to offer inclusive packages to holidaymakers in the country. Local businesses in the tourism development area say they are seeing diminishing returns, urging authorities to step in and pass regulations that can help their businesses flourish. […]

Gambia: A billion barrels of oil found offshore
Business

Gambia: A billion barrels of oil found offshore

Two offshore Gambia blocks have been assessed at a combined potential of 1.1bn barrels of oil, according to a statement released by FAR Limited. The Australian-based company has undertaken a comprehensive geotechnical evaluation of the blocks off the west coast of Africa, covering an area of 2,692 sq km, approximately […]

Gambia sued over oil dispute with African Petroleum
Business

Gambia sued over oil dispute with African Petroleum

African Petroleum Corporation has launched arbitration proceedings against Gambia over the government’s decision to strip it of its rights to explore for oil in two offshore areas. The company said in a statement that two wholly-owned subsidiaries had requested arbitration with the U.S.-based International Center for the Settlement of Investment […]