Economy

Gambia signs $45 million loan for energy sector
Economy

Gambia signs $45 million loan for energy sector

Finance minister Amadou Sanneh has signed a US$45 million loan agreement with the International Islamic Trade Finance Corporation to support National Water and Electricity Company and Gambia National Petroleum Company. The loan, which was signed by the by Government on behalf of the two state institutions, is expected to help […]

Gambia to inject life into EU fishing pact
Economy

Gambia to inject life into EU fishing pact

Gambia is endeavoring to restore a fishing agreement with the European Union made dormant by the former regime of ex-President Yahya Jammeh. The new government of Adama Barrow has made fishing a priority and turning to private security firms to curb illegal fishing in its waters. The requirements in the […]

Gambia’s state-owned companies owe billions in taxes
Economy

Gambia’s state-owned companies owe billions in taxes

State-owned companies in The Gambia owe an undisclosed sum in taxes to the Gambia Revenue Authority amounting to billions, the country’s finance minister, Amadou Sanneh said. The companies have not been paying their taxes with some owing more than a billion dalasis. The country’s only power company, NAWEC owes at […]

Gambia reveals development plan to give life to economy
Economy

Gambia reveals development plan to give life to economy

Gambia’s Vice President Fatoumata Tambajang on Tuesday launched the country’s five-year development plan, which seeks to transform the economy into a vibrant and debt free market. The development blueprint is centered on good governance, economic advancement, and human rights was revealed to the country’s international partners, according to Awa Sisay, […]