Economy

Gambia’s economy struggling with D48.3B debt
Economy

Gambia’s economy struggling with D48.3B debt

Gambia’s debt stands at D48.3 billion ($1.09 billion) greater than the country’s GDP of $903.5 million, the country’s Finance Minister Amadou Sanneh said. The total amount of debt held by Gambians climbed in 2016 by the most in a decade driven by broad unserviceable international and high domestic borrowings. The […]

Yahya Jammeh emptied state coffers
Economy

Yahya Jammeh emptied state coffers

Gambia’s President Adama Barrow said former ruler Yahya Jammeh has ransacked the country’s treasury leaving less than US$1 before he went to exile in Equatorial Guinea. The former authoritarian ruler also airlifted premium vehicles and other luxuries out of the West African nation on Saturday. “There is no money in […]