Finance

Senegal’s Economy Minister Alleges Major Underreporting of Debt and Budget Deficit by Former Regime

Gambiaj.com – (DAKAR, Senegal) – In a landmark press conference on Thursday, Senegal’s Minister of Economy, Planning, and Cooperation, Abdourahmane Sarr, presented a detailed analysis of the country’s fiscal health, revealing serious discrepancies in the reporting of public debt and budget deficits from 2019 to 2023. This initiative, framed as an exercise in transparency

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KMC Audit Gaps Exposed: Director Reveals Weak Oversight and Susceptibility to Fraud

Gambiaj.com – (BANJUL, The Gambia) – The Local Government Commission of Inquiry on Wednesday heard startling revelations from Landing Colley, the Director of the Internal Audit Unit at the Kanifing Municipal Council (KMC), about significant gaps in the council’s audit processes and oversight mechanisms. Colley, who was appointed on April 28, 2023, testified on his findings since assuming office.

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The Gambia Cashes in on Senegambia Bridge: Finance Minister Updates Lawmakers on $15.5 Million Payout

Gambiaj.com – (BANJUL, The Gambia) – The Gambian government has received a substantial financial boost from its partnership with Africa50, following the signing of a concessional agreement for the management of the Senegambia Bridge. During a recent Question and Oral Answer session in the National Assembly, the Minister of Finance and Economic Affairs informed lawmakers that the country had secured $15.5 million as the first tranche of compensation under the Asset Recycling Program.

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