Finance

Gambia Government Spent Nearly D3 Billion on Vehicles Since 2020

Ebrima Bah December 27, 2024

Gambiaj.com – (BANJUL, The Gambia) – The government of The Gambia has spent a whopping D2,879,432,900 on vehicles, maintenance, fuel, and lubricants since 2020, raising concerns about inefficiencies and a lack of regulatory oversight. The Standard Newspaper, referencing the 2025 national estimates, reports that an additional D1,621,253,000 has been budgeted for similar expenditures, sparking debate over the sustainability of such spending.

Gambia’s Central Bank Urged to Adopt Green Monetary Tools Amid Climate Challenges

Frederic Tendeng December 20, 2024

Gambiaj.com – (BANJUL, The Gambia) – In a bold call for action, Foday Joof, a senior risk analyst at the Central Bank of The Gambia (CBG), has advocated for transformative green monetary policies to address the nation’s climate vulnerabilities. Writing for financial publication Finextra, Joof outlined a vision for integrating social and environmental considerations into the country’s financial regulations to foster a sustainable and resilient economy.

Local Government Inquiry Reveals Dubious Financial Arrangements in KMC Truck Procurement

Jarai Jallow December 19, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Local Government Commission of Inquiry has uncovered intricate financial dealings surrounding the Kanifing Municipal Council’s (KMC) procurement of waste collection trucks, revealing substantial profit margins for Espace Motors and questionable practices in the loan arrangement.

Oversight on KMC’s “Mbalit” Project: Overestimation, Lack of Transparency, and Family Ties

Jarai Jallow December 18, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Commission of Inquiry into the financial mismanagement of the Kanifing Municipal Council (KMC) has revealed significant concerns about the “Mbalit” Project, including overestimated truck costs, a lack of transparency from Agib Bank, and bribery allegations linked to senior officials.

2025 Budget Appropriation – Focus on Resource Mobilization, Pay Raises, Pension Boosts

Frederic Tendeng December 14, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Minister of Finance and Economic Affairs, Sidi Keita, delivered the 2025 Appropriation Bill to the National Assembly on Friday, outlining a bold strategy to boost domestic resource mobilization, address socioeconomic inequities, and tackle fiscal vulnerabilities.

Senegal Faces Rare Setback as Treasury Bond Issue Fails to Attract Investors

Frederic Tendeng December 5, 2024

Gambiaj.com – (DAKAR, Senegal) – The Senegalese government’s recent attempt to raise 25 billion CFA francs through the issuance of assimilated Treasury bonds (BAT) was met with zero submissions, marking a rare and significant failure on the UEMOA financial market.

Teachers Threaten Strike Over Payment Delays; Government Says Funds Released

Frederic Tendeng December 1, 2024

(Gambiaj.com – BANJUL, The Gambia) – Tensions have escalated between The Gambia Teachers’ Union (GTU) and the Ministry of Finance and Economic Affairs over delayed payments for Senior Secondary School (SSS) Board salaries and School Improvement Grants (SIG) for mission schools as teachers prepare to strike on Monday, December 2, 2024.

Access Holdings Eyes Completion of Standard Chartered Gambia Takeover

Frederic Tendeng November 28, 2024

Access Holdings Plc confirms acquisition of StanChart’s Gambian operations, marking a significant African expansion strategy, following successful takeovers in Angola and potential acquisitions in Cameroon and Tanzania.

UN and Gambian Leaders Strengthen Partnership on Integrated National Financing Framework

Awa Colley November 14, 2024

Gambiaj.com – (BANJUL, The Gambia) – The United Nations Resident Coordinator and representatives from the United Nations Development Programme (UNDP) met with Gambian Vice President H.E. Mohammed B.S. Jallow yesterday to discuss ongoing progress in establishing an Integrated National Financing Framework (INFF) for The Gambia.

New Initiative Targets Self-Reliance for Vulnerable Youth and Women in Rural Gambia

Awa Colley November 13, 2024

Gambiaj.com – BANJUL, The Gambia — In a landmark step toward empowering marginalized groups, The Gambia, in partnership with the African Development Bank (AfDB), has launched a $14.7 million project aimed at building self-reliance for vulnerable youth and women across the nation.

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