Markets

Gambia’s Poultry Industry Seeks Protection and Support for Local Producers

Gambiaj.com – (BANJULINDING) – A recent report by Jason Toussaint, an ethical animal welfare advocate based in Banjulinding, has revealed that The Gambia’s poultry industry faces significant challenges despite its importance to the country’s economy. In 2022, Gambia imported $40.1k worth of poultry, ranking it as the 177th largest importer globally. The Netherlands and France were the primary sources of these imports.

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The Gambia Among Top 10 African Countries Facing High Inflation and Economic Pressure

Gambiaj.com – (BANJUL) – The Gambia, an import-dependent nation, is one of 10 African nations grappling with the impact of global price fluctuations. Recent data indicates a concerning trend, with Gambia’s inflation rate jumping from 9.2% in February to 17.1% in March. The government is closely monitoring the situation and implementing strategies to address the rising inflation, ensuring stability and affordability for its citizens.

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Gambia Implements Measures to Stabilize Essential Commodity Prices

Gambiaj.com – The Government of The Gambia has taken proactive steps to mitigate external shocks affecting the stocks and prices of essential commodities in the domestic market. These measures, outlined by the Ministry of Trade, Industry, Regional Integration and Employment, aim to ensure the availability and affordability of key food items, particularly during the holy month of Ramadan.

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Parliament Questions Finance Minister Over Exclusive Govt $50 Million Loan to Jah Oil

Gambiaj.com – Finance Minister Seedy Keita faced tough questioning from National Assembly Members (NAMs) yesterday regarding a $50 million loan facility, equivalent to D3.4 billion, granted exclusively to Jah Oil, a private company. The loan was part of an agreement approved last June by the National Assembly between the government and the Arab Bank for Economic Development in Africa (BADEA) to support Gambian businesses importing food and other essential commodities, aiming to alleviate market price pressures.

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