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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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Minister Urges Business Community to Lower Prices Ahead of Ramadan

Gambiaj.com – Speaking at the President Adama Barrow peace award ceremony, Hamat Bah, the Minister of Tourism and Culture, urged the business community operating in The Gambia to alleviate the financial strain on Gambians by reducing the cost of essential goods before the start of the Muslim holy month of Ramadan.

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The Gambia’s Ranked 17th Out of 35 of Africa’s Poorest Nations.

Insider Monkey is a finance website that tracks hedge funds and corporate insiders, offering a premium newsletter with a proprietary strategy, has released its yearly ranking of Africa’s 35 poorest countries based on GDP per capita in 2023. The Gambia is ranked 17th, just behind Guinea-Bissau and just ahead of Togo.

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