Economy

 Senegal’s New Financial Prosecutor Launches Probe into $200 Million Money Laundering Allegations

Gambiaj.com – (Dakar, Senegal) – The Senegalese government has initiated a bold move to deliver on its promise of financial accountability under the leadership of President Bassirou Diomaye Faye. With the establishment of a specialized Financial Public Prosecutor’s Office, significant cases involving alleged mismanagement of public funds are now under active investigation.

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GIA Partners with UAE’s G1 Holdings to Revive National Carrier

Gambiaj.com – (Banjul, The Gambia) – Gambia International Airlines (GIA) is making a bold move to reestablish the nation’s presence in the skies, following years of absence. In a significant step toward finalizing a strategic partnership, GIA welcomed representatives from G1 Holdings, a UAE-based aviation company, on a three-day tour of facilities at the Banjul International Airport.

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8th Stake in the Nation Forum to Unite Gambians for National Development on January 11th

Gambiaj.com – (BANJUL, The Gambia) – The 8th Stake in the Nation Forum (SNF) is set to take place on Saturday, January 11, 2025, at the Sir Dawda Kairaba Jawara International Conference Centre in Bijilo. This annual event, now a cornerstone of national and diaspora engagement, provides a platform for Gambians to interact with the government and other key stakeholders on advancing the country’s development agenda.

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Sangomar Oil Site Achieves Record Output, Boosts Senegal’s Global Standing

Gambiaj.com – (DAKAR, Senegal) – The Sangomar oil site in Senegal achieved a remarkable milestone in December 2024, marking a significant leap for the country’s burgeoning oil industry. With the commissioning of all its producing wells, the site recorded an impressive monthly output of 2.96 million barrels of crude oil, setting the stage for Senegal to strengthen its position in the global oil market.

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Senegal’s GDP Surges 8.9% in Q3 2024, Fueled by Oil Boom – But Contract Revisions Loom

Gambiaj.com – (Dakar, Senegal) – Senegal’s economy has seen a historic surge, with a remarkable 8.9% increase in Gross Domestic Product (GDP) in the third quarter of 2024, driven largely by the burgeoning oil sector. According to data from the National Agency for Statistics and Demography (ANSD), the country’s economic performance is primarily attributed to the exploitation of the Sangomar oil field, inaugurated in June 2024, which alone accounted for 6.8 percentage points of GDP growth.

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Gambia Government Responds to Farmers’ Concerns Over Digital Payments in Groundnut Trade

Gambiaj.com – (Banjul, The Gambia) – The Gambia Government has moved swiftly to address concerns raised by farmers over the new digital payment system introduced during the 2024 Groundnut Trade Season. In response to complaints regarding the QMoney digital platform’s rollout, President Adama Barrow instructed the Ministers of Agriculture and Finance to meet with farmers’ representatives and stakeholders to resolve the issues.

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