Economy

IMF Review Signals Stronger Gambian Economy and Setbacks; Final Agreement Expected in December

Frederic Tendeng October 14, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Gambia is on a path toward economic growth, driven by productive discussions between the country’s leaders and the International Monetary Fund (IMF) during an 11-day mission that wrapped up in Banjul on October 11. Despite some fiscal challenges, the IMF review team reported progress on The Gambia’s reform agenda under the 36-month Extended Credit Facility (ECF) arrangement.

Gambian Economist Highlights the Pitfalls of Africa’s Reliance on Diaspora Remittances for Economic Development

Frederic Tendeng October 13, 2024

Gambiaj.com – (BANJUL, The Gambia) – In recent years, remittances from the African diaspora have been celebrated as a lifeline for the continent’s economic development. However, as Alhagi Mbowe’s recent analysis reveals, the $100 billion annual inflow primarily fuels consumption, not the sustainable growth Africa urgently needs.

Ministry of Finance Concludes Comprehensive Review of Public Financial Management Reforms

Lamin Jarjue October 11, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Directorate of Public Finance Management (PFM) under The Gambia’s Ministry of Finance and Economic Affairs (MoFEA) has successfully concluded a five-day review session aimed at evaluating the progress of third-quarter reforms in public financial management.

Gambia Hosts Investment Forum to Boost Agrifood Sector through Public-Private Partnerships and Innovative Financing

Frederic Tendeng October 11, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Ministry of Agriculture, Livestock & Food Security, in partnership with the Food and Agriculture Organization (FAO) of the United Nations, held an Investment Forum on October 10, 2024, at the Sir Dawda Kairaba Jawara Conference Center in Banjul.

Seven NAWEC Sub-contracted Staff Fatally Electrocuted in North Bank Tragedy, Safety Concerns Raised

Frederic Tendeng October 9, 2024

Gambiaj.com – (BANJUL, The Gambia) – In a tragic incident that has left the community in shock, seven employees of The Gambia’s National Water and Electricity Company (NAWEC) lost their lives when an aging electrical pole collapsed and made contact with high-voltage wires, resulting in immediate electrocution.

Albayrak Group Begins Bold Transformative Upgrades at Port of Banjul

Frederic Tendeng October 8, 2024

Gambiaj.com – (BANJUL, The Gambia) – Following a concession agreement signed in July, Türkiye’s Albayrak Group has accelerated efforts to revamp The Gambia’s port infrastructure, starting with the Port of Banjul and extending to inland terminals in Basse and Kaur. The ambitious project encompasses full financing, maintenance, and operational duties for the Port of Banjul and promises a major boost to Gambia’s trade potential with plans underway for a deep-sea port in Sanyang.

Gambia’s Lands Ministry Orders Immediate Halt to Unauthorized Development in Cape Point Wetland

Awa Colley October 8, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Ministry of Lands, Regional Government, and Religious Affairs has issued an immediate suspension on all development activities within the ecologically sensitive Cape Point wetland area.

Casamance Economy and Stability – What to Know About Senegal’s $53.6 Billion CFA National Recovery Plan

Frederic Tendeng October 8, 2024

Gambiaj.com – (ZIGUINCHOR, Senegal) – Senegal’s Prime Minister, Ousmane Sonko, announced on Monday an ambitious national recovery plan for the Casamance region, aimed at revitalizing the economies of Ziguinchor, Sédhiou, and Kolda after decades of conflict.

New ECOWAS Regional Competition Authority Take Charge as Ghana’s Dr. Twumasi-Anokye Elected Chairperson

Awa Colley October 7, 2024

Gambiaj.com – (Banjul, The Gambia) – The ten newly appointed members of the Board of the ECOWAS Regional Competition Authority (ERCA) officially assumed their roles this week in Banjul, The Gambia. Following their swearing-in ceremony, the Board members participated in a comprehensive orientation session, introducing them to the ERCA’s mission, legal framework, and strategic objectives.

Moody’s Downgrades Senegal’s Long-Term Credit Rating Amid Rising Deficit and Debt Concerns

Frederic Tendeng October 5, 2024

Gambiaj.com – (DAKAR, Senegal) – Moody’s Investors Service has downgraded Senegal’s long-term credit rating from Ba3 to B1, highlighting concerns over the country’s deteriorating tax and debt position. The downgrade, announced on Friday, underscores a significantly weaker fiscal outlook than initially expected

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IMF Review Signals Stronger Gambian Economy and Setbacks; Final Agreement Expected in December

Gambian Economist Highlights the Pitfalls of Africa’s Reliance on Diaspora Remittances for Economic Development

Ministry of Finance Concludes Comprehensive Review of Public Financial Management Reforms

Gambia Hosts Investment Forum to Boost Agrifood Sector through Public-Private Partnerships and Innovative Financing

Seven NAWEC Sub-contracted Staff Fatally Electrocuted in North Bank Tragedy, Safety Concerns Raised

Albayrak Group Begins Bold Transformative Upgrades at Port of Banjul

Gambia’s Lands Ministry Orders Immediate Halt to Unauthorized Development in Cape Point Wetland

Casamance Economy and Stability – What to Know About Senegal’s $53.6 Billion CFA National Recovery Plan

New ECOWAS Regional Competition Authority Take Charge as Ghana’s Dr. Twumasi-Anokye Elected Chairperson

Moody’s Downgrades Senegal’s Long-Term Credit Rating Amid Rising Deficit and Debt Concerns

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