Economy

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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Gambia Government Spent Nearly D3 Billion on Vehicles Since 2020

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.

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Senegal’s $1.2 Billion Ndayane Deep-Water Port Project Enters Construction Phase

Gambiaj.com – (Ndayane, Senegal) – The arrival of the Willem Van Rubroeck dredger ship at the port site in Ndayane marks a significant milestone in Senegal’s ambitious $1.2 billion port project. Spearheaded by DP World in partnership with the Senegalese government, the Ndayane deep-water port aims to alleviate congestion at the Autonomous Port of Dakar and elevate Senegal as a regional logistics powerhouse.

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