The Gambia has ranked among the lowest-performing economies in the inaugural Business Ready 2024 (B-READY) report, a new World Bank initiative assessing global business climates.
The government of The Gambia has categorically refuted allegations circulating on social media regarding the Concession Agreement with Africa50 and its implications for future bridge construction.
Gambiaj.com – (Banjul, The Gambia) – The National Water and Electricity Company (NAWEC) has terminated its Treasury Manager and suspended its Director of Finance amid allegations of financial misconduct.
The World Bank’s International Debt Report, released on December 3, provides a negative outlook on The Gambia’s financial situation as of the end of 2023.
India’s DGFT has extended the export deadline for broken rice to Senegal and The Gambia by two months, allowing shipments through NCEL until January 31, 2025.
Gambiaj.com – (BANJUL, The Gambia) – Global shipping giant CMA CGM has announced the implementation of a Port Congestion Surcharge (PCS) for cargo shipments destined for Banjul, The Gambia, citing ongoing logistical challenges at the port. The surcharge will come into effect on December 15, 2024, and will apply exclusively to dry cargo transported from the Far East, including China, Hong Kong & Macau SAR, North East Asia, and South East Asia. The surcharge is set at USD 500 per container.
Gambiaj.com – (DAKAR, Senegal) – The Senegalese government’s recent attempt to raise 25 billion CFA francs through the issuance of assimilated Treasury bonds (BAT) was met with zero submissions, marking a rare and significant failure on the UEMOA financial market.
Gambiaj.com – (Banjul, The Gambia) – The Government of The Gambia has officially launched the 2024 Groundnut Trade Season, which began on Monday, 2nd December 2024.
Finance Minister Seedy Keita has raised the alarm that The Gambia is nearing debt distress, citing limited budgetary flexibility and a growing burden of debt servicing as critical challenges.
The case, filed by a businessman from Bantwal, India, has sparked curiosity in The Gambia due to its mention as part of a narrative used to solicit investments.
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