Economy

Central Bank – Internal Debt Rises, But Dalasi Resilient Despite Slight Depreciation

Frederic Tendeng February 28, 2024

Gambiaj.com – Central Bank Governor Buah Saidy disclosed that the the government’s internal debt grew by 8.4% while the Gambian Dalasi underwent a minor decline compared to major international currencies in 2023 during the quarterly Monetary Policy Committee meeting update. In relation to the US dollar, the Dalasi lost 3.8 percent of its value; with the Euro, the loss is 10.8 percent; with the GBP, the loss is 12.7 percent; and with the CFA, the loss is 14.2 percent.

Central Bank of The Gambia Aims to Lower Prices of Basic Commodities Ahead of Ramadan

Frederic Tendeng February 28, 2024

Gambia – The governor of the Central Bank of The Gambia, Buah Saidy, has announced plans to reduce the prices of essential food items such as rice and sugar, particularly important as the country approaches the Muslim fasting month of Ramadan.

The Technical Deadlock Strangling Kunta Kinteh and Kanilai Ferries

Frederic Tendeng February 27, 2024

Gambiaj.com – There are three brand-new ferry engines sitting inactive at the Banjul Sea Port, while the Kunta Kinteh and Kanilai Ferries continue to experience frequent breakdowns that endanger passenger lives and severely hinder commerce.

Minister Urges Business Community to Lower Prices Ahead of Ramadan

Frederic Tendeng February 27, 2024

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.

Gambia Ferry Services Resumes Banjul-Barra Operations After Maintenance

Frederic Tendeng February 26, 2024

Gambiaj.com – The Gambia Ferry Services (GFS) has announced the resumption of its traffic operations linking the Banjul-Barra crossing points.

Gambia Department of Fisheries Launches Training Program to Combat Illegal Fishing

Frederic Tendeng February 26, 2024

Gambiaj.com – On Monday, February 26, 2024, the Department of Fisheries in The Gambia commenced a nine-day course aimed at enhancing the capacities of Fisheries Inspectors and Gambia Navy personnel in port inspection procedures.

Gambia National Petroleum Company MD to Address Invest in African Energy Forum

Frederic Tendeng February 26, 2024

Gambiaj/com – Baboucarr Njie, the Managing Director of the Gambia National Petroleum Company (GNPC), is set to speak at the Invest in African Energy (IAE) forum in Paris, scheduled for May 14-15. Njie’s presentation will focus on highlighting investment opportunities within The Gambia’s oil and gas sector, aiming to attract global financiers and technology providers to capitalize on the nation’s untapped energy prospects.

The Gambia and EU Negotiate the 5th Fisheries Partnership Agreement

Frederic Tendeng February 22, 2024

Gambiaj.com – The Fisheries Department of The Gambia and the European Union convened the 5th joint committee meeting on the Sustainable Fisheries Partnership Agreement on Tuesday, February 20, 2024. The two-day meeting aims to discuss various aspects of fisheries management, including economics and science.

3 Oil Exploration Projects to Watch in The Gambia this Year

Frederic Tendeng February 21, 2024

Gambiaj.com – Since 2014, The Gambia has drilled up to 11 successful wells, piqueing industry interest in the nation’s offshore prospects. Because of its proximity to the 230 million barrel Sangomar discovery made in neighboring Senegal, the country boasts enormous prospectivity.

Gambia’s Department of Fisheries Enhances Staff Skills with Five-Day Data Collection Training

Frederic Tendeng February 21, 2024

Gambiaj.com – The Department of Fisheries in The Gambia is conducting a five-day training session on data collection in fisheries management for its staff, running from 20th to 25th February 2024. The training program has brought together participants from various units of the department.

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