Economy

Gambia-Senegal Forum Urges Bold Steps for Economic Transformation

Frederic Tendeng December 19, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Gambia and Senegal are charting a path toward economic transformation, but a bold leap in collaboration is needed to realize their full potential. It’s in this context that the second edition of the Senegalese-Gambian Economic, Commercial, and Investment Forum opened on Thursday with calls for stronger bilateral cooperation to harness the economic potential of the two neighboring nations.

Local Government Inquiry Reveals Dubious Financial Arrangements in KMC Truck Procurement

Jarai Jallow December 19, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Local Government Commission of Inquiry has uncovered intricate financial dealings surrounding the Kanifing Municipal Council’s (KMC) procurement of waste collection trucks, revealing substantial profit margins for Espace Motors and questionable practices in the loan arrangement.

Oversight on KMC’s “Mbalit” Project: Overestimation, Lack of Transparency, and Family Ties

Jarai Jallow December 18, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Commission of Inquiry into the financial mismanagement of the Kanifing Municipal Council (KMC) has revealed significant concerns about the “Mbalit” Project, including overestimated truck costs, a lack of transparency from Agib Bank, and bribery allegations linked to senior officials.

ECOWAS Stresses Urgency of Economic Reforms and Infrastructure Development for ECO Single Currency Rollout

Frederic Tendeng December 17, 2024

The Economic Community of West African States (ECOWAS) has underscored the need for accelerated economic reforms and infrastructure development to lay the foundation for the successful launch of the ECO single currency.

Dream Deferred: Samuel Sarr’s Arrest and Audit Scandal Shake Senegal’s Landmark Energy Project

Frederic Tendeng December 15, 2024

Gambiaj.com – (DAKAR, Senegal) – The West African Energy (WAE) power plant, a landmark collaboration between local investors and Senegal’s National Electricity Company (Senelec), was once seen as a beacon of national energy sovereignty. However, the dream of a 100% Senegalese-led energy success story has been shattered following revelations of financial mismanagement and the arrest of Samuel Sarr, the project’s key promoter.

2025 Budget Appropriation – Focus on Resource Mobilization, Pay Raises, Pension Boosts

Frederic Tendeng December 14, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Minister of Finance and Economic Affairs, Sidi Keita, delivered the 2025 Appropriation Bill to the National Assembly on Friday, outlining a bold strategy to boost domestic resource mobilization, address socioeconomic inequities, and tackle fiscal vulnerabilities.

Gambia Poorly Ranked in World Bank’s B-READY Business Climate Report

Frederic Tendeng December 11, 2024

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.

Government Debunks ‘Misleading Claims’ on Africa50 Bridge Agreement

Ebrima Bah December 10, 2024

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.

NAWEC Takes Action Over Alleged Financial Misconduct, Launches Investigation

Ebrima Bah December 9, 2024

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 Gambia’s Debt Crisis: Alarming Indicators of Economic Vulnerability

Frederic Tendeng December 7, 2024

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.

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Gambia-Senegal Forum Urges Bold Steps for Economic Transformation

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Oversight on KMC’s “Mbalit” Project: Overestimation, Lack of Transparency, and Family Ties

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