Economy

Gambia Revenue Authority Defends Duty Stamp Contract with SICPA

Gambiaj.com – The Gambia Revenue Authority (GRA) has defended its decision to sign a duty stamp contract with Swiss company SICPA amidst criticism from various quarters. The Commissioner General of GRA, Yankuba Darboe, addressed journalists yesterday, stating that the criticism is unfounded and based on a misunderstanding of the contract’s contents.

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 Oil Marketing Companies in the Gambia to Cease Fuel Dispensing over Pricing Dispute

Gambiaj.com – In a press release issued Monday, the Oil Marketing Companies (OMCs) operating in The Gambia have expressed their dismay over unilateral decisions made by the Ministry of Finance and Economic Affairs regarding petroleum product pricing. The OMCs, serving as suppliers of petroleum products, employers, taxpayers, and business entities, highlighted several key grievances.

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Arbitration – Gambia Ordered to Pay Over £20 Million to West African Aquaculture Ltd

Gambiaj.com – The Gambia Government has disclosed the verdict delivered by the Paris-based International Centre for Settlement of Investment Disputes (ICSID) regarding the legal case between the West African Aquaculture Limited (WAA) and The Gambia. This case revolves around the expropriation of Mr. and Ms. Hansson’s WAA Shrimp Farming business in the West Coast villages of Pirang and Sanyang by former President Yahya Jammeh on 3rd June 2015.

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