Economy

How FAR Ltd. Left The Gambia Empty-Handed With Questions on Financial and Strategic Losses

Frederic Tendeng November 8, 2024

A penalty clause required FAR to pay $22 million if it failed to meet this obligation. FAR argued for both an extension and a waiver of the penalty, citing previous drilling efforts and a promised technical review. This review was never delivered. Jerreh Barrow, however, recommended granting FAR’s request and waiving the penalty, a decision supported by the Petroleum Negotiation Committee and approved by the Petroleum Minister, despite the lack of independent verification of FAR’s work.

Gambia Partners with China to Boost Rice Production Through Hybrid Rice Training Program

Frederic Tendeng November 8, 2024

Gambiaj.com – (JENOI, The Gambia) – The Gambian Ministry of Agriculture, Livestock and Food Security (MoALFS), in collaboration with the Ministry of Commerce of the People’s Republic of China, has launched a 30-day training program on hybrid rice production technology.

GIABA Engages Youth in Banjul to Tackle Money Laundering and Illicit Financial Flows

Ebrima Bah November 7, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Intergovernmental Action Group Against Money Laundering (GIABA) has gathered delegates, youth advocates, and policymakers in Banjul for a pivotal conference aimed at combating illicit financial flows and raising awareness about money laundering.

Gambia Launches Digital Platforms to Modernize Agriculture and Strengthen Business Growth

Awa Colley November 7, 2024

Gambiaj.com – (BANJUL, The Gambia) — The Gambia’s Ministry of Agriculture, Livestock, and Food Security (MoALFS) recently unveiled two groundbreaking digital platforms — the GIRAV Project E-extension Agricultural Digital Platform and the Gambia Chamber of Commerce and Industry (GCCI) Digital Platform.

NAWEC Brikama-Salaji Power Line to Spur Property Demolitions and Compensations, Company Warns

Ebrima Bah November 6, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Government of The Gambia has announced a major step forward in its mission to improve electricity infrastructure, with the construction of a high-voltage transmission line under the Gambia Electricity Restoration and Modernization Project (GERMP), funded by the World Bank. The GERMP aims to significantly enhance power distribution and reduce electricity interruptions in the country.

IMF to Unlock New Funds for Gambia After Reaching Agreement on Economic Reforms and Development

Frederic Tendeng November 5, 2024

Gambiaj.com – (Washington, DC) – The International Monetary Fund (IMF) announced a key development in its partnership with The Gambia, following a recent round of discussions held in Washington, DC, led by IMF mission chief Eva Jenkner and Gambian authorities.

Gambia Rights Group Warns Procurement Exemptions for Nine Public Institutions May Fuel Corruption

Ebrima Bah November 5, 2024

he center warned that this exemption could undermine crucial checks and balances in government spending, paving the way for corruption and self-enrichment within public institutions

Senegal Secures Improved Deal with Saudi Firm for $760 Million Desalination Project

Frederic Tendeng November 4, 2024

Gambiaj.com – (DAKAR, Senegal) – President Bassirou Diomaye Faye has announced significant progress for Senegal’s water management strategy following his recent visit to Saudi Arabia. The Senegalese leader revealed that the initial contract with ACWA Power, a major Saudi-based company, for the construction of a large-scale desalination plant has been renegotiated.

Transport Minister Condemns Road Misuse by Auto Businesses and Urges Public Responsibility

Ousman Barrow November 4, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Minister of Transport, Works and Infrastructure, Hon. Ebrima Sillah, has expressed strong disapproval towards scrap metal retailers and automobile repair companies misusing newly constructed roads in The Gambia.

Diplomatic Tensions Arise Over Vessel Naming at Cross-Border Senegal-Mauritania Gas Field

Frederic Tendeng October 17, 2024

Gambiaj.com – (DAKAR, Senegal) – A seemingly simple task of naming support vessels chartered for the Grand Tortue Ahmeyim (GTA) gas field, which straddles the maritime border between Senegal and Mauritania, has ignited a diplomatic dispute between the two West African nations.

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