Economy

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

Frederic Tendeng April 2, 2024

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.

Stakeholders Discuss Automation of Duty Waiver Processes in Gambia National Single Window Project

Frederic Tendeng April 1, 2024

Gambiaj.com – A stakeholder engagement workshop focusing on the second phase of the Gambia National Single Window project was recently convened by Nick TC Scan Gambia and the Gambia Revenue Authority. The workshop, held on March 26, 2024, at the Gambia National Single Window Office in Serrekunda, centered on discussions regarding duty waiver processes.

Government Enforces Digital Tax Stamps on Bottled Water and Flour to Curb Revenue Leakages

Frederic Tendeng April 1, 2024

Gambiaj.com – To stop revenue leaks, the Gambia Revenue Authority (GRA) has started mandating the use of digital tax stamps (DTSs) on flour and bottled water. The goal of this new system is to guarantee that all flour products and bottled water being sold in The Gambia are correctly taxed and registered.

Trade Minister Launches Modernization of Lumo Project, Enhancing Regional Integration

Frederic Tendeng March 31, 2024

Gambiaj.com – The Minister of Trade, Industry, Regional Integration, and Employment, Hon. Baboucarr Ousmaila Joof, reached a significant milestone yesterday by laying the groundwork for the first Lumo Project in Wellingara Ba, Lower River Region. This groundbreaking project heralds a new era of regional cooperation and economic growth in The Gambia.

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

Frederic Tendeng March 29, 2024

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.

Ministry Denounces False Claims of Corruption in OIC Road Project

Frederic Tendeng March 28, 2024

Gambiaj.com – The Ministry of Transport, Works, and Infrastructure has issued a statement refuting recent allegations of corruption in the management of funds for the Organization of Islamic Cooperation (OIC) road project in The Gambia.

Banjul ECOWAS Consultative Committee on Competition Prepares for Digital Markets Study

Frederic Tendeng March 23, 2024

Gambiaj.com – A multi-agency working group, comprising members of the Consultative Competition Committee (CCC) of the Economic Community of West African States (ECOWAS) Regional Competition Authority (ERCA) and sectoral experts from Member States, convened in Banjul, Republic of The Gambia, to prepare the methodology, data collection questionnaire, and detailed structure of the report of the Study on Digital Markets.

Banjul-Barra Bridge Project – Consultants Already at Work as Government Affirms Commitment

Frederic Tendeng March 22, 2024

Gambiaj.com – The Minister of Transport, Works, and Infrastructure, Ebrima Sillah, reiterated the government’s dedication to constructing a bridge connecting Banjul with Barra. Speaking during an oral session with parliament members, Sillah emphasized the bridge’s potential to alleviate traffic congestion, improve communication, and boost commerce and economic growth.

Procurement Autonomy Granted to Over 20 Gambian State Organizations

Frederic Tendeng March 20, 2024

Gambiaj.com – Over 20 organizations, including ministries, hospitals, and other establishments, have been granted permission by the Gambia Public Procurement Authority (GPPA) to independently handle procurement tasks. The authorization ceremony took place at the National Assembly on Tuesday, March 19, 2024.

Invest in African Energy (IAE) 2024 to Position West Africa as Global Energy Powerhouse

Frederic Tendeng March 19, 2024

A West Africa-focused roundtable will highlight the countries of Senegal, Guinea-Conakry, Sierra Leone, and The Gambia at the upcoming Invest in

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