Economy

New ECOWAS Regional Competition Authority Take Charge as Ghana’s Dr. Twumasi-Anokye Elected Chairperson

Awa Colley October 7, 2024

Gambiaj.com – (Banjul, The Gambia) – The ten newly appointed members of the Board of the ECOWAS Regional Competition Authority (ERCA) officially assumed their roles this week in Banjul, The Gambia. Following their swearing-in ceremony, the Board members participated in a comprehensive orientation session, introducing them to the ERCA’s mission, legal framework, and strategic objectives.

Moody’s Downgrades Senegal’s Long-Term Credit Rating Amid Rising Deficit and Debt Concerns

Frederic Tendeng October 5, 2024

Gambiaj.com – (DAKAR, Senegal) – Moody’s Investors Service has downgraded Senegal’s long-term credit rating from Ba3 to B1, highlighting concerns over the country’s deteriorating tax and debt position. The downgrade, announced on Friday, underscores a significantly weaker fiscal outlook than initially expected

Editorial: Balancing Reform and the Financial Burden on Gambians

gambiaj October 5, 2024

Editorial: Balancing Reform and the Financial Burden on GambiansAs businesses pass on the additional tax burden to consumers, prices for goods and services have risen sharply. With excise taxes imposed on essential commodities like petroleum, telecommunications, and tobacco, many Gambians now face higher costs for transportation, energy, and mobile services. The government’s push to tax rental properties, particularly those catering to the tourism sector, is also driving up housing costs, squeezing tenants… Full Text Here👇👇

The Gambia Eyes 70% Electrification with African Development Bank Backing, as Energy Minister Prepares for African Energy Week

Awa Colley October 4, 2024

Gambiaj.com – (BANJUL, The Gambia) – In a bid to accelerate its energy transition, The Gambia is set to achieve a 70% electrification rate by the end of this year, thanks to substantial investments from the African Development Bank. This target includes electrifying 50% of rural areas, underscoring the country’s commitment to expanding access to electricity across all regions.

Gambia Launches Consultative Process to Modernize Legal Metrology Standards

Mariama Cham October 2, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Ministry of Trade, Industry, Regional Integration, and Employment has initiated a consultative process aimed at modernizing The Gambia’s legal metrology framework. This effort began with a workshop that brought together key stakeholders, including policymakers, health experts, and industry representatives, to review the proposed Legal Metrology Bill 2024 for better accuracy and fairness.

The Gambia Ramps Up Efforts to Stop Illegal Fishing

gambiaj October 2, 2024

Gambiaj.com – (BANJUL, The Gambia) – The Gambia is increasing its efforts to battle illegal, unreported and unregulated (IUU) fishing, which has plagued West Africa for decades.

IFAD and Gambian Ministry Host Regional Workshop to Strengthen Procurement in West and Central Africa

Awa Colley October 1, 2024

Gambiaj.com – (BANJUL, The Gambia) – In a significant move to enhance regional procurement frameworks, the International Fund for Agricultural Development (IFAD), in partnership with The Gambia’s Ministry of Agriculture, Livestock, and Food Security, is hosting its third annual procurement workshop through the Roots Project.

Senegal’s Dollar Bonds Fall After Audit Reveals Larger Debt and Deficit

Frederic Tendeng September 27, 2024

Gambiaj.com – (DAKAR, Senegal) – Senegal’s sovereign dollar bonds fell on Friday after a government audit revealed larger debt and deficit figures than the previous administration had reported, Tradeweb data showed.

Senegal’s Economy Minister Alleges Major Underreporting of Debt and Budget Deficit by Former Regime

Frederic Tendeng September 27, 2024

Gambiaj.com – (DAKAR, Senegal) – In a landmark press conference on Thursday, Senegal’s Minister of Economy, Planning, and Cooperation, Abdourahmane Sarr, presented a detailed analysis of the country’s fiscal health, revealing serious discrepancies in the reporting of public debt and budget deficits from 2019 to 2023. This initiative, framed as an exercise in transparency

RISE Gambia Strengthens Communities with Cash Transfers Support Initiative

Awa Colley September 25, 2024

Gambiaj.com – (BASSE, Upper River region) – The RISE Gambia Project is making significant strides in bolstering the country’s human capital through its strategic cash transfer initiative aimed at uplifting vulnerable communities. Jointly funded by the World Bank and the Government of The Gambia,

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New ECOWAS Regional Competition Authority Take Charge as Ghana’s Dr. Twumasi-Anokye Elected Chairperson

Moody’s Downgrades Senegal’s Long-Term Credit Rating Amid Rising Deficit and Debt Concerns

Editorial: Balancing Reform and the Financial Burden on Gambians

The Gambia Eyes 70% Electrification with African Development Bank Backing, as Energy Minister Prepares for African Energy Week

Gambia Launches Consultative Process to Modernize Legal Metrology Standards

The Gambia Ramps Up Efforts to Stop Illegal Fishing

IFAD and Gambian Ministry Host Regional Workshop to Strengthen Procurement in West and Central Africa

Senegal’s Dollar Bonds Fall After Audit Reveals Larger Debt and Deficit

Senegal’s Economy Minister Alleges Major Underreporting of Debt and Budget Deficit by Former Regime

RISE Gambia Strengthens Communities with Cash Transfers Support Initiative

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Senegal’s High Court of Justice Set to Hold Former Government Officials Accountable

Senegal’s PM Sonko Unveils Ambitious Reforms in First General Policy Address

Gambia Government Spent Nearly D3 Billion on Vehicles Since 2020

Gambia Police Urges Victims of Alleged Scammer “Karanta” to Report as Investigation Ongoing

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