President Adama Barrow has on Saturday unveiled plans to simplify, enhance stability, and reduce costs for business start-ups while also investing in infrastructure development to attract corporate investors. President Barrow pledged to eliminate barriers impeding the growth of the private sector in The Gambia.
Speaking during the opening remarks of the National Business Council, President Barrow said, “I hereby recommit my government to eliminating the barriers impeding the growth of the private sector. Starting and running a business in The Gambia should be easy to attract investors and formalize businesses in the country,” President Barrow told the meeting’s attendees.
He emphasized the need for the costs of doing business to be shared fairly and in proportion to national development. President Barrow also highlighted his government’s commitment to investing heavily in infrastructure development to improve the country’s quality of life and attract additional investors. He specifically mentioned plans to make electricity more reliable and inexpensive.
“The government will continue to invest heavily in infrastructure development to increase The Gambia’s investment attractiveness and facilitate efficient corporate operations. Along with this, electricity will be made more dependable, consistent, and economical,” he said.
President Barrow further announced plans to modernize Banjul’s ports and establish a new one in Sanyang, West Coast Region, to facilitate trade and investment.
Acknowledging the business community’s role in national development, President Barrow praised their involvement and pledged to maintain open lines of communication.