(JollofNews) – Gambia’s finance ministry has appointed advisers to help put its debt on a “sustainable path”, the finance ministry said on Monday. Gambia has been facing a heavy debt burden with the International Monetary Fund warning the country against any new borrowing after its debt reached 130 percent of[Read More…]
Author: Reuters
African Petroleum Seeks Arbitration Over Gambia Oil Dispute
(JollofNews) – African Petroleum Corp has begun arbitration proceedings over Gambia’s decision to strip the company of its rights to explore for oil in two offshore areas. The Norwegian-listed company said in a statement on Wednesday that two wholly-owned subsidiaries had requested arbitration with the United States-based International Centre for[Read More…]
Gambia Turns To Private Companies For Maritime Policing
(JollofNews) – Gambia is negotiating deals with three private companies to crack down on rampant illegal fishing in its territorial waters, a senior official with the fisheries ministry told Reuters. Made possible by poor monitoring capacity and, in some cases, corrupt local officials, illegal fishing costs West Africa’s coastal nations[Read More…]
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