(JollofNews) – Gambia remained the highest debtor among the International Monetary Fund (IMF) Sub-Saharan Africa Member countries with a 120 percent debt compared to Guinea Bissau which holds only 46%, according to the Fund’s April 2017 Sub-Saharan Africa regional economic outlook. Gambia is followed on the debt ratio by its[Read More…]
Economy
Gambia: Information Minister Debunks African Petroleum Claims Over Test Drilling Rights
(JollofNews) – Gambia’s Information Minister Wednesday debunked claims made by African Petroleum Corp, suggesting they still have exploration rights on two offshore blocks. “Their license has expired, and government did not renew it,” Information Minister Demba Ali Jawo told Jollofnews in reaction to news reports indicating that the oil giant[Read More…]
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…]
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