(JollofNews) – Gambia has ended talks with African Petroleum to extend oil exploration in two of the West African country’s most promising offshore blocks and is now in preliminary discussions with new investors, a senior oil official told Reuters. The A1 and A4 blocks, operated by the firm founded by[Read More…]
Economy
Gambia’s Shut Flagship Newspaper ‘Cleared To Reopen’
(JollofNews) – Gambia’s first daily newspaper which was shut down earlier this month over unpaid taxes has been cleared to reopen, local press sources revealed to the African Press Agency on Wednesday. According to the sources, staff of the Daily Observer resumed work on Wednesday after reaching an agreement with[Read More…]
Gambia Gets Over US$16 Million Emergency Credit From IMF
(JollofNews) – The Executive Board of the International Monetary Fund (IMF) Monday approved emergency financial assistance under the Rapid Credit Facility (RCF) in the amount equivalent to SDR11,662,500 (about US$16.1 million) for the Gambia to enable the authorities to meet their urgent balance of payment needs. In addition, the Board[Read More…]
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