The Executive Board of the International Monetary Fund (IMF) completed the third review of the arrangement under the Extended Credit Facility (ECF). The completion of the review enables the release of SDR 5.0 million (about US$6.97 million), bringing total disbursements under the arrangement to SDR 40.0 million (about US$55.75 million).[Read More…]
Economy
Gambia: Barrow To Commission OMVG Brikama, Jarra Soma Substations
President Adama Barrow of the Gambia will Friday commission the first OMVG hydro-electric power station connecting communities from Jarra Soma, Lower River Region to Brikama, West Coast Region. The project is a part of The Gambia’s Energy Roadmap and one of the cheapest and clean sources of energy. The ceremony[Read More…]
Mid-November Spud Targeted For Offshore Gambia Well
The drillship Stena IceMAX is due to arrive in Las Palmas in the Canary Islands later this month before mobilizing to drill the Bambo-1 exploration well offshore The Gambia. Operator FAR says the targeted spud date is Nov. 13. Exceed’s wells management team in Aberdeen is supporting planning and execution of the well, with[Read More…]
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