The International Monetary Fund and Gambian authorities have reached a staff-level agreement on a new three-year support package of around $100 million, the Fund said in a statement on Wednesday. The program will support agreed economic policies and reforms. It aims to tackle inflation and foreign exchange pressures, reduce debt[Read More…]
Economy
NAWEC Boss Allays Fears Over Prepaid Meter Upgrade
NAWEC Managing Director, Nani Juwara, has clearly stated that the prepaid meter upgrade will not cause any fluctuation in power bills, adding that there is no need for concerns. “There is no way for activity of this nature to create additional costs for customers,” he told reporters Tuesday during a[Read More…]
Demba Jallow: “Efforts Are Ongoing For Cheaper Power Production Costs”
The Gambia River Basin Development Organization (OMVG) Director of Environment and Sustainable Development, Demba Jallow, said there are efforts being spearheaded by member States to slash power production costs with the view to easing the burden on consumers. “Efforts are ongoing for cheaper power production as gas power plant construction[Read More…]