Despite signing a US$20M Murabaha financing agreement in February for the importation of essential items, The Gambia Government insists it will not remove the 180% tariff it slammed on a bag of imported cement. The thinking behind the Murahaba financing agreement is to facilitate the importation of essential commodities such[Read More…]
Tag: cement
Gov’t Reportedly Asked Jah Oil To Revert To Previous Cement Price, Cites Violation Of MoU
The Gambia Government has reportedly asked Jah Oil to maintain the old cement price barely 72 hours after the company effected an upward revision in the cement price. Jah Oil released a statement this week, announcing its move to increase the price of a bag of cement from D355 to[Read More…]
Jah Oil Increases Cement Price
Jah Oil has increased the price of a bag of cement from D355 to D390. “This decision was made reluctantly due to significant and unavoidable increases in global market prices for cement and clinker, compounded by the depreciation of the Dalasi against the US Dollar,” the company said in a[Read More…]
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