The Guardia Civil in Spain has arrested three foreign nationals accused of running an elaborate bank fraud linked to a financial institution registered in The Gambia. The operation, codenamed ‘Frux Clearing’, was carried out on Wednesday in Establiments, Mallorca. A Swedish couple, aged 64 and 52, were arrested at their[Read More…]
Tag: Central Bank of The Gambia
Gambia’s Economy Records 5.7% Growth In 2024 – World Bank
The Gambia’s economy has continued on a path of recovery, with real GDP growth reaching 5.7% in 2024, according to the World Bank’s Fifth Economic Update for the country. The report credits the performance to gains in the services sector, stronger investment, and easing inflation, despite persistent global and domestic[Read More…]
Afreximbank Signs $75 Million Currency Swap Deal To Boost Gambia’s Road Infrastructure
The African Export-Import Bank (Afreximbank) has signed a five-year, $75 million cross-currency swap agreement with the Central Bank of The Gambia (CBG) to support critical infrastructure development across the country. The deal, signed during the 32nd Afreximbank Annual Meetings held in Abuja from June 25 to 28, is aimed at[Read More…]
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