Gambia’s Vice-President Muhammad Jallow has Friday reiterated the importance of capital markets, described them as “organized systems” that would allow the “free flow of capital, raised through debt or equity.” The country’s second-in-command made this remark today during the launching of the Gambia capital markets which was held at the[Read More…]
Tag: Economy
Air Senegal, Royal Air Maroc Sign Codeshare Agreement
Air Senegal and Morocco’s Royal Air Maroc on Wednesday signed a memorandum of understanding for code-sharing and other steps to deepen cooperation. Air Senegal said in statement the carriers would seek to increase connections and provide more options for passengers. Other areas of cooperation include aircraft maintenance, chartering and handling.[Read More…]
‘Agri-Food Processing Sector Plays Pivotal Role In Gambia’s Economic Devt’
The director general of the Gambia Tourism and Hospitality Institute (GTHI), Momodou Singhateh, has said the agri-food processing sector plays a pivotal role in the economic development of The Gambia. The GTHI boss made the disclosure during the opening of a 3-day (12 – 14 June) agri-food processing curriculum validation[Read More…]
Are GSM Operators Threatened By Comium’s New Move?
Owing to the high level of mobile phone penetration in The Gambia, the country’s telecom sector has been growing at a rapid scale over recent decades. The sector’s growth is characterized by a highly vibrant and competitive market and environment in which innovative products and services move very quickly in[Read More…]
Startup Huddle Enlightens Young Entrepreneurs
Startup Huddle, a local organisation of entrepreneurs in The Gambia that seeks to connect entrepreneurship and strengthening the local Gambian ecosystem, on Friday held an entrepreneurship forum at The Hub Ltd on Kairaba Avenue. The forum, which is one of the body’s monthly sessions, rallies together entrepreneurs across sectors to[Read More…]
Mayor Bensouda Vows To Tackle Unemployment
Kanifing Municipality’s Mayor Talib Ahmed Bensouda has vowed to tackle unemployment and curb the plight of the unemployed within his municipality. In his May Day statement Monday, Mayor Bensouda said: “Today May 1st is a symbolic date as it marks the International Worker’s Day as well as my nomination as[Read More…]
‘Over 700 Communities Will Be Electrified By The Next 2 Years’
The Managing Director of the National Water and Electricity Company (NAWEC) has declared that over 700 communities across the Gambia will be electrified by his company by 2025. “Our access level in the country is just a little above 4 per cent, but we are working hard by 2025 to[Read More…]
Gambia: NAWEC To Increase Tariffs For Water & Electricity In April
Tariffs for water and electricity are going to be increased nationwide in about a week’s time, according an announcement by the National Water and Electricity Company (NAWEC), who made the disclosure at a conference held earlier on Monday 27 March at its head office at Westfield. According to NAWEC, the[Read More…]
Senegal Cement Giant Secures €242M From IFC
Senegal’s largest cement producer, Sococim Industries, has secured a €242m finance package from the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to build a new production line at its Rufisque cement plant in the Dakar Region. Sococim Industries, a subsidiary of France-based multinational Vicat,[Read More…]
Alkalo Reveals Tujereng Denied Mining Benefits Since 1951 As GACH Gives Over D1m To Community
The Alkalo of Tujereng has disclosed that since mining of black sand began in the coastal village in the early 50s, the community never enjoyed a slice from mining activities, enthusing that GACH was the first company to give back to the village. On Sunday, officials of GACH Global Group[Read More…]
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