After enlivening festivities and parties for several years, Julbrew has now become a missing link in many beer lovers’ quest for the excitement of the cockles of the heart. The Gambia’s Very Own Beer has thrilled and excited beer lovers, including tourists but heavy tax burden has forced its manufacturers[Read More…]
Tag: Economy
IMF Says Gambia’s Economic Recovery & Tax Collection Weaker Than Anticipated
IMF’s acting board chair Mr. Bo Li said recently that the Gambia’s economic recovery and tax collection are “weaker than anticipated while inflationary pressures and foreign exchange shortages are intensifying”. According to Mr. Li, this situation has been engendered by the ramifications of Russia’s invasion of Ukraine, the Covid-19 hangover[Read More…]
IMF Approves Nearly US$27.41M For Gambia
The Executive Board of the IMF has approved about US$27.41m for The Gambia after the Fifth Review under the Extended Credit Facility Arrangement for the country held in Washington, DC on Thursday. This takes the total disbursements under ECF arrangements to about US$87.44 million. In the second augmentation of access[Read More…]
COVID-19 Test Requirements Lifted Amid Launching Of Major Tourism Project
The Minister of Tourism and Culture, Hamat Bah, stated on Tuesday that international visitors are no longer required to provide a negative COVID-19 test results they were asked to take before jetting into Gambia. Bah made the announcement at the launching of the Tourism Diversification and Resilience in The Gambia[Read More…]
Huge Capital Investment In Jaeja Water Company Gives Forth Ripe Fruits
The massive capital investment in Jaeja Water Company has started to yield dividend as the factory is now well-positioned to meet the country’s growing demand for clean, fresh, pure and healthy drinking water. As demand for bottled water of first rate grows with the growing population, GACH Group made the[Read More…]
WB Okays Extra $20M Grant To Plug Gambia’s Unforseen Financing Gap
A Supplemental Financing for the Gambia’s Second Fiscal Management, Energy and Telecom Reform Development Policy Financing (DPF) at the tune of $20m was on Wednesday approved by the World Bank’s Board of Executive Directors, this medium has gathered. The idea is to support government’s interventions to enhance debt and public[Read More…]
Jaeja Employees In Race To Meet Public Demand
Employees at Jaeja tomato factory in Banjulinding are in a race against time to meet the unprecedented rise in public demand for Jaeja tomato paste. Jaeja tomato paste has apparently consolidated its foothold in the market as demand currently threatens to outstrip supply. But in a drive to ensure its[Read More…]
Gov’t Gives 30-Day Extension To PetroNor For Its A4 Licence Option
The government of The Gambia has given PetroNor a 30-day extension to the long-stop date for its A4 licence option in the country, JollofNews gathered. In giving details of the latest development, regarding its A4 licence option in The Gambia, PetroNor announced that it held positive discussions with the government[Read More…]
IMF Grants Senegal Credit Extension Until January 2023 For Reviews
The International Monetary Fund’s board has approved Senegal’s request for a credit extension to Jan. 10, 2023, to allow time to complete credit and policy reviews, the Fund said in a statement on Thursday. The request, approved on Nov. 15, concerns an 18-month Stand-By Arrangement and Arrangement Under the Standby[Read More…]
Lands Still Sold In Gunjur Berending Despite Ban On Development Against CDS, Others
After the CDS and others were told to seize any development on lands they acquired in Gunjur in questionable circumstances, land grabbing in the disputed territory in the southern Gambian town is becoming increasingly concerning. Following several injuries and death over the territory, an injunction was issued for stay of[Read More…]
NEWS LIKE YOU, ON THE GO
