As debate over the disastrous failure of the costly Banjul Roads Project sizzles, Gai Construction has been given another lucrative government contract. The construction outfit was recently awarded a contract of D28m to construct a fruit processing factory in the country. The Gambia Tourism and Hospitality Institute (GTHI) is the[Read More…]
Tag: Economy
Gambia: Ex-Finance Minister Hints Revised Budget Unsustainable
Erstwhile Gambia’s finance minister Amadou Sanneh has hinted that the recently revised budget is unsustainable as the country has not built resilience for revenue creation. “You(government)are not expecting all your revenues to come. And according to the minister, D2.3bn they could not get,” ex-finance minister Amadou Sanneh said in an[Read More…]
Is CBG’s Buah Saidy’s Job On The Line?
The embarrassment caused by a report in March that over D100m of mutilated banknotes were stashed at the Central Bank of The Gambia (CBG) has forced the bank’s governor to threaten resignation if the report turned out to be true but it would seem Buah’s job is under threat if[Read More…]
GRTS Suffers D54M Revenue Shortfall
The Gambia Radio and Television Services (GRTS) has suffered a huge revenue decline of D54m as compared its previous fiscal performance. The Director General of GRTS, Malick Jeng, on Monday appeared before the Public Enterprise Committee of the National Assembly. He told the committee that financial, human resources and other[Read More…]
Gambia On Track To Host OIC In Spectacular Fashion – Barrow
President Adama Barrow has underscored that The Gambia will indeed host the OIC Summit, adding that the country is on track to doing so in a ‘spectacular fashion’. “We have the will, the ability and the resources to do so. In short, we have the capacity, and by God’s grace,[Read More…]
Freight Surcharges Could Worsen Gambia’s Woes Beyond Russia War
The cost of living problem in The Gambia could exacerbate well beyond the Ukraine-Russia war as Banjul ports continues to bleed profusely to Port Autonome De Dakar with the ports expansion project remaining a chimera. According to experts, the ports expansion master-plan, commissioned by the government of The Gambia, remains[Read More…]
Gambia’s VP Extols Barrow’s Development Agenda At India-Africa Conclave
Landing at Indira Gandhi International Airport in the predawn hours of Monday, the Gambian VP and head of delegation, His Excellency Badara Alieu Joof immediately convened a pre-summit meeting at the Ambassador’s residence in readiness for Tuesday’s India-Africa Growth Conclave. Together with the Ministers of Finance, Health, Energy and Public[Read More…]
38 New Buses For Urban Gambia As Barrow Launches Urban Transport Initiative
In what could be described as a watershed moment in the history of the country’s public transport sector, the Gambian leader will on Tuesday preside over the launch of the Urban Transport Initiative at the McCarthy Square in Banjul. President Adama Barrow will also commission 38 new buses as part[Read More…]
Senegal’s Largest Gas-To-Power Plant To Be Launched Late 2022
Senegalese energy company, West African Energy, have announced that the 300 MW Cap des Biches combined cycle gas power plant – Senegal’s first and largest – will launch by the end of the year as 2.5 million tons of liquefied natural gas is set to flow from the west African[Read More…]
Darboe Says Tobaski Came At Tough Economic Times
Lawyer Ousainu Darboe has called on Gambians to maintain unity as he lamented the ‘hard economic times’ that characterised this year’s Eid. The UDP leader also expressed his unhappiness about businesspeople, using the Ukraine war to inflate prices. Mr. Darboe pointed out that this year’s Eid Ul-Adha (Tobaski) cannot compare[Read More…]
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