The government of Japan is expected to render food aid to The Gambia in millions of Dalasi but government suggested it would not immediately use the nutrition aid to stave off hunger in many Gambian households. Tokyo has committed to supporting Banjul fight off climate-induced and Russia-triggered food insecurity seriously[Read More…]
Tag: Economy
Gambia Signs $68 Million World Bank Grant To Revive Tourism
Gambia and the World Bank signed a $68 million grant on Tuesday to revive the ocean-facing West African country’s tourism sector, representatives of both parties announced at a ceremony. The grant is meant to support the diversification and climate resilience of tourism in Gambia, a country of around 2.1 million[Read More…]
Gambia Gov’t Bans Timber Export Among Raft Of Measures
Press Release Dated: 1st July, 2022 Re: The Gambia Government Permanently Revokes All Timber Export Permits With New Regulations Banjul, The Gambia — With the endorsement of Cabinet chaired by His Excellency President Adama Barrow on Thursday and in line with Section 113 of the Forest Act, 2018, the Ministry[Read More…]
Diesel Shortage Looms As Pump Prices Jump
Diesel shortage is looming in the horizon as several filling stations in urban Gambia reportedly ran out of the product in the past two days, JollofNews can report. Several gas stations have reported running out of the product on Wednesday and Thursday. Jah Oil stations have been providing diesel lifeline[Read More…]
Citizens Use FMs To Frown On GPA/Hadim Gaye Ties
Some Gambians could not still understand why the GPA should continue to pay D5m to Hadim Gaye as annual rent for its inland container depot when the land being rented out was given to him by the Barrow government. The issue has once again gained currency in the national discourse[Read More…]
Timber Dealers In VP’s Office As Pressure Mounts On Banjul
Members of the Association of Timber Dealers on Friday met with the Vice President in camera as Senegal mounts pressure on The Gambia to regulate the timber export business. The multi-million dollar timber export industry is one of the truculent issues putting strains on the diplomatic relations between Banjul and[Read More…]
IMF Releases $216m To Senegal
The International Monetary Fund has released nearly $216 million U.S. dollars for Senegal after a review of its aid programs for the West African country. The Executive Board of the International Monetary Fund (IMF) announced Wednesday ( June 22) “The completion of the audits allows the immediate release of about[Read More…]
J-Fin Boss Calls For Frank Talk Amid US$ Shortage
An influential member of the business community, Momodou M. Jagana, has said the dollar shortage that hit the country lately will have a toll on everyone as he called for a frank talk over the development and germane matters. The J-Fin Money Transfer country boss told JollofNews on Wednesday that[Read More…]
Import Trade Paralysed As Dollar Shortage Worsens
The dollar shortage that reared its ugly head recently has worsened, JollofNews can report. It’s having knock-on effects on import businesses as businessmen reliant on import trade using dollar are struggling to access the legal tender. While some blame the government and ‘unscrupulous’ businessmen for what, they called, an[Read More…]
Gambia Gets Additional US$6 Million IMF Loan To Meet Financing Needs
The Executive Board of the International Monetary Fund (IMF) Friday completed the fourth review under the Extended Credit Facility (ECF) arrangement for The Gambia. The completion of the review enables an immediate disbursement of SDR 5 million, about US$ 6.72 million, to help meet the country’s balance-of-payments and fiscal financing[Read More…]
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