The Cement Importers and Agents Association of The Gambia has vowed to put up a strong resistance against any attempt to use border settlements as cement re-bagging turfs. The association claimed that it has received reports recently that some people have been making efforts to rejuvenate a Jammeh-era cement re-bagging[Read More…]
Tag: Economy
GCCI Prexy Says Trade Between Senegal & Gambia Vital, But Hindered By Artificial Barriers
The President of the Gambia Chamber of Commerce and Industry (GCCI), Edi Mass Jobe, has highlighted that cross-border trade between Senegal and The Gambia is vital, but lamented that stumbling blocks remain in the way of smooth trans-boundary commerce between the neighbouring countries. As The Gambia and Senegal gear up[Read More…]
ECOWAS Sets 2027 Deadline For New Single Currency, The “Eco”
The Economic Community of West African States (ECOWAS) is pressing ahead with plans to launch a single regional currency, the “Eco,” by 2027, marking a major push toward economic integration among its member states. The confirmation came from Dr. Omar Alieu Touray, President of the ECOWAS Commission, during an official[Read More…]
Concerns Mount Over Prospect Of Failed Rain In Gambia
The clouds above many parts of The Gambia have been full of promises of cloudbursts since the onset of this year’s rainy season around mid-June, but some Gambians have now become concerned about the prospect of a failed rain. Reports reaching JollofNews from several parts of the country intimated that[Read More…]
Cement Dealers’ Guild Appeals To President Barrow To Rethink Cement Tariffs
The Cement Importers and Agents Association of The Gambia has appealed to the Gambian leader Adama Barrow to reconsider his government’s 180% cement tariffs, indicating that its members have been struggling to recover from the devastating impact of the tariffs on their businesses. The association also clarified that importing cement[Read More…]
Gambians Get Only 4% Of Revenue Generated At Banjul Port – Reveals Lare
Gambians now directly benefit only 4% of the revenue generated at the Banjul Port thanks to the concession agreement that President Adama Barrow’s government entered into with Albayrak Group, a senior opposition figure Lare Sisay highlighted. Sisay, who served with the United Nations for two decades, also highlighted that Albayrak[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…]
GamGo to Venture Into Rice Importation To Make Gambia’s Staple Food Affordable For Population
GamGo has plans in the pipeline to further diversify its investment portfolio by venturing into rice importation, revealed the company’s CEO. Since its founding in 2018 by young entrepreneur Saibo Manneh, GamGo has been diversifying its business interests. The company started as a sole proprietorship, dealing in tiles and construction[Read More…]
Haji Baniko Has No Vested Interest In GamGo/NAWEC Vehicle Contract, Says CEO Manneh
The CEO of GamGo company, Saibo Manneh, has said that NPP executive and financier Haji Baniko Sisoho has no vested interest in the contract that NAWEC awarded to GamGo for the procurement of 26 pickup vehicles. CEO Manneh also explained that Mr Sisoho has no stake in GamGo. Last week,[Read More…]
Cement Importers Guild Responds To Darboe, Assures Competitive Cement Prices If…
As Gambians continue to spend more cash on cement, the Cement Importers and Agents Association of The Gambia has given the assurance that it would anchor cement prices down to acceptable levels if the exorbitant cement tariff is removed. Currently, a bag of cement is being sold in parts of[Read More…]
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