Central Bank of The Gambia forex market reforms

How The Gambia Can Fix Its Forex Market: Lessons from Nigeria’s Naira Reform

Analysis and Opinion, Gambia

A Market in the Shadows Like many developing countries, The Gambia’s foreign exchange (FX) market is under persistent pressure. Our imports continue to far exceed exports, creating chronic trade deficits. Business owners routinely complain about uncertainty in accessing hard currency to pay suppliers, while individuals face fluctuating rates from one trader to another. So, what […]

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Afreximbank and the Fitch Downgrade: The Stakes Are Bigger Than a Credit Rating

Analysis and Opinion

05th June 2025, Fitch Ratings downgraded the African Export-Import Bank (Afreximbank) to BBB-, one notch above junk status, and placed it on a negative outlook. For many casual observers, this may seem like just another technical adjustment in the complex world of credit ratings. But the implications of this move—both for Afreximbank and for Africa’s

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Why Lending Money to Friends and Family Is Often a Bad Idea

Analysis and Opinion, Borrowing, Investing, Personal Finance

In December 2024, while scrolling through Facebook, I came across a post by a young Gambian woman living in the diaspora—let’s call her “Mato” for privacy’s sake. Mato publicly declared her 2025 resolution: she would no longer lend money to friends or family. After extending sizeable loans throughout 2024, many of which went unpaid and

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Lending to Friends and Family: A Poll Reveals the Hidden Strain on Relationships

Analysis and Opinion, Borrowing, Investing, Personal Finance

Lending money to friends and family is common worldwide, often motivated by goodwill and a desire to help loved ones in need. However, while the intention behind such loans is usually positive, the reality can be far more complicated. A recent poll to understand whether lending money to friends and family impacts relationships has revealed

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outsourcing tax filling

Tax Reforms in The Gambia’s 2025 National Budget

Gambia News, Savings, Taxation

The Gambia’s 2025 national budget unveils transformative tax reforms to modernize the fiscal system, expand the tax base, and promote equity. These changes are effective from January 1, 2025. This article provides summary points on the key changes. Key Tax Reforms Withholding Taxes Expanded to cover contractors, suppliers, and consultants, with rates of 10% for

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How to Analyse the Market for CFD Trading

Others Uncategorized

In today’s ever-evolving financial landscape, Contract for Difference (CFD) trading has gained significant popularity among traders seeking to capitalise on price movements across various financial markets. Unlike traditional trading methods, CFDs allow traders to speculate on the price movements of assets such as stocks, indices, commodities, and currencies without owning the underlying asset. However, success

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Six Tips to Boost Work Environment and Employee Morale

Management, Small Business

One area of concern for managers in various organizations is employee morale. Many managers wonder what steps they can take to boost employee morale. While it might seem insignificant, low employee morale can significantly impact overall efficiency. The State of the Global Workplace: 2022 Report shows that around 65% of the United States workforce needs to

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Gambia along EU, EIB & WB inaugurates historic 23 MWp solar plant

Gambia News, Press Releases

Gambia, 22 March 2024 Gambia: strong international support for a new era of renewables with the inauguration of a historic 23 MWp solar plant A significant strategic project with strong substantial economic and social impacts, the recently inaugurated solar photovoltaic plant in Jambur is poised to supply electricity to approximately 18,500 households. This power plant

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