News Article, Author at Business In Gambia

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

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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Decentralized Power Generation in Rural Electrification in Africa

Analysis and Opinion

Think about a time when your electricity went out. As you sat in the dark, maybe you wondered how long it would be before you could power up your computer again. Or perhaps you considered what you could make for dinner that didn’t require cooking. Many people in Africa don’t need to imagine such a

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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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Binance Adds Gambian Dalasi to Its P2P Platform. What does this mean?

Cryptocurrencies, Gambia News

Binance, a leading Blockchain ecosystem and Cryptocurrency infrastructure provider, has announced its support for more African currencies, including the Liberian Dollar (LRD), Sierra Leonean Leone (SLL), Gambian Dalasi (GMD), Mauritanian Ouguiya (MRO), and Cape Verdean Escudo (CVE). The move is part of Binance’s ongoing efforts to expand its product offerings and bolster its presence on

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GCCI Elects New Board of Directors at its Annual General Meeting

Gambia, Gambia News

On 2nd September 2022, The Gambia Chamber of Commerce and Industry (GCCI) successfully concluded its Annual General Meeting (AGM) at the Sir Dawda Kairaba Jawara Conference Center. The 2022 AGM is special as it is also a year in which new Directors are elected into office. The AGM highlighted various projects and initiatives by GCCI, including the EU

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Central Bank of the Gambia on the divestiture of SCB interest in the Gambia

Press Releases

The Central Bank of the Gambia has issued a press release on the Standard Bank Plc’s decision to divest from the Gambia. Below is the full press release: 15th April 2022, Banjul The Central Bank of The Gambia is in receipt of correspondence from Standard Chartered Bank Gambia Ltd, conveying Standard Chartered Bank Group’s decision

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Standard Chartered Bank intend to leave the Gambia after 128 years of Operations

Gambia News, Market Information

Standard Chartered Plc, a major international bank has announced it intends to exit operations in The Gambia as well as Angola, Cameroon, Zimbabwe, Jordan, Lebanon, and Sierra Leone. Additionally, In Tanzania and Cote d’Ivoire, the Consumer, Private and Business Banking businesses will be exited and the focus will turn solely to Corporate, Commercial and Institutional

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The Gambian Petroleum and Energy Ministry Launches RFP for A1 Licensing Round

Gambia, Gambia News, Press Releases

The Gambia, 07 February 2022: The Ministry of Petroleum and Energy, The Gambia, has officially launched the licensing round for Block A1. The Request for Proposal (RFP) is now available for download on the Ministry of Petroleum’s (Ministry) website. Granted initially to BP in 2019, Block A1 became available in August 2021 after the company exited

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Gambia Secures $40 Million for an Inclusive, Resilient and Competitive Agriculture

Gambia, Gambia News, Press Releases

WASHINGTON, November 24, 2021– The World Bank Board approved $40 million from the International Development Association (IDA)* to promote the development of inclusive, resilient, and competitive agricultural value chains, with a specific focus on smallholder farmers and agribusinesses in The Gambia. The Gambia Inclusive and Resilient Agricultural Value Chain Development Project (GIRAV) will promote the development of key

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Olusegun Obasanjo heads to The Gambia as Commonwealth Election Observer

Press Releases

Former President of Nigeria Olusegun Obasanjo will lead a Commonwealth team tasked with observing The Gambia’s Presidential Election scheduled for 4 December 2021. Following an invitation from the Independent Electoral Commission of The Gambia, and the visit of a pre-election assessment team in October, Secretary-General Patricia Scotland announced the deployment of the nine-person Commonwealth Observer

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