News Article

The Gambia Opens mini-licensing round for block A1 after BP exited

On the 27th October 27 2021 in Dubai, the Ministry of Petroleum and Energy, The Gambia, has announced that it will be opening a mini-licensing round for Block A1 at Africa Oil Week (www.Africa-OilWeek.com) on 8 November 2021. This follows the success of the licensing round for drill sites in 2018. Granted initially to BP […]

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IMF Forecasts Gambia Economic Growth at 4.9% in 2021

22nd September 2021 – Washington, DC A team from the International Monetary Fund (IMF), led by Mr. Ivohasina Fizara Razafimahefa, Mission Chief for The Gambia, held a virtual mission with the Gambian authorities during September 9-22, 2021 to conduct the 2021 Article IV consultation and discuss the third review of The Gambia’s economic program supported

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Fatou Juka Darboe Wins Runner-up of the 2021 Africa Engineering Innovation

Gambian innovator, Fatou Juka Darboe puts the country on the map in the world of engineering in the Africa Prize Engineering for Innovation (APEI) – UK Royal Academy of Engineering. She is a runner-up of the 2021 Africa Prize for Engineering innovation. Fatou Juka Darboe wins £10,000 for Make3D Medical, which uses 3D printing to create customised

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Gambia’s Lamin Barrow Leads the African Development Bank Nigeria Office

The African Development Bank Group announces the appointment of Mr. Lamin BARROW as Director-General, Nigeria Country Office, effective 1st July 2021. Mr. Lamin Barrow, a Gambian national, joined the African Development Bank in 2000. Prior to his appointment, he was Acting Senior Director, Nigeria Country Office, in the Regional Development, Integration & Business Development Vice

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Gambia’s Fatou J Darboe among Africa’s Engineering Award Finalists

Fatou Juka Darboe, a Gambian engineer and founder of Make3D Medical is among the finalists for the Africa Prize for Engineering Innovation 2021. The four finalists – three of whom are women – from Côte d’Ivoire, Nigeria, South Africa, and The Gambia were selected from a shortlist of 16 African innovators for their ability to

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Fatou Juka Darboe Shortlisted for the Africa Prize for Engineering Innovation 2021

Fatou Juka Darboe, a Gambian mechanical and electronics engineer is shortlisted for the Africa Prize for Engineering Innovation 2021! The Africa Prize, run every year by the UK’s Royal Academy of Engineering, awards crucial commercialisation support to ambitious African innovators who are transforming their communities through scalable engineering solutions. 2021 shortlist represents nine countries including,

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Seedstars Reimagines its World Competition Online: 2020 Applications are Open

The world’s largest competition for the most innovative entrepreneurs in emerging markets. Seedstars, the Swiss-based private company with a mission to impact people’s lives in emerging markets, is happy to announce that its Seedstars World Competition 2020/21 will be held exclusively online. Following the success of its Online Seedstars Summit on April 3rd, 2020, the

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Fintech

Financial Management for Small Businesses during Crisis

As a result of their survey finding, Startup Incubator Gambia is conducting a series of webinars to provide support entrepreneurs with insights to navigate through the current crisis. Business in Gambia team supported the initiative with a webinar session on Financial Management strategies for businesses during crises. You can view the complete presentation below in

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IMF Approves $21.3 million & Debt Relief for Gambia to Fight COVID-19

15th April 2020, the Executive Board of the International Monetary Fund (IMF) has approved a disbursement of SDR 15.55 million (about US$21.3 million or 25 percent of its SDR quota) for The Gambia under the Rapid Credit Facility (RCF). The financing provided under the RCF will help the country meet its urgent balance-of-payments (BOP) need as

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world bank

COVID-19 – World Bank Approves $10 million for Gambia

Washington, April 2, 2020 – The World Bank Board approved today a $10 million grant from the International Development Association (IDA)* for The Gambia to provide emergency assistance in the face of the global COVID-19 pandemic. The COVID-19 Response and Preparedness Project will enhance case detection, tracing, and reporting, as well as provide equipment to isolation

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