Gambia News Archives - Page 6 of 7

IMF visit Gambia, IMF financial assistance

IMF Board Approves US$16.1 Million Rapid Credit Facility for The Gambia

Gambia, Gambia News, Market Information, Press Releases

On 26 June 2017, the Executive Board of the International Monetary Fund (IMF) has approved $16.1 million emergency financial assistance for the Gambia under the Rapid Credit Facility (RCF). The RCF is a lending arrangement that provides rapid financial support in a single, up-front payout for low-income countries facing urgent financing needs. The IMF financial […]

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Gambia Relies on Migrants’ Remittances for 22% of GDP – IFAD reports

Gambia, Gambia News, Press Releases

The Gambian migrants contribute 22% of GDP in 2016 according to a recent report released by the International Fund for Agricultural Development (IFAD) June 2017. The report also confirms Gambia as the 2nd country in Africa that relies on remittance for GDP, just below Liberia (31%). Africa has 33 million migrants, with about one half remaining

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France Bollore pitches for revamp of Gambia’s Port

Gambia, Gambia News

France’s Bollore Group has submitted an offer to develop Gambia’s main port as part of a deal worth hundreds of millions of dollars, three sources familiar with the matter said, as competition for contracts heats up after a change in government. The Banjul port at the mouth of the Gambia River – a key transport

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U.S. Embassy The Gambia $25,000 Grants Program

Gambia, Gambia News, Press Releases

The Public Affairs Section (PAS) of U.S. Embassy Banjul is pleased to announce that funding is available through the Embassy’s Public Diplomacy Grants Program. This is an Annual Program Statement outlining our funding priorities, strategic themes, and procedures for submitting requests for funding. The purpose of Public Diplomacy Grants: Embassy Public Diplomacy (PD) grants are

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ICD Extends $5 Million Line of Finance Facility to AGIB-Gambia

Gambia, Gambia News, Press Releases

The Islamic Corporation for the Development of the Private Sector (“ICD”) (ICD-PS.org), the private sector arm of IDB Group, and Arab Gambian Islamic Bank Ltd (AGIB.gm) have entered into a Joint Strategic Collaboration to finance private sector entities in The Gambia. On behalf of the CEO of ICD, Mr Khaled Al Aboodi, Mr. Mohammed Alammari,

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Gambia Monetary Policy Committee (MPC) – May 2017 Minutes

Gambia, Gambia News, Market Information, Press Releases

The Monetary Policy Committee (MPC) met on May 8, 2017, to assess domestic and international macroeconomic and financial developments, the outlook for the second half of 2017 and decide on the stance of monetary policy. Below are the summary and extracts from the press release. The Domestic Economy Real GDP The domestic economic activity was

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Gambia treasury bills rates and Gambia banking industry

Gambia Treasury Bills Rate Drops Record Low in 4 years.

Gambia, Gambia News, Market Information

For the first time in 4 years, Gambia government borrows at a single digit rate. On Wednesday 5th April 2017, just a day before the parliamentary election, the yield on the 91-day of the Gambia government treasury bills fell to its lowest level within the last four years. A new 9.32%, as per Central Bank

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IMF visit Gambia – Significant economic challenges lie ahead

Gambia, Gambia News, Market Information, Press Releases

IMF Visit Gambia IMF staff teams convey preliminary findings after a visit to the Gambia 30 Mar to 12 Apr 2017. The mission assessed the impact of exogenous shocks that have hit the Gambian economy recently and initiated discussions on providing IMF support through a Rapid Credit Facility (RCF). Economic growth in 2016 is now

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GTBank Gambia Marks 15 Years Anniversary

Gambia News, Press Releases

Banjul, Gambia – March 2017 Guaranty Trust Bank Gambia Ltd, a subsidiary of foremost African Banking Group, Guaranty Trust Bank Plc, is celebrating its 15 years anniversary in the Republic of The Gambia. Established on March 5th, 2002 with the aim of serving the individual and corporate financial needs of Gambians, GTBank Gambia has grown

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Gambia’s Farm Fresh to Compete at the AgriPreneur International Championship

Gambia News

Modou NS Njie of Farm Fresh has been selected to compete at the AgriPreneur International Championship in South Africa from 10 – 15 March 2017 during the Global Entrepreneurship Congress. The New Gambia and indeed all Gambians should be proud of this breakthrough achievement on our journey of entrepreneurship and innovation said Abdoulie M Touray, the Global

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