Market Information Archives

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

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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Gambia 2019 Budget for Revenues and Expenditures

Gambia News, Market Information

The Gambia 2019 Revenue Budget Total Revenue and Grants for 2019 is estimated at D25.3 billion (28.8 percent of GDP), a 28 percent growth from D19.8 billion (25.3 percent of the old GDP) budgeted in 2018. This is mainly due to an increase in both Domestic Revenue collections and Grant inflows compared to the budgeted

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Gambia’s 2018 Revenue and Grant Decrease by 19.55%

Market Information, Press Releases

The Monetary Policy Committee (MPC) of the Central Bank of the Gambia met on Thursday February 28, 2019 to assess domestic and international economic and financial developments, and to decide on the policy rate. This article provide extracts of some key point from the meeting’s press release. At the domestic front, economic activity continues to

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The Gambia Government Revenue and Expenditures Improves – June 2018

Gambia, Gambia News, Market Information

The recent Central Bank of The Gambia MPC report summarizes developments in key macroeconomic sectors in the Gambia. The publication also gave more details about government revenue and expenditure for the first half year 2018 compared to the correspondent period in 2017. The decision of CBG to share details fn the fiscal activities is a

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IMF Projects 3% GDP Growth for Gambia in 2017

Gambia News, Market Information

IMF Regional Economic Outlook for sub-Saharan Africa projects 3.0 real GDP growth rate for Gambia in 2017 compared to 2.6% for the region. The report was released in Oct 2017, and it discusses the impact of fiscal consolidation on growth and economic diversification within Sub-Saharan Africa. Sub-Saharan Africa (SSA) According to this report, the SSA

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Chinese Billionaire Launches African Young Entrepreneurs Fund -$10 million

Market Information, Press Releases

Alibaba founder and executive chairman Jack Ma announced the creation of a US$10 million African Young Entrepreneurs Fund, during the Youth Connekt Africa Summit co-hosted by UNCTAD and the Government of Rwanda. This is another opportunity for young African entrepreneurs to funds their small businesses and startups. Below is the full press release from the UNCTAD

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Islamic Development Bank Lunches FinTech Islamic Finance Challenge

Gambia News, Market Information

Islamic Development Bank Group launches its 1st competition on FinTech Islamic Finance Challenge, supported by IslamicBanker.com and IE Business School. What is the FinTech Islamic Finance Challenge? FinTech Islamic Finance Challenge is an opportunity to transform your technology-based idea into a social impact finance project. The challenge aims to support creative and innovative solutions that

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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 treasury bills rates. Current and historical rates

Gambia Treasury Bills Rates – Current & Historical

Market Information

We publish the current and historical Gambia Treasury bills rates. The Central Bank of Gambia (CBG) auctions government treasury bills and Sukuk-Al-Salaam bills on a weekly basis. The public can submit tenders through the primary dealers ( mostly the local commercial banks). Below are the recent Yields on the Gambia Government Bills. See more on the historical

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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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