Press Releases Archives

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

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

Gambia News, Press Releases

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

Gambia, Gambia News, Press Releases

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 Shortlisted for the Africa Prize for Engineering Innovation 2021

Gambia entrepreneurs, Gambia News, Press Releases

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

Gambia News, Press Releases

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

Gambia News, Others Uncategorized, Press Releases

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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