Business

Operatives of the Drug Law Enforcement Agency, The Gambia (DLEAG) on Thursday 7th January 2021 seized 118 bags found to be containing cocaine. The bags are labeled “SAL INDUSTRIAL”. The catch is a total gross weight of 2 tons, 952kg, 850g.  The contact person in The Gambia, one Sherif Njie has been arrested while one Banta Keita, the purported…

Young Gambians, particularly those venturing in entrepreneurship, are not satisfied with the government’s 2021 sectoral budget allocation to their line ministries such as Agriculture, Youth & Sports and Trade, Industry & Employment. The disenchanted youths are of the view that the government does more lip service about youth development…

Almost every year, huge chunks of the loans taken by the government of The Gambia are said to be spent on infrastructures – which barely plough back for repayments. The productive sector and social services certainly bear most of the consequences caused by the Gambia’s rising indebtedness. Meanwhile, the government’s continues to essentially…

International technology group ANDRITZ will supply the electro-mechanical equipment for the new Sambangalou hydropower dam on River Gambia, downstream the Senegalese region of Kédougou, bordering Guinea. The 100 million euros contract for ANDRITZ is expected to be sealed in the second quarter of 2021. The Sambangalou hydropower plant will enable…

Alpha Amadou Sumareh is the top Gambian Local Guiding Star recognized this year as such by Google. He has been endorsed on Google’s Local Business Champion Guiding Stars category by Google Local Guides and got featured on several Google social media platforms.  Local Guides is a global community of explorers who write reviews, share photos,…

Nigerian, Sierra Leonean and many other West African nationals living in The Gambia have expressed discontent over the recent increase on payment of residential permit. The disgruntled foreign nationals believe that the increment was discriminatorily applied and beyond any reasonable basis. It all started after many foreign nationals were…

A consortium led by France’s Vinci Construction has signed a €388m contract to build the Sambangalou hydropower dam in Senegal for the Gambia River Basin Development Organisation, which involves four countries: The Gambia, Guinea, Guinea-Bissau and Senegal. Located in southeast Senegal near the Guinean border, the 91m-high dam on the Gambia…

Did you know it? Gambians can trade stocks and make money while staying home. From his house in Bijilo, Modou Musa, a retired chartered banker is now a passionate daily stock trader. He follows the New York Stock Exchange (NYSE), spots and trade stocks in real time like any trader in America, in Europe or elsewhere in the world. On the 17th of…

The Gambia Music Union has on Monday announced its decision to break ties with the National Centre for Arts and Culture (NCAC). The musicians believe that years after jointly working together with the Centre, time has come to walk their way independently. Speaking at a press conference, Pa Modou Sarr, an interim executive said an independent…

The Monetary Policy Committee of Central Bank of The Gambia has Thursday revealed that the government’s expenditure and net-lending have increased between January and September 2020 to 16.4 billion from D14.5 billion in 2019. The outstanding domestic debt stock has also been increased to D34.8 billion while inflation remains subdued due to less…