Business

The Supreme Court of The Gambia has this Tuesday heard a motion for injunction in the legal suit filed by Civil society organizations (CSOs) in The Gambia as an attempt to stop the disbursement of a D54 million National Assembly members’ self-catered loan. The case is adjourned to January 26th 2021. The civil suit is filed by Gambia Participates…

The Executive Board of the International Monetary Fund (IMF) on Friday approved the disbursement of about $28.8 million to the Gambia to help meet the country’s financing needs and support social spending as well as the post-pandemic recovery. IMF said the COVID 19 pandemic continues to represent a significant challenge to The Gambia’s economy.…

The Chronicle has learnt that before the big seizure of nearly three tons of cocaine, the agents of the Drug Law Enforcement Agency, The Gambia (DLEAG) operating in the Kombo North Divisional Command laid hand on huge quantities of hashish at old Yundum and Brusubi Phase one, respectively. It all began when the special operation squad of DLEAG…

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…