Business

The Gambia government has signed a loan and grant agreement with the European Investment Bank to improve country’s power supply through renewable energy at the tune of 106 million Euros. The loan amounting to 65 million Euros is payable within 25 years, while the grant is at the tune of 41 million Euros. The deal was signed on Monday in…

The internet is quickly changing the face of commerce in The Gambia. With a young population – a huge number of them tech savvy and well-connected to internet through smart phones, more and more people are opting for electronic commerce or e-commerce as it delivers a comprehensive range of benefits to retailers and merchants. Today, the number…

Poultry farming is becoming one the biggest business opportunities for young Gambians. This is thanks mainly to the locals’ growing appetite for chicken and eggs. Across restaurants and fast food chains, spicy chicken wings and fried chicken are always popular picks on the menu. Over the last five years, a growing number of young people have…

Ansumana Jarju, the Alkalo (village head) of Masembeh village in Kiang was at home when he heard on radio that the foundation stone for the long-awaited OMVG Energy Interconnection sub-station would be laid in Soma. His immediate reaction was to jubilate, with his family. “It was big news. We were just celebrating, embracing each other and…

Before The Gambia gained independence, the business sector was largely dominated by a few companies owned by Europeans. This explains the monopoly of companies such as CFAO and Banjul Trading Company. By the 1940s and 50s, almost all the import and export businesses were in the hands of these companies. At the time, the British favoured European…

The Gambia will allow European Union member states to use fishing trawlers to catch tunas and hake fish on its waters, in exchange for financial and capacity development assistance. The agreement was signed between The Gambia and the EU in October 2018, under the protocol of Sustainable Fishing Partnership Agreement (SFPA). It licenses the EU…

Fatou Saine Gaye started her entrepreneurship in 2007 with Njorro Hair Plus, a hair dressing salon. Two years later, she transformed the salon into a skills training center for girls and young women to learn hair dressing, beauty cosmetology and massage therapy. It started with 14 students, all of whom are currently either employed elsewhere or…

Newspaper business was once profitable in The Gambia. This was before the advent of the social media. The biggest chunk of newspaper revenue comes from advertisement and there were advertisements all the time. The other chunk of revenue is from physical newspaper sales and people were buying as if their lives depended upon copies of newspapers.…