Tag Archives: Gambia

The United Nations Convention on Transparency in Treaty-based Investor-State Arbitration enters into force today

 The United Nations Convention in Transparency in Treaty-based Investor-State Arbitration (“The Mauritius Convention on Transparency”) will enter into force today, 18 October 2017. The Convention has to date been ratified by Canada, Mauritius and Switzerland. None of the ratifying States made reservations and, as a result, the Transparency Rules are now part of the investor-State dispute settlement regime created by investment treaties concluded by those three States. Consequently, the Transparency Rules will apply to investor-State disputes arising under investment treaties concluded by those States before April 2014 in accordance with the conditions set forth in the Transparency Convention and the relevant investment treaties. read more

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IMF SAYS GAMBIA’S VAT IS KILLING THE ECONOMY, BUSINESSES

The International Monetary Fund (IMF) says Gambia’s newly introduced Tax collection system — the Value Added Tax (VAT)- is killing the country’s ailing economy and businesses. “The outlook for the economy is generally favorable for 2013, but there are risks. Real GDP growth is expected to accelerate, if the recovery in crop production is sustained. read more

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RUSSIA SEEKS GAMBIA’S SUPPORT TO HOST WORLD EXPO 2020

60 African countries to participate in the AIM 2013

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GAMBIA: GOVERNMENT BANS SKYPE AND VIBER FREE PHONE CALLS

In a move that is angering Diaspora Gambians and their families back home, The Gambia government on Thursday announced the banning of all local and long distance Skype and Viber free calls in The Gambia–citing what it calls “the major financial loss that government is accruing due to Skype and Viber free calls,” the Freedomnewspaper reports. read more

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Statement by an IMF Mission to The Gambia for Concluding Discussions of the First Review of the ECF Arrangement

BANJUL, Gambia, April 15, 2013/African Press Organization (APO)/ An IMF mission led by Mr. David Dunn visited The Gambia during April 4-10, 2013, to conclude discussions on the first review of the authorities’ macroeconomic and financial program that is supported by the IMF under its Extended Credit Facility (ECF). The mission met with His Excellency President Yahya AJJ Jammeh, Honorable Minister of Finance and Economic Affairs Abdou Kolley, Governor of the Central Bank of The Gambia (CBG) Amadou Colley, and other senior officials.
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GAMBIA LAUNCHES TOURISM INSTITUTE TO TACKLE SKILLS DEFICIT IN TOURISM

ZENITH BANK SHINES DESPITE COUNTRY ‘GRAPPLING WITH BAD DEBTS’

Zenith Bank (Gambia) Limited, a subsidiary of Zenith Bank PLC., West Africa’s biggest and most profitable bank has recorded outstanding results in all indices of financial standing, for its third year of operations in the country, as confirmed in its 2012 audited annual report. read more

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GAMBIA: STAKEHOLDERS BRAINSTORM ON PUBLIC-PRIVATE PARTNERSHIP

In a country where the private sector’s power is stifled by government’s monopoly, any move to break this barrier would be warmly welcome; thus the reason for a recent conclave dubbed ‘Prospects and Opportunities of Public-Private Partnership (PPP) in The Gambia’. read more

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CAMAC Energy Inc. Announces Airborne Gravity and Magnetic Data Acquisition Contract in Kenya

CAMAC Energy Inc. (NYSE MKT:  CAK) is a U.S.-based energy company engaged in the exploration, development and production of oil and gas.   The Company’s principal assets include interests in OML 120 and OML 121, offshore oil and gas leases in deep water Nigeria which include the currently producing Oyo Oilfield, and six recently acquired exploration blocks in Kenya and Gambia. The Company is currently pursuing further additions to its exploration portfolio in East and West Africa.  The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, Kenya, Banjul, Gambia and Lagos, Nigeria. read more

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