Tag Archives: Gambia

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.

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RUSSIA SEEKS GAMBIA’S SUPPORT TO HOST WORLD EXPO 2020

A special envoy dispatched to Banjul by the Russian Federation has disclosed that he came to seek The Gambia’s support in his country’s bid to host the World EXPO 2020 in the city of Ekaterinburg, report the Daily Observer – government’s controlled newspaper.

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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.

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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

The fact that the country is a tourist destination and relies heavily on tourism for its Gross Domestic Product (GDP), the government has over the years being stepping up efforts to transform the country’s tourism sector. Thus, the recent transformation of The Gambia Hotel School to a ‘Tourism and Hospitability Institute’.

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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.

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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’.

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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.

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‘Gambians Don’t Respect Local Government Election’ – IEC Chairman

The chairman of the Independent Electoral Commission (IEC) has told the government-controlled newspaper, Daily Observer, that people in the small West African country “don’t respect local government election”.

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