Business

The Shareholders, Board, Management and staff of Reliance Financial Services Company Limited (Reliance) have great pleasure to inform the general public that the Central Bank of The Gambia on 11 December 2006 granted a full Non-Bank Financial Institution licence under ... [Gambia News]

Guaranty Trust Bank (Gambia) Ltd is five-year-old today 5 March 2007, having commenced operations in The Gambia on 5 March 2002. This milestone anniversary is coming barely weeks after this Gambian subsidiary of Nigeria’s Guaranty Trust Bank plc became a direct ... [Gambia News]

The Gambia will this year see the commencement of three new banks from the sister Republic of Nigeria. They are Zenith , Oceanic and Sky banks, all being leading banks in Nigeria with substantial equity that will add value to ... [Gambia News]

The government of The Gambia has issued a statement giving a 72-hour notice to the management of Spectrum to provide information to the government regarding the financial status of Gamtel/Gamcel since they took over its management. The statement, according ... [Gambia News]

In its never-ending quest to reach the length and breadth of The Gambia, Guaranty Trust Bank (Gambia) Limited has opened a new branch in Kanifing. The branch, situated at Jimpex along the ... [Gambia News]

In line with its strategic intent to build a model global banking franchise that will create superior value for all stakeholders, Bank PHB last week launched its brand in The Gambia. This follows the bank’s 100% acquisition of an existing bank in The ... [Gambia News]

The Central Bank of the Gambia has observed that there was an "acceleration in inflationary pressures with the forecast for inflation now set to exceed the end December target by 6 per cent," APA learnt here. Consequently, the bank announced that its ... [Gambia News]

Galp Energia SGPS said it has agreed to acquire Royal Dutch Shell's petroleum products distribution business in Mozambique, Swaziland and Gambia for a total enterprise value of $55 million. In a statement, Galp ... [Gambia News]

Gambia's minister of trade , industry and employment, Mr. Abdou Kolley, on Friday called for better investment climate it the West African country in the face of keen competition around the globe to attract investors. ... [Gambia News]

The Central Bank of The Gambia has on Friday announced that it is increasing the minimum capital requirement for banks operating in the country. According to the release containing the information, the increases are being carried out in two stages; firstly, by ... [Gambia News]

Inflation in The Gambia went up to 6.9% at the end of January, up from 5.4% for the same period last year, Mr. Mod o u Bamba Saho, Governor of the Central Bank of The Gambia, announced here ... [Gambia News]

Eric Sheppard sees The Gambia as an emerging market ripe for investment by Virginia businesses in the United States. On April 25, Sheppard will hold a seminar on doing trade in West Africa, specifically The Gambia — a country ... [Gambia News]

The Kuwait Fund for Arab Economic Development (KFAED) and Gambia on Friday inked a loan agreement worth nearly USD 11 million The deal, which was signed in the Gambian capital, Banjul, is meant to contribute to completing the ... [Gambia News]

The Governor of Gambia's Central Bank, Momodou Bamba Saho, on Saturday said the country's macro-economy was on track and that the International Monetary Fund (IMF) successfully completed the fifth review of the country's Poverty Regulatory Growth Facility arrangement in August. Briefing the press, ... [Gambia News]

The effective participation of the Least Developed Countries (LDCs) is always constrained by inadequate institutional and human capacity not only to participate in trade negotiations, but also to increase their ability to have access to markets for export, The Gambia’s ... [Gambia News]

The Gambian economy will expand this year at a faster pace than previously forecast, aided by strong growth in agriculture, the International Monetary Fund said in a report dated Nov. 5. Gross ... [Gambia News]

The high cost of electricity and taxation in the Gambia Tuesday caught the attention of both government and the private sector as the duo held a one-day open dialogue, co-organised by the Ministry of Trade, Employment and ... [Gambia News]

Australia-based GB Energy has received a preliminary offer from the Republic of Gambia to explore two offshore oil and gas blocks covering a total area of 2500 square kilometres. Blocks A2 and A5 are located in 200 to 700 metres ... [Gambia News]

GB Energy announced that after it had received a letter of offer from the Commissioner of Petroleum, Republic of The Gambia, for two oil and gas blocks offshore The Gambia, the company and the commissioner have been unable to finalise the licence agreement ... [Gambia News]

A Senegal-based Indian agricultural company, Omega Agric and Infrastructure, plans to invest US$15 million in The Gambia’s agricultural sector, APA learns here on Wednesday. The Director of Omega Agric and Infrastructure, Sheckan Rabade, said "we are giving a practical module to the ... [Gambia News]

Arik Air, a new airline from Nigeria, will start operating in Banjul from Wednesday, the airline’s General Manager, Sales and Marketing, Suraj Sundaram, said on Tuesday. According to him, the airline will fly from Nigeria ... [Gambia News]

Central Bank of The Gambia (CBG), has issued operating license to Nigeria’s Oceanic Bank to operate in The Gambia. Oceanic Bank (Gambia) Limited, according to a release from The Gambian apex bank, is a subsidiary of Oceanic Bank plc. in Nigeria, with ... [Gambia News]

Gambian Minister of Finance and Economic Affairs, Abdou Kolley, said here on Wednesday that the fiscal position of the country witnessed some drawback largely because of unplanned expenditures in the second quarter of 2009. He said the slip resulted ... [Gambia News]

The Divisional Chief of Finance and Treasurer of the Islamic Corporation, Mr. Seedy Keita, has disclosed the Royal Atlantic Residence Company was set to invest a capital of US$ 47 million in the Gambia. Keita said after one year of consultations and ... [Gambia News]

he Gambia Chamber of Commerce and Industry is visiting the Senegalese capital Dakar to drum up business between the two countries. The president of the chamber, Bai Matarr Drammeh, is leading the 12-member delegation to Senegal to discuss ... [Gambia News]

Ms. Haddijatou Scattred Janneh, the Marketing Managress of Commit Company Limited, a Communication and Information Technology enterprise has told journalists that her company is bridging the digital divide. He said they have the best and most affordable products in the technology market. Mrs. Janneh made this ... [Gambia News]

Mam Cherno Jallow, the Chief Executive Officer of The Gambia Chamber of Commerce and Industry, has said that the prices of basic commodities would reduce gradually, since the currency market is still volatile. "You don't expect all prices to reduce at ... [Gambia News]

Courtesy of Foroyaa, Gambia : The dalasi is appreciating daily, while other foreign currencies are depreciating daily. The press release of the Central Bank states that "the strengthening of the Dalasi reflected improved macro economic fundamentals including robust output, growth, increased ... [Gambia News]

Gambia's economy is expected to grow around 7 percent in 2007, boosted by a rise in agricultural production and an expanding services sector, the West African country's central bank said on Monday. Banking, tourism and telecoms as well as a booming ... [Gambia News]

Lamin Fatty, Foroyaa Information reaching Foroyaa has confirmed that GAMCOT, the only Cotton Company in The Gambia, owe farmers over one million dalasis. Mr. Danso, the Manager of the Cotton Company, who spoke to this reporter at his office in ... [Gambia News]

The Executive Board of the International Monetary Fund (IMF) has completed the first review of The Gambia's economic performance under a program supported by a three-year Poverty Reduction and Growth Facility (PRGF) arrangement. In completing the review, the Board approved ... [Gambia News]

Senior Liberian senator, Prince Yormie Johnson, was on Monday received by the Speaker of the Gambian Parliament, Fatoumata Jahumpa Ceesay, in her office in Banjul. Johns is on a business trip on behalf of Uniglobal Gambia Ltd. to ... [Gambia News]