Business

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]

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]

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]

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]

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]

The Gambia's first ever Investment Bank, BSIC Gambia limited, on Monday, was officially inaugurated at its Head Office on Kairaba Avenue, opposite the Fajara War Cemetery. Banque Sahelo-Saharienne pour L'invetissement et le Commerce- (BSIC) Gambie Limited, otherwise called Sahelo-Saharienne Bank ... [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]

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]

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]

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]

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]

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]

Shareholders of Trust Bank Gambia Limited have realised significant growth in their equity and dividend yield as the bank has made substantial net profit of D116 million for the year ended 31 December 2006 due mainly to prudent and efficient ... [Gambia News]

Access Bank The Gambia Limited on Thursday launched a new product tagged M-power at the Senegambia Beach Hotel. M-power is a tailor-made payroll salary account product, which is designed to benefit companies and their employees, through an automated payment ... [Gambia News]

Slok Air International Gambia Limited was recently awarded the Best West African Customer Friendly Airline for 2007 by the prestigious Institute of Direct Marketing in Nigeria. “The award,” according to a media release from the company, “is a welcome endorsement of ... [Gambia News]

The European Commission project to support the Gambia National Transport Plan has taken off the ground with the signing of contracts with the Gambian govt. to rehabilitate and upgrade the trunk road in Barra-Amdallai, Mandinaba-Seleti, Soma-Basse, Basse-Wellingara and the Trans ... [Gambia News]

The Chief Executive Officer of War Room, a Nigeria-based leading branding company, Mr Joko Okupe, accompanied by a high profile team of his company, stormed The Gambia on Tuesday to start operation in the country shortly.  Speaking to newsmen after their ... [Gambia News]

The leading Iranian diesel automotive manufacturer, Iran Khodro Diesel (IKD), says it will export heavy and commercial vehicles to Gambia. Deputy managing director of IKD for export affairs Ali Ebrahimi and Gambia's Foreign Minister Bala Garba Jahumpa signed the $ ... [Gambia News]

Reliance Financial Services, a major financial intermediary in The Gambia that is out to help small businesses grow, has hit the bull’s eye again. It has also opened a new financial services kiosk at the Serekunda Market to render effective ... [Gambia News]

Overseas property company Homesgofast.com believes the tiny West African state of Gambia could be the next hot destination for ambitious investors. The online property portal is offering off-plan investment opportunities on the sun-drenched Gambian coast, and is recruiting agents to ... [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 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]

The Gambia's Minister for Finance and Economic Affairs, Mousa Bala Gaye, has presented the 2007 budget estimates before deputies in parliament. The budget was a total departure from the expectation of poverty-ridden Gambians who have been yearning for price hikes of basic commodities to come ... [Gambia News]

In line with its proven image of being an innovative institution, Guaranty Trust Bank (Gambia) Limited has introduced a new product into The Gambia market named Guaranty Trust Bank Bankers Acceptance (GTB BA). GTB BA is a short-term ... [Gambia News]