The Gambia ups stake in Shelter Afrique with US$19,200 additional capital payment

KENYA – The Government of Gambia has increased its stake in Shelter Afrique to 0.27% following payment amounting to US$19,218.96 in additional capital. The Gambia is now the 11th country to increase its stakes in the pan-African housing development financier Kenya, Tanzania, Cameroon, Mali, Rwanda, Uganda, Togo, Swaziland, Ivory Coast, and the Democratic Republic of Congo. “We thank the government…

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Gambia receives US$8 million grant from IFAD, AFD to boost food security

GAMBIA – The French Development Agency (AFD) and the International Fund for Agricultural Development (IFAD) have signed a €7 million (US$8m) grant agreement to support the implementation of the “Resilience of Organizations for Transformative Smallholder Agriculture” (ROOTS) project in Gambia. The project aims to improve food security, nutrition and smallholder farmers’ resilience to climate change in the West African country.…

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Consulting firm Andersen Global partners Payce Consulting in its expansion plan

GAMBIA – Andersen Global, an independent firm, provides a wide range of tax, valuation, financial advisory and related consulting services to individual and commercial, has partnered with Payce Consulting, a firm of Chartered Certified Accountants, Registered Auditors and Business Consultants, adding dimension to the organization’s existing presence in The Gambia. Payce Consulting, founded in 2014 by Partner Paul Gaye, serves…

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Gambia launches US$23m electricity project to benefit 685 communities

GAMBIA – The Gambian Vice President has laid the foundation stone for the Greater Banjul Area (GBA) Transmission and Distribution Modernisation Project at the Salagi Forest Park which is part of its plan to meet the target of Energy for all. The project is co-funded by the World Bank, European Union, and European Investment Bank as part of The Gambia’s…

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Britain funds installation of solar powered cold rooms for vegetable vendors in Gambia

GAMBIA – The British government in partnership with Gambia’s Kanifing municipality has launched a project to set up solar powered cold rooms for vegetable preservation in the markets of this city in the west of country. The aim of British funded initiative is to reduce food loss, contribute towards food security in the small West African nation and encourage women…

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Gambia secures US$66 million from World Bank, ECOWAS to improve electricity

GAMBIA – The Republic of Gambia has secured a total of US$66 million from the World Bank and ECOWAS Regional Electricity Access Project to improve access to electricity for its people. The ECOWAS Regional Electricity Access Project (ECOREAP) is a US$225 million programme providing funding to Gambia, Guinea Bissau and Mali. According to African Energy Portal, The Gambia is the…

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The Gambia inaugurates fish feed mills and aquaculture facility funded by FAO

THE GAMBIA – The government of The Gambia, through the Ministry of Fisheries, Water Resources and National Assembly Matters, has inaugurated fish feed mills and aquaculture facility worth US$442,000 funded by the United Nations Food and Agriculture Organisation (FAO). The project under the Technical Cooperation Programme (TCP) on ‘Support to Enhancing the Capacity of Youth and Women for Employment in Aquaculture’ is…

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Gambia secures US$43M from IDA for the electricity project

GAMBIA – The government of the Republic of The Gambia has received US$43 million worth of funding from the International Development Association (IDA) to support the implementation of its Electricity Restoration and Modernization Project abbreviated as GERMP. The GERMP project whose total costs is estimated to be over US$121 million is also financed by the European Union (EU) and the…

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AfDB to support ECOWAS countries to bolster response on COVID-19

WEST AFRICA – The African Development Bank’s Board of Directors has approved US$22.4 million for emergency project in support of three, low-income ECOWAS nations, Gambia, Mali and Niger, to bolster their health systems in response to the COVID-19 pandemic.   Part of the funding, US$9.55 million, will provide screening tests, laboratory equipment, ventilators and personal protective equipment for medical personnel in the…

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IMF to consider Gambia’s request for US$48m Extended Credit Facility

GAMBIA – The International Monetary Fund (IMF) has said that after a review of Gambia’s structural agreements, it has agreed with the country’s authorities on policies underpinning their request for an Extended Credit Facility worth SDR 35 million (about US$48 million). IMF noted that Gambia has built a positive track record of performance and advanced the structural reform agenda under…

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