Africa > West Africa > Gambia > Banking / Investment

Banking / Investment in Gambia

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • We live in a region with strong growth

    BENIN, 2016/08/18 Turnover on West Africa’s BRVM bourse additional than doubled over the completed year, reaching 209.26 billion CFA francs ($362.2 million) in late May. “We benefited from a favorable context. We live in a region with strong increase,” Edoh Kossi Amenounve, the manager of the stock exchange told reporters on Tuesday.
  • ECOWAS Bank to focus on economic growth

    BENIN, 2015/07/28 The ECOWAS Bank for Investment and Improvment(EBID) says it would continue to focus efforts on providing support to private and public sector initiatives to grow the economies and create jobs in the sub-region. Mr Bashir Ifo, EBID President, said everything would be done to lift the people out of poverty and transform their economic situation. Evidence of this, he said could be seen from the bank’s assistance in areas of infrastructure, agriculture and private sector development.
  • Gambia, The Rising Investment

    GAMBIA, 2015/05/14 It could be argued that the majority direct impact of infrastructural development on the economy is a trickle-down result. And arguably, investment is the majority immediate economic good of a national economy. In essence, all by itself, infrastructural development may not be instantly economical on the country, but through some inherent factors, it breeds economic increase. One significant factor is investment . Though the empirical evidence on the existence of positive productivity externalities is sobering, there is a widespread belief part policy makers that investment in particular generates positive productivity effects for a country.
  • EXIM-Bank-of-India.jpg

    INDIA, 2014/11/05 The Gambia government last week signed a US$45 million transaction with the Indian government for a financing facility with the Export-Import Bank of India for electricity expansion and replacement of the asbestos water-pipe network in the Better Banjul Area, an official release has announced. In his remarks on the occasion, Exim Bank deputy managing director Debasish Mallick said he was satisfied with the evolution being made in the implementation of the bank-financed projects in the country so far.
  • Gambia investment in healthcare, education and immunisation,

    GAMBIA, 2014/02/06 A US diplomat has hailed the Government of Gambia for its investment in healthcare, education and immunisation, PANA reported from here Wednesday. Bisa Williams, Deputy Assistant Secretary at the US Department of National, who is as well the US Ambassador to Niger, told journalists here that investments in health and education are significant to helping all Gambians achieve prosperity and contribute to the in general development of the country. “The United States will continue to partner with The Gambia to achieve our collective goals in these areas,” said Williams, who is on a four-day visit to the country aimed at strengthening the long-standing bilateral relationship between the two nations.