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 the public and private sectors at the local and international level including financial institutions, education, industrial and commerce, transportation, fish processing and export, hotel and leisure, seaport, energy, agriculture, information…

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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 Electricity Restoration and Modernisation Project (GERMP) at a total project cost of US$23 million, with the contract awarded to TBEA, a Chinese company. Fafa Sanyang, the country’s Minister of Petroleum…

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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 to enter the vegetable trade. To this end, several markets in Kafing Municipality will be equipped with solar powered cold rooms- which are more economical to run compared to diesel…

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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 only country that received a whole grant for its electricity project. This grant, according to a report by Africa Energy Portal, will provide extension to distribute the OMVG 225kv transmission…

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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 aimed to create new jobs, generate revenue and foreign exchange in the country, reports The Point. According to James F.P. Gomez, Minister for Fisheries, Water Resources and National Assembly Matters, the…

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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 European Investment Bank (EIB).  GERMP was approved back in 2018 and its main objective is to increase the availability and reliability of solar electricity. Upon completion, the project is also…

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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 three countries.   The remaining US$12.83 million will be used to strengthen and integrate the health systems of Gambia, Mali and Niger to better address the pandemic. It will help to coordinate…

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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 the 2019 Staff Monitored Program (SMP). “The Gambia’s performance under the 2019 SMP has been strong. Quantitative targets, including on domestic borrowing by the government and on poverty-reducing spending were…

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Gambia, Senegal, Guinea-Bissau to benefit from USDA funded Cashew Value Chain Project

WEST AFRICA – The United States Department of Agriculture’s (USDA) Food For Progress (FFPr) Regional Cashew Value Chain Project is implementing a US$38 million, six-year project in The Gambia, Senegal, and Guinea-Bissau. USDA says that the project will enhance the regional cashew value chain to improve the trade of processed cashews in local and international markets.  Facilitating the processing of cashew nuts within the region will create new jobs and increase incomes. During the launch, the United States was represented by both the U.S. Ambassador to The Gambia, Richard Carlton…

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