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Gambia: Groundnut Trade Season, Price Announced

By Abdoulai G. Dibba

The National Food Security Processing and Marketing Corporation (NFSC), formerly known as Gambia Groundnut Corporation (GGC), have announced the start of 2017 / 18 groundnut marketing season as well as the farm gate and depot price for groundnuts. The Management of the NFSC asserted that in consultation with Government, the farm gate price for groundnuts for the 2017 / 18 groundnut marketing season is pegged at a subsidized price of D17,300.00 (seventeen thousand, three hundred Dalasi) per ton or D17.30 per kg and that the depot price is set at D18,800 (eighteen thousand eight hundred Dalasi) per ton.

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Finance Minister Signs Multi Million Dollar Project

The Minister of Finance and Economic Affairs Mr Amadou Sanneh yesterday signed a 5 Million dollars project with the African Development Bank (ADB) which is meant for institutional reforms of Government Institutions. Speaking at the signing ceremony, the minister said the new Cabinet members and their technicians are working hard to finalize and align their vision as contained in Coalition 2016 Election Manifesto with the new National Development Plan which seeks to transform the economy of the Gambia into a middle income economy.

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European Investors in Gambia to Explore Business Opportunities

A consortium of European investors, who are on a weeklong visit in The Gambia held discussions with the officials of the Ministry of Trade, Ministry of Energy and Petroleum, Ministry of Local Government and Lands, and as well the permanent secretary at the Ministry of Tourism and Culture for a possible investment in the country. The high-powered delegation, which comprises investors from Norway, Bulgaria and Spain, were well received at the places visited, something that symbolises the openness of the country to investors.

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Talking Business: Unpacking The Gambia’s investment opportunities

How we made it in Africa speaks to Gilbert Gomis, country manager of DHL Express in The Gambia, about the country’s economic prospects and business opportunities.

Describe your outlook for The Gambia’s economy over the coming five years.

The outlook for The Gambia’s economy is optimistic, with a recovery in agriculture and gains in tourism expected to support GDP growth. Real GDP is anticipated to grow by an average of about 5% from 2017 to 2021. With a new government in power since January 2017, improvements are expected in human rights and the rule of law. This has resulted in pledges of support from the international community and assistance has started coming in. Investors have also started to exploit opportunities.

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