The Gamiba just signed off on a Framework Agreement to receive US $210 million from the International Islamic Trade Finance Corporation (ITFC), a member of the Saudi Arabia-based Islamic Development Bank (IsDB) Group, for financing over a three year period.
Gambia Tender and Business News
The Regional Energy Co-Operation Summit 2018 coming up January 24-25 in Abidjan, Cote d'Ivoire, is finalizing its agenda.
The United States has allocated a $50,000 (GMD 2.3M) grant to help victims of the August 2017 flooding in The Gambia.
The government of The Gambia just received a US $45 million Murabaha Financing Agreement from The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, based in Jeddah, Saudi Arabia.
The Gambia has just been granted emergency financial assistance under the Rapid Credit Facility (RCF) of the Washington, D.C.-based International Monetary Fund (IMF) in a total amount of SDR 11,662,500, or about US $16.1 million. The financing will be used to address urgent balance of payments needs in the country.
Africa Finance Corporation (AFC), a major pan-African multilateral development finance institution and project developer focuses on infrastructure, just added Kenya as its 15th member nation.
A new competition was just launched to find and support providers of innovative and scalable financial products and services that improve the lives of poor people in rural areas of Africa.
The Gulf of Guinea Interregional Network (GOGIN), a project of the European Union aimed at fighting crime at sea in conjunction with nineteen coastal countries on the African continent, just launched.
The Arab-Gambian Islamic Bank, Agib Bank Ltd. (AGIB.gm), and the Islamic Corporation for the Development of the Private Sector (ICD-PS.org), headquartered in Saudi Arabia, just announced they will be funding private sector companies in The Gambia, thanks to a new Joint Strategic Collaboration agreement between the parties.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
A group of African organizations and international NGOs with a presence in Africa are urging Zambia to reaffirm its membership in the International Criminal Court. They do so saying it is the best way to advance justice for victims of atrocities.
The Economic Commission for Africa ECA recently released its second set of ECA Country Profiles, including 21 different country report. Highlights from the West African group were analyses on Cabo Verde, Ghana, Nigeria and the Gambia.
The Republic of the Gambia just received a $995,000 grant from the Sustainble Energy Fund for Africa (SEFA) to support private investments in Green Mini-Grids (GMG) across the country.
A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.
The Government of Japan just provided a grant of US $1.2 million to the United Nations World Food Programme (WFP). The grant is targeted to provide school meals in the North Bank and Central River regions of the Gambia, and will be delivered over a two-year period.
Mr. Erasmus Philip Ahorlu, an entrepreneur from Ghana, provided targeted training recently on the Timber Legality Assurance System (TLAS) and Voluntary Partnership Agreement (VPA) and their environmental benefits. Master craftsmen and organizational leaders of Small to Medium Forest Enterprises from Gambia, Mali, and Senegal were in attendance.
Effective food security planning cannot just allow agricultural expansion to run rampant across the world's forests and continue to drive massive deforestation on a global scale. A balance must be struck between the needs of the forest and its industries and the needs of agro-business as it works to feed a growing world.
United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.
The Gambia has received a grant for US $1.5 million to prepare a national Strategic Program for Climate Resistance (SPCR). The plan to be development will include programs to help with climate change resilience while reducing issues that make the country more vulnerable to climate change.
The United Nations will undertake a major review of progress made in the world’s 48 Least Developed Countries (LDCs) later this month.
SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.
A new industry report forecasts future trends for the growing worldwide demand for cardiovascular needles. North Amnerica is expected to continue to lead demand for the products, but all regions are seeing increased demand.
The World Health Organization just issued its latest Zika Virus situation report, including maps showing the spread of the virus worldwide and recommendations for those who are or may become infected.
The Bank of Sierra Leone (BSL) in partnership with the United Nations Development Programme (UNDP), United Nations Capital Development Fund (UNCDF) International Growth Centre (IGC) held a three-day West African Sub-regional workshop on mobile financial services and regional inclusion last week.
A 6,830-ton North Korean cargo ship was seized by Philippine government officials as it docked into Subic Bay on March 3. The vessel, its cargo and its crew will be held indefinitely as part of new tougher United Nations sanctions recently approved against the North Korean government.