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Africa Business News

Gambia Tender and Business News

IMF Releases US $16.1M for The Gambia to Meet Balance of Payments Needs

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.

ICD Provides Arab Gambian Islamic Bank with $5M Line of Finance Facility

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.

Zambia Urged to Stay With The International Criminal Court

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.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

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.

SMEs in African Forestry Companies Receive Specialized Timber Business Training

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.

Balancing the Needs of Agriculture and Forestry for Food Security

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.

More Help Needed to Deal with Food Insecurity in the Wake of El Niño

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 Receives US $1.5M Grant for Strategic Climate Change Plan

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.

RMB Reaches Nearly 40% Adoption Across Financial Institutions Worldwide

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.

West African Mobile Financial Services Workshop Concludes

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.

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