African business Article / business Blog

Guinea Bissau Farmers to Sign MoU with Gambia to Promote Regional Integration, Free Movement

Guinea Bissau Farmers have taken a step to sign a Memorandum of Understanding (MoU) with National Farmers Platform of The Gambia in a bid to promote regional integration and free movement of goods and people in the sub-region. The Bissau delegation's objective was to collaborate with farmers' organizations in the country in the area of farming, trade and other areas. The event was held at the National Agricultural Research Institute (NARI), Brikama. The Presi

article : Business
Government Reduces Ferry Crossing Fees By 50% Amid "Tobaski" Feast

The Government has reduced the fees for ferry crossing by 50%, and all livestock dealers with more than five (5) animals are required to transport their animals in a vehicle during the ferry crossing, the trade ministry said in a statement. This development came after the Ministry of Trade, Industry, Regional Integration and Employment had a consultative meeting on July 6 th , 2021with all the relevant stakeholders in the livestock sector. The objective of the meeting was

article : Business
Agriculture Ministry Inks $3 Million Contract With Microfinance Institutions

The Ministry of Agriculture on Friday signed a three million dollars ($3 million) contract agreement with Supersonicz Financial Limited and The Gambia Teachers' Union Islamic Cooperative Credit Union. The signing ceremony was held at the Small Ruminant Production Enhancement Project (SRPEP) Conference Hall in Brusubi on 6th July 2021. Speaking on behalf of the Minister for Agriculture, the Permanent Secretary for the aforesaid ministry Mr. Hassan Jallow, said the facilit

article : Business
28 Youth Trained On Small Ruminant Productions

The Institute Marques de Valle Flor (IMVF) has on Thursday 1st July 2021 concluded the training of 28 young people on Small Ruminant Productions, Business Management and Marketing at the department of livestock services in Abuko. The training was part of the agribusiness support provided by the "Tekki Fii" project which intends to support agro-entrepreneurs to expand the existing business and to create jobs, as well as create new businesses. The project "Building a Future

article : Business
Fuel Prices Increase Again

The prices of fuel have increased again as of first (1 st ) July 2021. The price of petrol has increased from D56.11 to D57. 86, while diesel rose from D53.42 to D55.42. In the past 2 years, fuel price changes almost at the first day of every month and the same trend continues as 2021 began. Commercial drivers have been clamouring in the past years and still calling for the government to make the price of fuel reasonable and stable. In Foroyaa's latest report

article : Business
Transport Union President Says Fuel Increment Challenging To Drivers

Omar Ceesay, President of the Gambia Transport Union, has said that the increase in fuel price is challenging to drivers. Speaking in an exclusive interview, Ceesay said it has been realized that at the end of every month, there will often be a change in the price of petrol and diesel. "This has a very negative impact on our daily activities, especially during our working hours as drivers," he said. On Tuesday 1 st June 2021, the price of petrol increased fro

article : Business
Organization Urges Gov't To Act Against Price Hike On Essential Commodities, Transport Fares

The Organization for Peace and Humanitarian Assistance (OPHA) has on Friday 4 th June 2021 called on the Gambia Government to take steps towards addressing price hike on essential commodities and transport fares in the country. James F. Mendy, the coordinator of the organization, said the government needs to take steps in order to mitigate the price increase of essential commodities as well as on transport fares. He said the government ought to work on the long-term solution to these

article : Business
Groundnut Season to End By 31st March

The marketing manager of the Gambia Groundnut Corporation (GGC), Ms. Fatim Leigh, said the groundnut season will soon come to an end by 31 st March 2021. According to her, this season, they bought seven thousand four hundred and sixty five metric tons and ninety kilos (7, 455.90) of groundnuts which equally cost a value of over one hundred and eighty nine million dalasi (D189, 812,885). She said though their projection was forty thousand tons for 2020-2021 trading season,

article : Business
Turkey Donates 4 Threshing Machines to Gambian Farmers

The Turkish Cooperation and Coordination Agency (TIKA) on Tuesday donated four (4) Threshing Machines to farmers in the Central River Region of The Gambia. The donation was aimed at enhancing the efficiency in food production in The Gambia. TIKA handed over the four thresher machines to farmers in CRR through the Governor of the region at a colorful ceremony held on Tuesday, February 23, 2021, at the Governor's office in CRR. Officials say the machines donated by TIKA will be used in processing

article : Business
Internet Disrupted in GBA after Personnel Working for NAWEC's Indian Project Inadvertently Cut Internet Cable at Farato

Mustapha Jallow The Public Relations Officer of the National Water and Electricity Company (NAWEC), Pierre Silva has confirmed to Foroyaa that their personnel working for their Indian Project at Farato cut an internet cable which caused internet black-out on Tuesday afternoon 2nd February, 2021. PRO Silva said the officials of the aforesaid project were digging to lay pipes and "they ran into an internet cable and cut it." Silva's confirmation came after Foroyaa informed him about a credible sou

article : Business
Importers Link Essential Commodity Price Hike to Demurrage Charges

Importers of essential commodities in The Gambia have informed the National Assembly Select on Trade that the high charge on demurrage is one of the major factors contributing to the hike in prices of the essential commodities. Demurrage, according to Merriam Webster dictionary, means a charge for detaining a ship, freight car, or truck. The importers made this disclosure on Thursday 28 th January 2021, during their engagement with the Trade Committee on the reason for the constant hike in commo

article : Business
JAH OIL Negotiates with PURA- Says Company Manager

Momodou Hydara, Manager for Jah Oil Company, has informed Foroyaa that an intense negotiation is ongoing to resolve the stalemate between them and the Public Utilities Regulatory Authority (PURA). "We are working on resolving the standoff, we are working with stakeholders and we are in intense negotiation," Hydara revealed in an interview with this medium on Wednesday, January 20, 2021. PURA in a letter dated 15 January, 2021 faulted Jah Oil Company for "illegally" constructing petrol stations a

article : Business