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OPEC Fund

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    • OPEC Fund Director General, Dr Abdulhamid Alkhalifa
    • OPEC Fund Building Inside
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Source: OPEC Fund |

The OPEC Fund for International Development (OPEC Fund) approves close to US$1 billion in new development financing

These projects will benefit countries across the globe and aim to bolster infrastructure, food security, renewable energy, economic resilience and governance in partner countries

The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board meeting in Vienna today. These projects will benefit countries across the globe and aim to bolster infrastructure, food security,…

United Nations Economic Commission for Africa (ECA)
Source: United Nations Economic Commission for Africa (ECA) |

Boosting Financial Futures: Economic Commission for Africa (ECA) and West African Monetary Institute (WAMI) Capital Market Workshops in The Gambia and Liberia

The workshops emphasized the importance of robust regulatory frameworks to ensure transparency, efficiency, and investor protection in the capital markets of The Gambia and Liberia

The Economic Commission for Africa (ECA), in collaboration with the West African Monetary Institute (WAMI), has successfully concluded the second part of its series of workshops aimed at developing capital markets in West Africa. Following the initial workshops in Guinea and Sierra Leone, this phase focused on The Gambia (14-…

African Development Bank Group (AfDB)

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    • The first stage of implementation of the Regional West Africa Rice Development project will involve Gambia, Guinea-Bissau, ECOWAS and AfricaRice. Tens of thousands of rice farmers will benefit from access to seeds, fertilizers and plant protection products
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Source: African Development Bank Group (AfDB) |

The African Development Fund releases initial support of $99 million to finance the development of rice cultivation value chains in West Africa

The project will help to increase production and the productivity of rice cultivation, as well as improving income generation for farmers, particularly women and young people

The Board of Directors of the African Development Fund has approved initial funding of $99.16 million to develop regional rice cultivation value chains as part of the Regional West Africa Rice Development project.   The aim of the project is to increase food security and sovereignty in West Africa by encouraging…

World Food Programme (WFP)
Source: World Food Programme (WFP) |

Nourishing minds and bodies: homegrown school meals enhance food security and wellbeing among Gambian children, United Nation (UN) study finds

Findings are set to shape the future of school feeding initiatives in the Gambia and beyond, as school meals play a crucial role in attracting, feeding, and nurturing children while in school

Findings from a comprehensive impact evaluation of the Home-Grown School Feeding Programme (HGSF) in the Gambia reveals that school meals enhance food security and dietary diversity, while improving mental well-being among Gambian children - especially girls. Conducted by the United Nations World Food Programme (WFP) through its Office of Evaluations,…

Economic Community of West African States (ECOWAS)
Source: Economic Community of West African States (ECOWAS) |

Economic Community of West African States (ECOWAS) Organises a Three-Day In-Country Capacity Building Workshop for National Stakeholders on Utilising the Continental Results Framework (CRF) for Monitoring and Reporting the Implementation of the Women, Peace and Security Agenda in the Gambia

The workshop convened over 30 participants from government ministries, agencies, women and youth organizations, the Federation of the Disabled, the National Assembly, and CSOs

The ECOWAS Directorate of Humanitarian and Social Affairs, in partnership with the Minis-try of Gender, Children, and Social Welfare in The Gambia, held a three-day Capacity Build-ing Workshop on the Continental Results Framework (CRF) for Monitoring and Reporting on the Women, Peace, and Security (WPS) Agenda from October 23-25, 2024,…

African Energy Chamber

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    • African Energy Week (AEW) 2024: Petrosen Targets Final Investment Decision (FID) for Yakaar-Teranga in 2025, Seeks Third-Party Partner
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Source: African Energy Chamber |

African Energy Week (AEW) 2024: Petrosen Targets Final Investment Decision (FID) for Yakaar-Teranga in 2025, Seeks Third-Party Partner

Speaking at an ‘Invest in MSGBC Energies’ session at AEW: Invest in African Energies 2024, Petrosen’s Thierno Ly announced plans to take FID for the Yakaar-Teranga project in 2025

The Yakaar-Teranga project – situated offshore Senegal – is expected to make a Final Investment Decision (FID) in 2025, with production starting between 2028 and 2029, said Petrosen Director General Thierno Ly.   Speaking at a Technip Energies-sponsored Invest in MSGBC Energies panel discussion at African Energy Week: Invest in African…

Afreximbank
Source: Afreximbank |

The Gambia becomes nineteenth signatory state of the Establishment Agreement of Fund for Export Development in Africa (FEDA)

This milestone follows a wave of recent accessions by other countries, which is driving FEDA’s momentum in broadening its scope of interventions and its mission of delivering long-term capital to African economies

The Republic of The Gambia has acceded the Establishment Agreement of the Fund for Export-Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com). With this accession, The Gambia becomes FEDA’s nineteenth member, reinforcing its commitment to fostering economic growth and development. This milestone follows a…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

The Gambia: International Monetary Fund (IMF) Staff Reaches Staff-Level Agreement on the Second Review of the Extended Credit Facility Arrangement

Economic recovery is strengthening while inflation has decelerated significantly

IMF staff and the Gambian authorities have reached a staff-level agreement on economic policies to conclude the second review of the program under the Extended Credit Facility (ECF) arrangement. Economic recovery is strengthening while inflation has decelerated significantly. The Gambia’s reform agenda is advancing despite challenges to fiscal policy. An…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to The Gambia

The Gambia’s reform agenda is advancing despite challenges to fiscal policy

IMF staff and the Gambian authorities conducted productive discussions on economic policies to conclude the second review of the program under the Extended Credit Facility (ECF) arrangement; Economic recovery is strengthening while inflation has decelerated to single digits; The Gambia’s reform agenda is advancing despite challenges to fiscal policy; The IMF remains committed…

State House Sierra Leone
Source: State House Sierra Leone |

Sierra Leone: High Commissioners and Ambassador Present Letters of Credence to President Bio, Assure Stronger Bilateral Relations

Among them were the United Kingdom’s High Commissioner to Sierra Leone, Ms. Josephine Gauld LVO, the newly designated High Commissioner of The Gambia, Madam Claudiana A. Cole, and the Ambassador of the European Union (EU), Jacek Jankowski

Sierra Leone’s President, His Excellency Dr. Julius Maada Bio, has received the letters of credence from three distinguished diplomats at the State House Credential Room. Among them were the United Kingdom’s High Commissioner to Sierra Leone, Ms. Josephine Gauld LVO, the newly designated High Commissioner of The Gambia, Madam Claudiana…