Gambia Economy 360

FUNDING OPPORTUNITY! The Ministry of Finance signs a $11 Billion agreement with AfDB and UNESCO to support SMES countrywide. We are calling upon all business owners, companies, and organizations to apply for this funding opportunity. The goal is to advance a more inclusive, diversified, and resilient private sector that drives sustainable wealth creation. Submit your online applications through https://forms.gle/mtsQijdP9kB9MCNfA

If you own a business or you know someone who owns a business and they are struggling or need to expand their businesses, please share with them.

It's a golden opportunity you don't want to miss!

The Senegambia bridge recycling agreement

Advantage and Benefit of the Agreement:

The main advantage of the agreement between The Gambia and Africa50 is that it provides immediate financial support to The Gambia. By selling the recycling rights of the Senegambia Bridge for $100 million, The Gambia can obtain a significant amount of funds that can be used for various development projects and infrastructure improvements within the country.
This influx of capital could help boost economic growth, create job opportunities, and enhance the overall standard of living for the citizens.

Assessment of Whether it is a Good Deal or Not:

Determining whether this agreement is a good deal or not depends on several factors. As the bridge is newly constructed, The Gambia may have invested a considerable amount of money in its construction. If the $100 million offered by Africa50 is close to or higher than the initial investment, it could be considered a fair deal, especially considering the immediate financial benefits it brings to the country.

However, if the bridge's construction cost significantly exceeds the $100 million, The Gambia might not be getting the full value of its investment. Additionally, the long-term implications and control of the bridge by Africa50 for 25 years should also be carefully considered before finalizing the deal.
Implications of the Deal: The agreement with Africa50 could have several implications for The Gambia:

Immediate Financial Relief:

The influx of $100 million can provide a much-needed financial boost to the country, allowing it to address pressing development needs.
Loss of Control: The Gambia will temporarily lose control of the Senegambia Bridge to Africa50 for 25 years. During this period, Africa50 will have the authority to manage and operate the bridge.

Potential Development Opportunities:

The deal might attract further investments and partnerships with Africa50, potentially leading to more infrastructure projects in the country.
Long-Term Economic Impact: The long-term economic impact of the agreement will depend on how effectively The Gambia utilizes the funds received and how well Africa50 manages and operates the bridge during their control.

Long-Run Outlook:

In the long run, the success of the agreement will depend on how the $100 million is utilized and the performance of the Senegambia Bridge under Africa50's management. If the funds are invested wisely in productive sectors that spur economic growth, the agreement could have positive long-term effects on The Gambia's development.

However, if the funds are mismanaged or not used efficiently, the country may not experience the desired economic growth, and the benefits of the agreement might be diminished. Additionally, the impact of Africa50's management on the bridge's maintenance, toll revenues, and overall infrastructure development will also play a crucial role in determining the long-term outcomes.

Government Spending of the $100 million: The decision on how to spend the $100 million should be made strategically, considering the country's most pressing needs and long-term development goals. The government should prioritize investments in key sectors like education, healthcare, agriculture, and other infrastructure projects that can stimulate economic growth and improve the well-being of its citizens.

It is essential for the government to implement transparent financial management practices to ensure that the funds are allocated efficiently and effectively. Moreover, careful consideration should be given to the sustainability and long-term impact of the projects funded by the $100 million.

Ultimately, a well-thought-out and transparent spending plan will be critical in maximizing the benefits of the financial windfall and advancing The Gambia's socio-economic development.

Mental clarity is very important

This is utterly preposterous and outrageous! The Senegalese judicial system is fast becoming a pl***oy of Macky Sall. The judgment is a sham. How can you acquit Sonko of r**e accusations and punished the innocent lady simply because she stood by the truth and absolved Sonko of any wrongdoing?

Senegalese should rise and protect innocent people in their country.

Justice has to prevail. Macky will do whatever he has to do to silence his opponents, especially, those he passive to be his strong contenders.

Developing a Robust Financial System

Gambia's financial system can be boldly said to be _ to some extent _ a conventional banking system (depositing, withdrawals, personal loans etc)

In developing countries, the financial system has another and more important function of
promoting growth in the economy. Investment in an economy takes the form of either inventories or fixed capital assets.

The growth of fixed capital formation is necessary for the development
of the economy. The types of financial assets provided by the financial system would influence the types of capital formation in the economy and vice versa.

Thus, the economic development of a country depends inter alia on the growth of the financial system. The larger the proportion of financial assets to real assets, the greater the scope for development because, as referred to earlier, growth in the economy requires, adequate investment which only the financial system can facilitate. Finance is an important input in the productive process and as such developed financial system is an important prerequisite for economic growth.

The financial system should have proper width and resilience so that the rate of growth
of the financial assets and their structure are in tune with the optimal characteristics of the real capital stock needed for growth.

Diaspora Funds Investment.

60% of our GDP is from the diaspora. If we have strong financial institutions: like Mutual funds and venture capitals etc that can be channelized for better investments .

The diaspora has played a significant role in contributing to the growth of many economies, and it's no different for the Gambia, given that 60% of its GDP comes from the diaspora. It's crucial to channelize these funds effectively and efficiently to maximize their impact and benefits.

One way to achieve this is by establishing strong financial institutions like mutual funds and venture capitals. Mutual funds pool money from multiple investors and invest it in a diversified portfolio of assets such as stocks, bonds, and real estate. This enables investors to benefit from economies of scale and diversification, which can lead to better returns on investment.

Similarly, venture capital firms provide funding to start-up companies with high growth potential. These firms not only provide capital but also mentorship, expertise, and networks that help these start-ups grow and succeed. By investing in such firms, the diaspora can help stimulate innovation and create job opportunities in your country.

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'so Gambia