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AGP Executive Report

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Offshore Energy Deal: The Gambia has awarded Eni the offshore Block A1 petroleum exploration rights, signing a PEPLA for the 1,300 sq km Atlantic deepwater block (up to 3,300m), a major step to expand exploration capacity. Fuel Cost Relief: Government cut gasoil by D5 per litre via a D150m subsidy, while petrol (PMS) stays at D112, aiming to ease pressure on transport, farmers and manufacturers. IMF Support for Shocks: The IMF is stepping up funding for The Gambia, proposing a 20% augmentation of its existing $172m programme with a possible six-month extension and rephasing. Power Sector Update: NAWEC says recent outages are driven by maintenance and equipment rehabilitation, not debt disputes, and explains cross-border electricity payments follow reconciliation and bank guarantees. Halal Trade Push: SMIIC trained stakeholders in Banjul to strengthen The Gambia’s halal quality infrastructure, targeting internationally recognized certification and accreditation. Regional Electricity Growth: A World Bank programme reports electricity access gains for over 3 million people and thousands of km of transmission lines across West Africa. Oil & Gas Court Ruling: The High Court in Banjul ordered Oryx Energy (Gambia) to pay over D1.95m for an unlawful and unfair dismissal of an IT manager. Tax & Telecom Wins: Africell received the country’s largest taxpayer award for the 7th time, while GRA continues tax modernisation and digitalisation to boost domestic revenue.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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May 19, 2026

Prenatal food supplements linked to better birth outcomes in global study

EIN Presswire


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Offshore Africa activity builds across Libya installation, Egypt contract and Angola-Gambia developments

Offshore Africa activity builds across Libya installation, Egypt contract and Angola-Gambia developments

Eni Enters Gambia with Offshore Oil and Gas Exploration License

Eni Enters Gambia with Offshore Oil and Gas Exploration License


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May 31, 2026

US Says It Disables Vessel in Gulf of Oman Bound for Iran

MENAFN

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Jun. 2, 2026

US Strike Stops Vessel Heading Toward Iran

MENAFN

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Feb. 4, 2026

Trade Policy Review: The Gambia

World Trade Organization

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Jan. 6, 2026

Death Toll from Gambia Boat Overturn Tops Thirty

MENAFN

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Dec. 1, 2025

Russia denounces Ukrainian ‘terrorist attacks’ on energy sites

MENAFN

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Dec. 3, 2025

NJ Ayuk and AEC to Guide MSGBC Basin’s Energy Strategy at Dakar Conference

EIN Presswire

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