AGP Executive Report
Last update: an hour agoIMF Support for Gambia: The IMF says it has reached staff-level agreements for a fifth review under the 36-month ECF and a second review under the RSF, paving the way for about US$8.5m in disbursement, with total access increased to help address challenges linked to the Middle East conflict. Electricity Accountability Push: GALA has warned the government and NAWEC to stabilize power by June 19 or face a nationwide protest, arguing the crisis is driven by planning and management failures, not just technical issues. Fuel Cost Relief: Government has reduced diesel by D5 (to D115/litre) and set aside over D150m in subsidies, offering short-term relief for transport and businesses while questions remain on long-term sustainability. Energy Sector Moves: The government announced signing a Petroleum Exploration and Production Licence Agreement for Offshore Block Al with Eni Gambia Ltd, aiming to unlock hydrocarbons and boost investor confidence. Maritime & Logistics Recognition: Bojang Sankaranka Shipping and Logistics Services was named GRA Clearing and Forwarding Agency of the Year, highlighting compliance and trade facilitation. Sports & Tourism Boost: The Gambia is preparing to host the 2026 AUSC Region 2 Games in Banjul (7–13 June), expected to drive activity in hospitality and services. Gender in Media Leadership: A study highlights women’s “exit from power” in Gambian newsrooms, with leadership representation far lower than workforce presence. Regional Energy Context: Commentary on the OMVG project stresses that transmission/interconnection is progressing, but generation depends on the Sambangalou Dam completion. Banking Deal: Bank of Uganda approved a transaction allowing Absa to take over Standard Chartered Uganda’s wealth and retail banking business.
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