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AfricanEconomy

Gambia-monetary-policy-2025

Central Bank of The Gambia’s MPC Decided to Maintain the Monetary Policy Rate at 17 Percent

The Central Bank of The Gambia keeps the monetary policy rate at 17 percent in September 2025, as the IMF predicts 3.0 percent global growth, 7.5 percent Sub-Saharan inflation, and US$66.9 per barrel oil prices, amid challenges from high food and raw material costs.

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Gambia-Revenue-Collection-2025

Gambia Revenue Authority Collected Over D15.6 Billion in Revenue

The Gambia Revenue Authority, led by Yankuba Darboe, surpassed its D13.5 billion revenue target for January–July 2025, collecting over D15.6 billion, with digital tools like ASYCUDA World and the Single Window system driving efficiency toward the D23 billion annual goal.

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Trump-Tariffs-South-Africa

African Nations Seek to Renegotiate Trump-era Tariffs due to Concerns Over Potential Economic Consequences

President Trump’s new tariffs, with South Africa facing a 30% rate and Lesotho a 15% rate, threaten unemployment and the clothing sector, prompting negotiations by South Africa, Botswana, and Lesotho to secure better trade terms.

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Gambia-African-Caucus-2025

Gambia’s Finance Minister Assumed the Chair of the African IMF/World Bank Caucus

Hon. Seedy K.M. Keita, Gambia’s Finance Minister, was named Chairperson of the 2025 IMF-World Bank African Caucus in Bangui, focusing on resilient infrastructure and green assets, with The Gambia announced as the 2026 host to advance sustainable development.

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AfCFTA-Gambia-Development

President Adama Barrow Meets AfCFTA Secretary General Wamkele Mene

President Adama Barrow and AfCFTA Secretary-General Wamkele Mene met to align The Gambia’s National Development Plan with AfCFTA’s goals, focusing on industrialization, local production, agricultural enhancement, and free movement to drive economic growth.

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