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Africanews

Gambia-Economic-Reforms-2025

Gambia’s International Reserves have Exceeded D37.8 billion, According to President Barrow

Gambia President Adama Barrow announced on June 19, 2025, that international reserves hit $515 million, with 5.9% projected growth and 9.6% inflation, alongside salary increases and reforms to tackle a D6.7 billion fiscal deficit and 71.8% debt-to-GDP ratio.

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Museveni-Reelection-2026

Uganda’s President Yoweri Museveni will Run for Re-election at Age 80

Uganda’s President Yoweri Museveni, in power since 1986, will run for a seventh term in 2026, facing Bobi Wine and criticism over constitutional changes, despite accusations of intimidation.

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Gambia-IMF-Funding

Gambia has Obtained $63.5 Million in IMF Support to Enhance its Economic Stability and Climate Resilience

The Gambia secures US$63.55 million from the IMF’s Resilience and Sustainability Facility and US$16.95 million from the Extended Credit Facility, targeting macroeconomic stability and climate resilience, with a 5.7% growth projection for 2025.

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Gambia Road Safety Initiative

Driving School Association of The Gambia has Launched a Nationwide Road Safety Initiative

The Driving Schools Association of The Gambia’s “To unite and empower Gambia driving schools” initiative promotes road safety through uniform driver training, ethical practices, and improved road design, backed by leaders like Modou Lamin Badjie and the Gambia Transport Union.

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Africa-Foreign-Direct-Investment

FDI Flows into Africa Increased by 75% to $97 Billion in 2024, UNCTAD Report

The 2024 UNCTAD World Investment Report highlights a 75% increase in Africa’s FDI to $97 billion, led by Egypt’s urban project, with growth in North Africa, while global FDI dropped 11%, urging reforms for sustainable economic growth.

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