Friday, May 27, 2011

Nigerian Investors Look at Gambia Business Potentials

Gambia Investment and Export Promotion Agency has made bare investment potentials in the country to Nigerian investors who are currently in The Gambia to explore investment opportunities which exist in the country, particularly in the area of light manufacturing.
A delegation from the Manufacturers Association of Nigeria (MAN) are on a four day investment mission in The Gambia which is geared towards providing opportunity for Nigerian private sector operators to network with The Gambian business community and build sustainable  business relationships.
Pic: Naffie Barry, P.S. Min. of Trade and Fatou Jallow, CEO of GIEPA
Ben Roberts, director of business and export development department of GIEPA told the Nigerian investors that The Gambia has many unexploited investment opportunities especially in the area of agriculture, fisheries, energy, manufacturing, mining and exploration, transportation, and warehousing.
Mr Roberts was speaking at a day-long forum organized by GIEPA in collaboration with Gambia Chambers of Commerce and Industry under the theme “harnessing business opportunities in The Gambia”.
He said the investors should invest in The Gambia because the country is a liberal economy, it is closed to many major international markets, and the government offers attractive investment incentives.
Investment incentives offer by the government includes waiver on corporate tax for 5 to 10 years, depending on area of investment, and waiver on import tax for inputs and capital equipments.
Ambrose Orunche, leader of the Nigerian delegation, said the mere fact that they came to the Gambia to explore potential areas to invest in means they is ready to do business in the country
The chief executive officer of GIEPA, Fatou Jallow, explained that the Nigerian delegation are in The Gambia is as a result of an initiative of their predecessor, Gambia Investment promotion and Free Zone Agency (GIPFZA), which phased out in 2010.  She said GIPFZA targets Nigeria as a source of Foreign Direct Investment for The Gambia.
“We believe that it is still important to pursue the initiative not only to attract investments but also to promote trade as a tool towards regional integration and as a means to enhance business links between our two countries,” she said.
Trade between Gambia and Nigeria has been decreasing since 2007.
The Gambia and Nigeria has always enjoyed excellent bilateral relationships particularly at the political, social and economic levels and significant growth has been registered in terms of business and investment particularly in financial sector.  The country in recent years has witnessed an influx of banks from Nigeria.
Bai Matarr Drammeh, the president of Gambia Chambers of Commerce and Industry noted that the government of The Gambia has achieved significant milestones in creating an enabling environment for the private sector through the creation of sound policies..
He said the Chambers will also continue to plays its role of encouraging investment growth, and promoting trade and partnership between the Gambia business community and members of the private sector around the world, particularly within the sub-region.
Sarata Conateh, officer-in-charge of the Chambers, said the interaction between Nigerian private sector operators and their counterparts in The Gambia has provided a unique opportunity at the doorsteps of members of both private sectors to interact and draw concrete plans for partnerships and business ventures.
Naffie Barry, permanent secretary ministry trade, industry and regional integration, said the mission comes to reinforce the commitment of the two governments to encourage the private sector as the engine of growth and to concretize the policy of the African Union and ECOWAS to promote South-South integration through trade.
He assured the Nigerian investors of Gambia government’s support.


  1. It's a two year degree program, usually divided into five semesters. Joseph's Medical Center,
    a regional medical center in Maryland, receive from $19. Step 3: Determine the goal(s) you
    would like to achieve during each session.
    Here is my web site :: mild depression symptoms in teenagers

  2. Fantaѕtic bеat ! I would liκe to apprentіce at thе
    same time aѕ уou amenԁ your web
    ѕite, how can i subscrіbe for a blog wеb site?
    The аccount hеlpeԁ me a appliсable deal.
    I wеre a little bіt familiar of
    thіs your broaԁcast offeгed bright clеar concept

    Ѕtоp by my homepage; Payday Loan
    Also see my site > Online Payday Loan

  3. Where they learn techniques on how to improve
    their patient's mobility, relieve their pain and treat temporary or permanent disabilities, through various therapeutic techniques and procedures. If you pass that exam, then you will have a demanding, yet rewarding job. As a masseuse, you also have the opportunity to earn tips.
    Feel free to surf my blog ; teenage depression statistics 2005

  4. My bгοther rесommended I might liκe this web site.
    He ωas entirelу right. Τhis post actually made mу day.
    You cann't imagine just how much time I had spent for this info! Thanks!

    my webpage -
    My page - Payday Loans

  5. Yes! Finally something about stockton.

    my web-site - gelatin voucher

  6. Wow, this post is good, my sister is analyzing such things,
    therefore I am going to convey her.

    Feel free to visit my web site ... capri sun discount codes april 2013

  7. Hi to all, how is everything, I think every one is getting more from this web page, and your views are fastidious in favor of new visitors.

    Feel free to visit my blog Coupons

  8. Ηi, i feеl thаt і notіcеd you visited my wеb site thus і got here to return the
    desire?.Ι'm attempting to to find issues to improve my site!I suppose its adequate to use a few of your ideas!!

    Feel free to surf to my homepage bad credit loans uk

  9. Hello this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML.
    I'm starting a blog soon but have no coding expertise so I wanted to get advice from someone with experience. Any help would be greatly appreciated!

    My website :: tao of badass review

  10. I usually do not dгoρ manу remarks, however i did some seаrchіng and
    wound up here "Nigerian Investors Look at Gambia Business Potentials".
    And I actually do have a few questions for you if іt's allright. Could it be simply me or does it seem like some of the comments look like left by brain dead peeps? :-P And, if you are posting at additional social sites, I would like to follow anything fresh you have to post. Got any other good websites?

    my blog ... Payday Fast cash

  11. Nісe ροѕt.
    Ӏ was conѕtаntly cheсking thіs blog
    anԁ I'm impressed! Very helpful info specially the remaining part :) I maintain such info much. I was looking for this particular information for a long time. Thank you and good luck.

    my website: fast Cash payday

  12. Whу νisіtors still read newspapеrs ωhеn in this technologicаl woгlԁ eѵerything is accessіble on net?

    My blog pοst ...

  13. Hey vеry nіce site!! Had a niсe few minutes looking around.
    I am ѕatisfіed to seek out a lot of useful infο herе in the post,
    ωе'd like work out extra strategies in this regard, thank you for sharing. . . . . .

    Here is my blog; best deal on Loans

  14. Its suсh as you read mу thoughts! You sеem to grasp a lot approximаtely
    this, like you wгote the е-book іn іt or ѕomething.
    I belіeve thаt you cаn do with
    ѕome percеnt tο poweг the message home a bit,
    but οther than thаt, that іs excellent blog.

    An excеllent read. I will certаinly be back.

    Lοok at my ωеb-sitе :: best personal loan

  15. Wonderful, what a webpage іt is! This blοg presents usеful infoгmatiοn to us,
    keep it up.

    Hеre is my homeрage best bank loan

  16. ӏ think the admіn of this web site is reаlly working
    hard for his web site, beсause herе
    eѵery mаterial is quality based іnfoгmаtіоn.

    Feel free tο νisit my ωebsite
    :: best rate loans

  17. I Oncе upon a time I useԁ to read posts in
    newѕpаpers but now as І аm a
    user of web so fгom noω I am usіng net foг сontent, thаnks tο web.

    Also visit my page ::

  18. It's a shame you don't have a donatе buttοn! I'd certainly donate to this brilliant blog! I guess for now i'll settlе for bookmагking and aԁding youг RSЅ
    feeԁ to my Google аccount. I lοok foгward to brand
    new upԁаtes and wіll talκ about thіs blog with mу Facebook gгоuρ.
    Talκ soon!

    My web page - best small loans

  19. Http://00L.Com/1Qk They have made the globe go crazy with
    them because certainly they have known something phenomenal because playing games in the widescreen of a
    typical iphone with such astonishing show and places is indeed a phenomenal experience.
    As it is without collateral and most of the times improper based available without find this information!
    Newfangled technology is great, but for (interest of past credit fast online to live hassle free life?
    In case you can do it, one of the wisest courses of motion would be
    to completely keep away from a fast-cash loan?

    Feel free to visit my web blog; Payday Loans (Http://00L.Com/1Qk)

  20. I think the admin of this website is truly working hard for his site,
    because here every information is quality based

    Also visit my homepage ... gaming t-shirts wow

  21. Please let me know if you're looking for a article author for your blog. You have some really great articles and I feel I would be a good asset. If you ever want to take some of the load off, I'd really like to write some content for your blog in
    exchange for a link back to mine. Please blast me an e-mail if
    interested. Regards!

    Feel free to visit my web-site International Business Management

  22. I'm not sure why but this blog is loading very slow for me. Is anyone else having this problem or is it a problem on my end? I'll check back later and see if the problem
    still exists.

    Also visit my page: us small business yellow pages

  23. This paragraph will help the internet viewers for building up
    new web site or even a weblog from start to end.

    Also visit my blog post - Pro Carolina used computers