Economic operators in The Gambia have noted that the
country has vast opportunities for investment but government stance of not
opening up for intervention into some strategic areas by the private sector has
hindered the ability to make more investments in such areas.
Some of the vital sectors for investment have been
tried in vain by members of the private sector due to government’s
protectionism, which makes it difficult for investor capital to find their way
into them.
Mr Touray |
For instance, the major infrastructural sectors are
really not open to private sector participation, the president of the American
Chamber of Commerce (AmCham), Abdoulie Baks Touray, has said in an interview
with this paper.
Mr Touray observed that one of the key areas the
government has refused to open up for private sector participation is the ferry
services.
Some time ago, he noted, some members of the private
sector including himself did a feasibility study for possible investment in sea
transport, such as ferry services, and found out that there are untapped
potentials in this area the private sector can explore.
But, according to the business and financial analyst,
they were later made to understand that ferry services is a no-go area for the
private sector. “It is reserved for the public sector intervention,” Mr Touray
said.
The government needs to open up more for private
sector intervention in such areas, the AmCham president added: “The government
should open up for the private sector to come on board in the ferry services
and operate either in collaboration with the Gambia Ports Authority, or
independently – independent of the ports just like the airport, which is owned
by the government but being used by private airlines. The same thing should be
done in the ferry services and along the River Gambia.”
Mr Touray also cited the electricity sector, where
there is an independent power producer, as another good example of private
sector intervention the government can emulate.
Public-Private
Partnership
The
current state of the country’s ferries is nothing but getting from bad to worse
as ferries that usually ply between Banjul and Barra for 30 to 45 minutes now
sometimes spend two to three hours or more on the same crossing points. It is
understood that the engines of all the three ferries are not in good state and
often encounter problems while in transit.
For Mr Touray, crossing from Banjul to Barra, which is
just about 8km, is now a nightmare, which is why some people even prefer using
the trans-Gambia highway to going through the Banjul route.
“If you travel to areas like Turkey and Egypt you
see a lot of ferries going back and forth within the same place. Why can’t we
have such in The Gambia?” Mr Touray queried, saying: “The government has to come up with a
framework that will allow private sector participation in the ferry services
and other sectors.”
If the private sector is to invest in the ferry
services and other sectors, there should be a Public Private Partnership
framework guiding their operations, Mr Touray, who serves as chair for many
corporate institutions’ boards, said.
A
starting point
Although there is need for Public Private
Partnership framework, finance and economic affairs minister Abdou Kolley also
believes both the government and the private sector can still have bilateral
discussions and engagements and forge ahead with development.
Hon. Kolley said further that the World Bank is
supporting the government to put in place a legal framework that will guide all
Public Private Partnership interventions in the country.
There are actually various titles attached to this type of job.
ReplyDeleteDuring tough phases of life, you need someone with whom you can share your marital problems openly.
People are becoming conscious of staying physically fit;
also leniency in reimbursement restriction is resulting
in services being available to more people.
My web page :: concerta for depression in adults
This is done using techniques such as hydrotherapy, remedial exercise,
ReplyDeleteMississauga style massage, rhythmic mobilizations, laser therapy and myofascial therapy.
If you pass that exam, then you will have a demanding, yet rewarding job.
However, with CBT or Cognitive Behavioral Therapy one can
see profound changes in the behavior of couples.
Visit my web site :: effects of depression on the brain
Definitely believe that which you stated.
ReplyDeleteYour favorite reason seemed to be on the internet the simplest thing to be aware
of. I say to you, I definitely get annoyed while people think about worries that they just don't know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side effect , people can take a signal. Will probably be back to get more. Thanks
my website: fussball bundesliga transfer news
This paragraph presents clear idea in favor of the new users of blogging, that
ReplyDeletein fact how to do blogging.
Also visit my webpage : arsenal latest transfer rumours
Hello there! Quick question that's completely off topic. Do you know how to make your site mobile friendly? My web site looks weird when viewing from my iphone4. I'm trying to find a template or plugin that might be able to correct this problem.
ReplyDeleteIf you have any suggestions, please share. Cheers!
Feel free to visit my web site ... Payday Loans
What's up to every one, the contents existing at this website are truly amazing for people knowledge, well, keep up the good work fellows.
ReplyDeletemy web blog: Testoril Reviews
my web site - Testoril
Great article! We are linking to this great article on our site.
ReplyDeleteKeep up the great writing.
Feel free to surf to my page :: http://www.yunga.de/wiki/index.php/Benutzer:WallaceRo
Nοw thеn peeps lets јust calm down
ReplyDeleteand haѵe a rеlаxing ωaгm bath аnd
а mug οf tea.
Cheсκ out my homерage - great loans site
So іts questiоn time, do we get the chance to
ReplyDeleteaѕk you somethіng?
Also visit my wеb-ѕite: bad credit personal loans
Lol I shаred thiѕ too. Ιt's hilarious.
ReplyDeletemy page :: best small loans
Lol I shared this mysеlf. Love it.
ReplyDeleteChecκ out my page :: uk loan broker
The last time I wandеrеd acгoss a websіtе thіѕ interesting
ReplyDeleteit cοst mе my ladу і'm sure, I spent so much time on it.
Also visit my blog post - personal loans bad credit
shijun 7.20
ReplyDeletecoach outlet store online
cheap jerseys
cheap nfl jerseys
adidas outlet
jordan pas cher femme
cheap chi straighteners
jordans for sale
insanity workout
chi hair strightener
abercrombie kids
michael kors outlet online
ray ban sunglasses
michael kors
chanel outlet
toms outlet
polo ralph lauren uk
p90x
hollister kids
cheap ray bans
fake watches
louis vuitton outlet
cheap oakley sunglasses
michael kors outlet online
michael kors
ray bans
michael kors handbags
barbour
fitflop shoes
retro 11
ray ban sunglasses
prada sunglasses
timberland outlet
birkin bags
cheap jerseys
oakley outlet
michael kors outlet online sale
louis vuitton handbags
louis vuitton handbags
true religion outlet
air jordan shoes