At the United Nations (UN) 5th Conference for Least Developed Countries (LDC5), the Republic of The Gambia, the European Union (EU) and the European Investment Bank (EIB) today, 7th March 2023 announced the signature of a €24.08 million EU Global Gateway grant to be used alongside an €8 million EIB loan to support the implementation of a renewable energy on and off-grid generation, transmission and distribution programme across the Gambia.
The Executive Director of World Bank Africa Group 1 Constituency, Dr. Floribert Ngaruko made a 2-day (16-17 February 2023) working visit to the Gambia to familiarise himself with the institutions and projects supported by the World Bank in the country. Dr. Ngaruko, a Burundi national, is the Executive Director for a group of 22 African countries including The Gambia and has been Alternate Executive Director for the same Constituency at the World Bank Group from 2020 -2022.
On Tuesday, 7th February 2023, the Ministry of Finance and Economic Affairs under the purview of the Directorate of State-Owned Enterprises convened a Performance Contract signing ceremony between the President of the Republic and some SOEs (Gambia Ports Authority, Social Security and Housing Finance Corporation and Gambia National Petroleum Company).