Thursday, March 19, 2009

Foreign Investments in The Gambia

Foreign Investments in The Gambia


LIST OF RECENT FOREIGN INVESTMENTS OF MORE THAN $0.5 MILLION:
Name of Company Country Investment
($ millions)
(as of end June 2007)
West African Resort and CasinoUS / Gambia3.00
West Africa Cattle CompanyUS1.00
Brufut Sheraton HotelKuwait12.00
West African AquacultureSweden4.40
International Commercial BankMalaysia2.58
AfricellLebanon21.1
Africa Production CompanyLibya0.83
Jerma HotelLibya3.50
Gam-Petroleum Storage DepotLebanon / Gambia5.00
Gambia Agric. Marketing Co.Nigeria / Gambia13.00
Brufut Sheraton HotelKuwait12.00
Gamwater Company LtdGambia1.40
Access Bank (Gambia) LtdNigeria / Gambia2.00
T & C Transportation ServicesGambian0.50
Al Amana Company LtdLibya1.80
GamPalmGambia / Senegal3.10
Atlantic SeafoodNetherlands0.76
Walo Development EnterprisesGambia / UK1.90
KnitswearBelgium / Gambia0.94
Carnegie Corporation LtdAustralia2.50
Comfort Quality ServicesGambian1.30
Zam Zam Company HotelLibyan2.00
Liptis International Co. LtdLibyan2.00
Kafuta Fresh Produce LimitedKuwait1.27
Mecalite LtdGambia1.00
Golden Beach HotelGambia1.00
Africa Production Company LtdLibya0.83
Fine Beverage Company LimitedGambia1.50
Cosmos Industrial Company Ltd.China1.70
African Safari CompanyLibya1.00
Fazan Fishing Company LtdLibya1.14
West African PearlChina / Gambia4.60
Quantum NetGambia1.50
Salam Company LimitedGambia1.00
Swami India International Ltd.India0.63
Moukhtara Holding Company LtdGambia / Denmark5.13
Global Electrical Group Ltd.Lebanon / Gambia8.10
GamvegNigeria/UK/Gambia3.67
Reliance Financial ServicesGambia1.95
Nice Gambia LtdNetherlands10.31
Hanes Company LtdTaiwan0.91
Universal Business Group Ltd.Turkey / Gambia3.01
ComiumLebanon19.00
African Production Fishing Co.Libya1.64
Unique SolutionsGambia2.04
Radville Farms Ltd.UK / Gambia1.88
Basma Industrial Ltd.Gambia1.30
Royal Enterprise Ltd.India1.50
Jama-ak-Salam FoamGambia0.50
Fine Water Company Ltd.Gambia2.41
Kombo Farms Company Ltd.Gambia1.53
EcoBankECOWAS3.00
Sandele Eco-RetreatUK1.50
AHS Holding Ltd.China0.67
A & A Industries Ltd.vPakistan1.54
Takaful Gambia Ltd.Gambia3.00
Zygot Oil Company Ltd.Gambia0.51
Rue Chicken Ltd.Gambia0.80
Womy Gambia LtdGambia1.88
Source: The Gambia Investment Promotion and Free Zones Agency (GIPFZA)
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Wednesday, March 4, 2009

Mobile Phones In Gambia

Nice talking to you ... mobile phone use passes milestone reports the Guardian newspaper in the UK.

A UN report reveals that half the globe now pays to use one and Africa is the continent with the fastest growth, where penetration has soared from just one in 50 people at the turn of the century to 28%.

The report points to the Gambia, where mobile subscriptions have rocketed amid stiff competition among mobile operators. Out of almost a million telephone subscribers, there are more than 800,000 mobile subscriptions but only about 50,000 fixed telephone lines in service.
Developing countries now account for about two-thirds of the mobile phones in use, compared with less than half of subscriptions in 2002.