35 Belgian investors propose business investment in thematic areas

Wednesday, January 31, 2018

Thirty-five Belgian investors who came to The Gambia on the maiden Belgium-Gambia trade and economic mission have proposed business investment in country in thematic area. Their coming to Gambia was also meant to establish cooperation with The Gambia Chamber of Commerce and Industry (GCCI).

 The mission and Gambian authorities recently held a forum at Kairaba Beach Hotel which was attended by Vice President Fatoumatta Jallow-Tanbajang.

 VP Jallow-Tambajang said the relationship will be a bilateral venture, saying that would be historic as Gambia is in a new beginning to transform and build the country through resolving the prevailing challenges including sustainable economic development, inequality and poverty eradication for the wellbeing of everyone.

 She said the government will always maintain an open door policy to create avenue for local and foreign private investors to operators in the Gambia. “It will create a mutually beneficial relationship between the public and private sector and restore confidence in the government.”

 The two day engagement will help to facilitate Gambian investors to explore opportunities for exporting to Belgian and European Union markets. “The Gambia is seeking increase and diverse investments and job creation from all angles of the country to provide better livelihood to its citizenry,” the VP said.

 James F. Gomez, Gambia’s minister of Fisheries said the economic mission is a great initiative that will help to rebrand The Gambia into an ideal business destination.

He said the national development plan targets to engage private sector for economic growth, transformation and job reaction as top priority towards establishing innovative business agenda to boost development.

 European Union Ambassador Elene Imnadze said The Gambia is ranked among the poorest countries with the government facing tough economic challenges. She said despite economic challenges, Gambia maintains a fairly open trade and investment regime. “The economic growth has projected 3 percent in 2017 with slow revamp in tourism, trade and interest in foreign investors in energy, agriculture and transportation.”

 Belgian Ambassador Philippe Colyn said the peaceful political transition between Gambia and Belgium will pave the way for development and a stronger relationship.

 He said President Adama Barrow’s visit to Belgium has created cooperation between Oostende and Banjul on humanitarian aid in the area of health.

Author: Rose Zahra Gomez