VP inaugurates $14M flour factory

Wednesday, February 21, 2018

As part of marking the celebrations of The Gambia’s 53rd Independence Anniversary, Aja Fatoumata Jallow-Tambajang, the vice president and minister of Women Affairs on Monday inaugurated 14 million U.S. Dollar flour factory named after Nessim Trading Company Ltd. at a ceremony held at Bond Road in Banjul.

The official inauguration was attended by senior government officials, the Mauritanian ambassador as well as the private sector in the country.

Delivering her opening statement, Vice President Tambajang said government welcomes the strategic investment as they cannot do it alone.

“We place a high premium on private sector investment and we hope such investment will continue in this country,” she said. “As a government, we will continue to invest in peace and security as it is a bedrock of any genuine investment.”

She explained that government is in forefront to reach out to private sector investment in a win- win situation, saying the investment climate is available as she encourages everyone to come and invest in The Gambia.

She urged the investors to take gender balance into consideration by engaging more women in leadership position.

A flour milling machine company worth 14 million US$ is owned by Nessim Trading Company in Banjul.

The company is aiming to produce 200,000 wheat daily, with the vision to make Gambia and exporting giant and to create more employment opportunities.

During the launching, the managing director Ahmed El Mally said: “We chose to invest in The Gambia because it is our home as I have been doing business in this country for the past 35 years, so I feel it necessary to give back by setting up this company”

He explained that the journey to establish this company was not an easy task, but with the support of government it is possible.

“We embark on this project not for profit making, but to contribute our quota to the production sectors of the economy and create employment, but we cannot achieve this without the support of government,”

He urged government to protect them in the market to enable sustainability of the project for the benefit of all residents in the country.

Hamat Bah, minister of Tourism and Culture described the project as the biggest project of the coalition government.

“We will protect the business industry, but not to monopolise, we will protect you by protecting the job of our people,” he said.

He noted that the company has the opportunity to sell in Senegal, Nigeria and Ghana as the ECOWAS protocol of free movement of goods and services demands.

He called on other investors to come and invest in The Gambia, as the country has gained its democratic dispensation where all is equal in the eye of the law.

Author: Njie Baldeh
Source: Picture: Aja Fatoumata Jallow-Tambajang