Darboe stated that BAC is in a stronger financial position than the Kanifing Municipal Council, with a current bank surplus of more than D10 million.
The clarification comes after a council resolution dated July 28, 2026, circulated in the media, with outlets such as Baobab Bloomlight and Liberal Times reporting that BAC was seeking loans to settle debts.
According to Darboe, the resolution was linked to a hire-purchase agreement signed in 2024 with Espace Motors, valued at D101 million, for the supply of heavy-duty machinery including a shovel loader, bulldozer, dumper trucks, and compactor trucks.
“Our council clarifies that the machinery was delivered in 2024 under a hire-purchase agreement with Espace Motors costing D101 million, payable over three years. We have since paid D43 million, with a balance of D58 million to be cleared by 2027. The outstanding amount is D24 million this year and D34 million next year,” Darboe explained.
He stressed that the council’s financial obligations are well-managed and that BAC remains solvent, with no need for emergency loans.
