GPA pays D50m dividend to gov’t

Mar 22, 2021, 11:08 AM | Article By: Isatou Ceesay Bah

The Gambia Port Authority (GPA) on Friday paid D50 million to government as dividend for the year ended 31 December 2019.

The presentation was held at the Ministry of Finance and Economic Affairs’ Conference Hall in Banjul.

Speaking at the presentation, the Minister of Finance and Economic Affairs, Mambury Njie, stated that he acknowledged the efforts of the management and staff of Gambia Port Authority in contributing to the financial achievements of the company.

He added that the GPA’s achievements as a strong organisation has been accompanied by the critical role played in maintaining good standards of corporate governance critical to ensure financial stability and sustainable institutional growth.
Minister Njie, however, disclosed that his ministry, for the past years has factored into the national budget under Revenue Forecast, Dividend Revenue line-item expected from state-owned enterprises that can be directed to provision of basic services to citizens which are not recorded in the national budget.

“My sincere appreciation goes to GPA for being the only SOE that is able to contribute this expected revenue share to government,” he disclosed.

He therefore hailed President Adama Barrow and the Transport minister for their unwavering leadership and guidance over the years.

GPA chairman of board of directors, Babucarr Sarr, expressed that the GPA was thrilled to show the result of what they are able to achieve, and also give back to government a return of their investment for the year 2019.

He assured government that they would continue to work diligently to generate surpluses that can be used to help other activities of government in developing the country.

Read Other Articles In Headlines
Air France v2
Air France finally hits Destination Gambia
Nov 3, 2021, 1:44 PM

As more flights are expected to touch the Gambian soil for the 2021-2022 tourists’ season, Air France on Monday landed at the Banjul International Airport with 137 passengers on board.

adama barrow
Gov’t intends taking legal action for alleged bribery slammed at Barrow
Apr 12, 2023, 11:24 AM

Speaking to veteran journalist Peter Gomez on his Coffee Time Show yesterday, government spokesperson Ebrima G. Sankareh revealed that “government is working on legal actions” against the authors who alleged that the president was involved in corruption and bribery.

Ndella Faye
Action Aid-Gambia appoints new Executive Director
Apr 14, 2023, 10:25 AM

ActionAid International The Gambia appoints Mrs Ndella Fye Colley as its new Executive Director. She took over the leadership of the organisation from Mr Omar Badji who joined ActionAid in 1987 and rose through the ranks up to his appointment as Executive Director in 2014.

Legal lawyers enrolled
27 new legal practitioners enrolled   
Dec 8, 2023, 11:30 AM

The Gambia Legal Council and Chief Justice Hassan B. Jallow yesterday presided over the enrollment of 27 new legal practitioners.
The Chief Justice welcomed the new wigs, distinguishing their hard work and commitment with the support of their families and lecturers. He emphasised the importance of remaining diligent and steadfast in their legal careers.