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冈比亚投资环境介绍

发布时间:2022-06-17 09:51:28 文章来源:African Investments(业务四部转载)


Country overview: Gambia is located in West Africa bordering the Atlantic Ocean to the west and surrounded by Senegal. Gambia is the smallest country within mainland Africa. It gained its independence from the United Kingdom on 18 February 1965. Its constitutional capital is Banjul with 5 Administrative regions. It is a multiparty Presidential Republic with the President sitting as both the Head of State and government. It runs a unicameral national assembly, and its official language is English. Islam is the predominant religion with very few Christians. It has a mixed legal system comprising of English common law, Islamic law and customary law. It has an area size of 11,300 million sq km. Gambia’s bordering Atlantic Ocean and its proximity to Europe has made it one of the most frequented tourist destinations in West Africa.
Demographic Information: Gambia has an estimated population of 2.17 million comprising mostly of younger population (less than 25 years) which makes up about 56.1% of the population, those in the age bracket of 25-64 years makes up about 40.3% of the population and above 65 years age group makes up about 3.6% of the population. Average population density is estimated at 239 inhabitants/km2. In terms of human development indicators, it has a life expectancy of 68.3 years (Women) and 63.5 years (Men). It achieved universal primary education with a 101.7% Primary enrolment rate in 2019 and overall literacy level of 50.8% as at 2015.
Broad Economic Overview: Gambia is a small economy which relies on agriculture, tourism, and remittances for support. It has scant natural resource deposits (bauxite, phosphate and oil). Remittances from workers overseas are estimated to represent about 20% of GDP while Agriculture is estimated to contribute about 20% of GDP and employs about 75% of the country’s workforce. Agricultural sector potential remains untapped as less than half of arable land is cultivated and agricultural productivity is low. Key to its economy is the tertiary sector which accounts for about 58% of GDP which is connected to the trade passing through the Port of Banjul. Real GDP expanded 6.1% in 2019 having recorded 3.3% compounded annual GDP growth in the past 5 years. According to AFDB, investments to modernize Port of Banjul are crucial to boost revenues from transit trade and new business opportunities in transporting imported liquefied fuel products to the Sahelian hinterland. Gambia’s currency is Dalasi. Main export includes Palm Kernels, Cotton, Peanut, Fish etc. Major imports include refined petroleum product, foodstuffs, and capital equipment.
Investment Opportunities: Gambia is now open for business following an end to autocratic rule of former President Yahya JAMMEH which ushered in new democratic rule in 2016. Economic progress depends on sustained bilateral and multilateral donors/lenders who were concerned about quality of fiscal management under the administration of former President Yahya JAMMEH. The new democratic government has committed to taking steps to reform of state-owned enterprises and rein in fiscal deficit. Gambia has a well-functioning customs and port services and the recent opening of the Trans-Gambia Bridge is expected to boost trade. Investment opportunities are available in the following sectors: tourism, agriculture, air services, energy, fisheries, ICT, river transport, light manufacturing and hides and skin.

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