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No Excitement over Bank’s Profits

Although United Bank S.C., the first commercial bank to introduce Internet and SMS banking in the country, registered a glowing profit record in its 10 years existence in the industry, the bank’s shareholders were unimpressed.

Finance Secy. Focused on Sub-regional Financial System

As Compliance Officers Training Opens Mr. MusaGibril Bala Gaye, Secretary of State for Finance and Economic Affairs, hasrevealed that the financial system within the sub-region has been mainlydominated by commercial banks. Secretaryof State Bala Gaye was speaking at the opening of a three-day training workshopon compliance officers training held at the Jerma Beach Hotel yesterday. Organisedby the Inter-Governmental Action Group against Money Laundering in West Africa(GIABA), the training will...

Egypt Factors: Financing trade in times of turmoil

CAIRO: At times of global financial turmoil, companies can fall victim to tightened credit conditions from commercial banks. But when money gets tight, factoring companies thrive.With Egypt’s first factoring company now up and running, local exporters can turn to a less traditional source of finance to ensure they have access to credit.“At times like these when liquidity is an issue, we have a very good opportunity in the market,” said Marius Savin, general manager of newly-established Egypt...

Saccos not keen on becoming banks

Savings and credit saving societies (Saccos) will not compete with commercial banks, a senior sacco official, Carilus Ademba has said.

Justice Haddy Roche Re-instated

Sources close to the judiciary informed The Point Judicial desk that Justice Haddy Roche of the Banjul High Court had been re-instated as a High Court judge. According to the judicial sources, her re-instatement took effect from last week and that her name appeared in the court list of this week as Commercial Division Judge. It could be recalled that three High Court Judges, Justice Haddy Roche, Justice B.Y Camara and Justice Naceesay Salla-Wadda were this year sacked.

U.S. Embassy Banjul Announces its New Political, Economic Assistant

The acting editor-in-chief of The Daily Observer newspaper, Ebrima Manneh, has taken up appointment at the United States Embassy in Banjul, as Political and Economic Assistant. His duties will include research and report writing on a variety of political, economic and commercial issues. Mr. Manneh has a colorful background in journalism. He undertook an advanced training program in journalism jointly conducted by the AfricanVirtualUniversity, in Kenya, and the Indiana University of...

Fuel Shortage Hits Banjul, KMC

Reports reaching this paper have it that yet another bout of fuel shortage, mainly Diesel, is imminent in the Greater Banjul Area, forcing many commuters to jostle against one another for room in the few commercial vehicles or tarry for hours on end, especially during rush hours. According to the reports, petrol stations in and around Banjul have been virtually overwhelmed by commercial and private vehicles in a move believed by many to be geared towards hoarding fuel for fear of possible...

InFOCUS - Bakau Town

Millions of people have been irresistibly attracted to the wonders of the magical world of Harry Potter books, owing to the fantasies and the mental picture the books imprint in the minds of readers. For obvious reasons, and perhaps better known to some people, Bakau town erupted out of Kombo as a coastal town, offering an intimate, friendly home-away-from-home atmosphere, with distinctive glamour (and unique smell of fish!). The Gambia’s area was said to be once the nucleus of a viable...

Slok back next week Commercial boss speaks

Alhaji Babucarr S Sallah, head of commercial and marketing of the Gambian registered company, Slok Air International, has said that his company will resume normal operations next week. In an interview with the Daily Observer, yesterday, Mr Sallah said their planes were undergoing maintenance in Ethiopia. According to Mr Sallah, they had a maintenance contract with the Ethiopian airline at their base in Adis Ababa and two of their aircrafts were on a total overhaul. One of them, he added, will...

Blockade against Cuba goes to UN

Carlos Salsamendi, Cuban Ambassador to The Gambia, on Thursday issued a press release on the sixteenth consecutive year resolution on the necessity of ending the economic, commercial and financial blockade imposed by the United States of America on Cuba.  This resolution will be dealt with at the UN General Assembly on Wednesday. In his statement, Ambassador Salsamendi emphasised that last year, the resolution was approved by 183 of the 192 UN member states, with only four voting against and...