AGP Executive Report
Last update: 11 hours agoOffshore Oil Deal: The Gambia has signed a Petroleum Exploration, Development and Production Licence Agreement for offshore Block A1 with Eni, bringing a deepwater operator into the Atlantic Margin and expanding the country’s exploration push. IMF Support: The IMF says it will step up financial support for at least four African countries affected by the US–Israel–Iran war, including The Gambia, with authorities requesting a 20% augmentation of its existing programme. Power & Internet Shock: A nationwide internet outage hit major telecoms and ISPs after power loss at the ACE submarine cable station in Sukuta, worsening business pressure during ongoing electricity instability. Electricity Debt Watch: Nawec’s alleged debt to regional utilities is put at about US$58m total (Senelec and Guinea’s EDG), lower than some public figures, as the utility navigates the post-Karpowership transition. Trade & Security Risk: A policy brief warns Iran-related conflict risks to The Gambia via fuel and food import shocks, remittances, tourism, and agriculture. Business & Governance: ECOWAS and WILDAF trained women cross-border traders in agribusiness in Banjul, while Trust Bank donated $10,000 to SOS Children’s Village. Energy Sector Leadership: Energia appointed Tai Oshisanya as an independent non-executive director, strengthening board governance. Sports: Trust Bank and Bloom Bank set for the Famara Jatta interbank trophy final tomorrow.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.