INVEST IN GAMBIA

Invest in Gambia

INVESTMENT SECTORS

AGRICULTURE

Agriculture is the most important sector in The Gambian economy and one of the priority areas of development, particularly in the new global climate of price escalation of staple food items and oil.

The Gambia has 558,000 hectares of very good quality arable land, of which only 200,000 hectares are currently under rain fed agricultural production.

The Gambia has great potential for irrigated agriculture, with fresh water from the River Gambia, rain water if harvested, and fossil water that can be drilled. It also has a weather pattern that is suitable for almost all production. The Department of State for Agriculture, within its mandate to develop and modernize agriculture, will readily give all necessary support and incentives to any serious investor, who wants to invest and operate in the sector and support Government’s efforts to develop the sector.

The relevant technical departments, the technical expertise and trained personnel, are all readily available in the country: the agricultural sector has the highest number of graduates, degree and PHD holders in the country. The sector also offers great potential for value adding processing and transformation of all agricultural products, for both the local and international markets. All agricultural goods entering the national territory enter free of charge i.e. no custom duty is charged.

The Gambia is at the implementation stage of the Vision 2020 blueprint, and wants to become an “export oriented agricultural nation”, and transform and process all such products, for the local and international market, through a reputable and high quality made in The Gambia brand.


ENERGY

The major energy resources in Gambia are firewood, electricity, petroleum imports, Liquified Petroleum Gas (LPG). Due to the rapid population growth, demand for energy has far outstripped the ability of the state owned utility, NAWEC, to supply the country. However, there have been some appreciable achievements in the provision of electricity services in recent years.

Investment opportunities

  • Increase of generating capacity that is presently inadequate (coal fired power station, solar farms, ect)
  • Capital investment to improve the poor state of the transmission and distribution system which result in high technical losses and un-metered consumption estimated at about 40%
  • Improving efficiencies so as to reduce the extremely high cost of energy estimated at an average of US$0.18
  • Encouraging green energy through use of Solar Energy and windmills

 


FISHERIES

The Gambia’s fisheries sector is internationally competitive as its marine and river waters are endowed with a multi-species fishery of high value demurrals, crustaceans, cephalopods and mollusks together with large quantities of pelagic (sardinella, Red mullet, Horse mackerel, cranx, shads, catfish, grunts, jacks, snappers etc). It has a continental shelf of 4,000 square kilometers and an Exclusive Economic (fishing) Zone (EEZ) of 19,500 square kilometers with an estimated fish yield of around 75,000 tonnes per annum and a current annual off-take of around 29,000 tonnes which is far less than the potential of the sector.

COMPETITIVE ADVANTAGES

  • The country has a liberalized economy and a unique geographical location making accessibility to markets in Europe, USA, Africa and Asia easy and faster by air and sea
  • Fishing can be carried out all year round
  • The EU-ACP Cotonu Agreement provides excellent opportunities for trade in seafood products.
  • Existing fishing companies with factories have vast experience in processing of value-added products and the modalities of international seafood marketing; many of them have already been certified according to EU import regulations and are capable of meeting the demands of prospective importers in Africa, Europe, Asia and the USA
  • Fishing vessels registered in The Gambia can easily obtain a license to operate in neighbouring Senegal through the reciprocal fishing agreement existing between the two countries. This will provide them with larger operating zones and better fishing prospects
  • Customs and Excise duties are not levied on exports of seafood products or on the imported capital equipment and packaging materials
  • Development of a fishing port

INVESTMENT OPPORTUNITIES

  • Fish and Shrimp Farming,
  • Fish Processing at industrial level – smoking, canning and export of fresh fish
  • Aquaculture
  • Provision of cold storage facilities
  • Building Fishing Boats and Trawlers
  • Financing/leasing of fishing vessels