GAMTEL, Business Economy, Debt Askanwi Gambia GAMTEL, Business Economy, Debt Askanwi Gambia

Who Will Pay? GAMTEL Faces Privatisation While D197M in Public Debt Remains Unpaid

The Gambia Telecommunications Company Limited (GAMTEL) is on the brink of privatisation, but critical questions remain unanswered—chief among them: who will settle the D197 million debt owed to the company by government institutions and state-owned enterprises? As the government moves to finalise a contract with an unnamed private partner, a damning audit report reveals years of unpaid arrears, political interference, and systemic failures that have left the national telecoms provider financially crippled and structurally adrift. More in this feature report.

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2024 Quarter Three: Debt Service Overcrowds Gov’t Expenditure in Key Economic Areas

Askanwi’s latest budget analysis shows that Debt Service continues to overcrowd Government’s Expenditure in key economic areas such as health, education, agriculture, and infrastructure in 2024, with the situation expected to worsen in 2025.

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Finance Minister to Table 2025 Budget Requesting Almost D53 Billion from Parliament

Information received by Askanwi Media highlights that the Minister for Finance and Economic Affairs (MoFEA) will table the 2025 Draft Budget tomorrow 15th November requesting Parliamentary approval for over D52.9 Billion in expenditure.

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FactCheck Update: MoFEA Confirms Darboe’s D110 Billion Public Debt Concern

The Ministry of Finance and Economic Affairs held a press conference on Friday 12th April 2024 confirming that the National Debt increased to D110.6 billion. This confirms that a claim made earlier in 2024 by the leader of the country’s biggest opposition party, Ousainou Darboe of the United Democratic Party, that Gambia’s debt has increased under the Barrow administration.

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