10 Belgian companies are eyeing Gambia for investment in various sectors of national development. Gambia, though small in size and population, it presents some of the best opportunities for investors and investments on the African continent.
The country serves as niche hub for trade, investment and easy access to other countries in the West African region. Some of the opportunities for lucrative investment one can find in the country are in such sectors as agriculture, fisheries, energy, air services, ICT, river transport and tourism. An international Belgian law firm, A-Law representative stated: “The Gambia has a very open investment policy”.
In addition to its open investment policy, which is driven the legal security to investments, The Gambia also has several magnetic features that attract investors to the country, such as competitive labor costs, highly stable economy, business friendly environment, and market access to West Africa and international markets.
According to the Gambia Investment and Export Promotion Agency (GIEPA), in The Gambia investors profit from a liberal market-based economy and the country has sustained fiscal and monetary discipline, as well as flexible exchange rates, and reliable laws.
With its business friendly environment, “The Gambia is ready for a takeoff and is easier than ever to start a business and access other West African economies, and starting a business is significantly less complicated when compared to other sub-Saharan African countries”, as well as significant improvements in cross-border trading.