Gambia secures $100M Trade Finance Facility from BADEA

The agreement was finalised in Riyadh, Saudi Arabia, by Finance Minister Seedy Keita and BADEA President Abdullah Al-Musabbeh, according to the Ministry of Information, Media and Broadcasting Services. Officials say the financing will provide Gambian importers with greater access to funds, helping maintain supplies in the domestic market while supporting trade and broader economic activity.

“This is really good for Gambian businesses, but also for Gambian trade and commerce,” the Information Minister said. He added that the facility could help importers navigate disruptions in global supply chains and ensure that essential goods remain available to consumers. The deal comes at a time of heightened concern over international shipping routes, with the ongoing conflict in the Middle East affecting major trade corridors, including the Strait of…