Dangote' eyes Gambian groundnut processing: a new economic catalyst?

Nigerian industrialist Aliko Dangote is among foreign investors considering a groundnut processing project in The Gambia.

Trade Minister Mod K. Ceesay stated on GRTS Radio that these investors are interested in refining locally produced crude groundnut oil into finished edible oil. A processing facility in Saro already produces crude groundnut oil, creating an opportunity for downstream industries. Ceesay noted the interest reflects growing confidence in The Gambia's investment climate from Kerr Fatou.

This potential investment aligns with The Gambia's goal to move beyond exporting semi-processed agricultural products, adding value domestically. The World Bank emphasizes strengthening public finances and empowering women economically to create needed jobs for the young population, especially given that 81% of workers are in the informal sector and 41.3% of youth are not employed, educated, or trained from World Bank Gambia. A groundnut processing industry could directly impact these areas by creating formal employment and fostering economic inclusion, particularly for women who face significant labor market constraints.

The end.

Read the full story →World Bank Gambia→

Further viewing & sources

• sourceWorld Bank Gambiaworldbank.org
• sourceKerr Fatoukerrfatou.com

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