Invest Gambia on Tuesday, 19th June, signed a Memorandum of Understanding (MoU) with the Gambia-German Chamber of Commerce (GGCC) at their head office along the Kombo Coastal high way.

The MoU which largely deals with the strengthening of the economic and commercial links, as well as immense possibilities of exchange programmes between The Gambia, Germany and native German speakers in countries such as Austria, Switzerland etc.

Speaking at the event,  Ebrima Sanyang, the chairman of Invest Gambia noted that The Gambia seeks to earn benefits in various sectors; ranging from bilateral trades, environmental issues, scholarships, tourism, medical sectors and exchange programmes.

According to him, the MOU stated that the singing of it by both associations shall encourage and promote, in accordance with their respective laws and regulations, education, co operation between the two associations in the fields of finance, health care, education, investments, technology transfer, joint ventures and collaborations and mutual benefits; and shall determine, by mutual agreement and areas and subject of such cooperation.

Sanyang said that GGCC is a sole partner to Invest Gambia that stands as a gate way to other stakeholders, entrepreneurs and investors. “We look forward also to, wherever it is possible and appropriate, exchange information and assist each other in the organisation or participation in international fairs, exhibitions and trade promotion events to be held in their respective countries. We would also assist and encourage their members to participate in such events,” he stated. He noted that the newly inked initiative stands to do its quota in the government’s developmental ideologies.

Sanyang pointed out that the mission of Invest Gambia is to ignite innovation, enterprise and creativity to accelerate the evolution of sustainable community towards the drive for economic growth and productivity across the country, so as to recognise the Gambia as world class nation in which to invest, work, learn, visit and be successful in creating wealth to benefit all her people and stakeholders.
He further said that Invest Gambia will continue to complement government’s initiative for developing economic prosperity.

Tirk Hamer, the president of GGCC  remarked, GGCC has decided to use Invest Gambia wherein they see possibilities of creating a lot of opportunities. He indicated that GGCC is a non-profit making organization that seeks better trade and other possible initiatives through Invest Gambia.

He revealed that they have so far held talks with the German government, as well as negotiations with stakeholders, investors and many more, and they are looking forward to earn products through the exchange such as fish which, he said is in high demand; cashew with its nuts, and also the different varieties of groundnut

Hamer concluded by clarified the issue that the products wouldn’t be mostly taken as raw materials and then processed in the various countries but they wish to involve The Gambia in the production and refinement process of the products.