Investors accuse government of red tapism for not clearing path to spur economy

By Kebba Ansu Manneh February 4, 2022

Even as unemployment and economic hardships continue to bite the average Gambian, sixteen investors are pointing fingers at the government for not clearing the path for them to invest in the country after submitting their letters of intent.

This revelation comes on the heels of the investors earlier claims that more than $2.5million worth of medical equipment is still languishing at the ports in Banjul without getting approval from Gambian government to clear the consignment.

According to them, the letters of intent were made to express their willingness to invest in the Gambia thus contributing to job creation and youth unemployment in the country. “We have sent sixteen letters of intent to the President Adama Barrow but still we are yet to receive any reply to any of these letters. These letters of intent are from different investors who want to explore the opportunities in the Gambia by investing in their wealth,” our source revealed.

According to the source, Futurenet Foundation Company, SmartKass Company, Premium Company, Schoenberger Company, Euro Finance Capital, International Football Development Association (IFDA), Global Power Energy, Fako, is among companies that had sent their letters of Intent to President Adama Barrow without getting any reply to date.

The source disclosed that some members of the royal family sent in their letter of intent to President Adama Barrow without getting any reply, adding that the investors from the Royal family intend to invest in the energy sector of the country to address electricity supply and distribution.

The source also disclosed that the chief executive officer of Schoenberger Company, Micheal Mayer has also expressed his intention to invest in Mosquito Net Factory and Plastic Company in the Gambia, revealing that the Company intends to create five hundred (500) jobs for Gambian youths.

The source revealed that EuroFinance Capital also wrote expressing their desire to invest £100m on a cannabis project, adding that International Football Development Association (IFDA) and Global Power were all interested to invest in the country but we are not getting any reply from the President, Adama Barrow.

The Progress newspaper have been told that some of the investors have been in touch with Alhagie Fatty Protocol Officer Statehouse (Main Contact), Fatou Ceesay of Fatoumatta Bah Barrow Foundation, Buba I Sanneh, now at Gambian Embassy in South Africa and Halima Tambedou to enable them hold one-on-one meeting with President Adama Barrow.

The source accused the former Minister of Youths and Sports, now Presidential Adviser Henry Gomez of playing double standards for failing to secure a diplomatic passport for only one out of the four investors who were okayed to be issued with this document.

“Henry Gomez facilitated the issuing of diplomatic passports to Mario Daser without the knowledge of other Investors. He held a ceremony for Mario but later Mario was arrested in Germany when he was with Hendry,” Our Source revealed.

Our source added that a permanent secretary at the office of the president was recently reportedly directed to issue issue diplomatic passports to Rene Schwarze German National, Mario Daser German, Andreas Hermut and Brandi Nidal Baumgartner Swiss National in a bid to entice investors to the Gambia.

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