info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
FDI in Figures
Rising over the recent years, FDI inflows, which contributed to 10% of the GDP in 2007, petered out since 2009 due to the global recession. They have again reached stable levels thanks to the current economic recovery.
Gambia offers tax incentives, transparent and simple procedures and a strong potential in the tourism and re-export sectors. Its limited size and its landlocked position can be impediments to investment. The business climate is not very satisfactory, and the country ranked 151st in the World Bank's 2016 Doing Business report, a decline compared to 2015. According to the international financial institution, there has been a worsening of the business climate in terms of business creation. In April 2015, the Chinese group Zoeve Seed Company entered into a preliminary agreement to invest in Gambian agriculture (a project that concers 1,000 hectares of land). In May 2016, Gambia received a USD 5.7 million loan from the International Fund for Agricultural Development (IFAD) to strenghten the resilience of its food production. Furthermore, in May 2016, potential Chinese investors visited the Port of Banjul, the country's capital, to assess infrastructure needs.
Agro-processing activities and tourism attract most of the FDI. The main partners are India, Lebanon, Mauritania, China and the United Kingdom.
