The Gambia Gets US$30M From World Bank's To Shore Telecom Sector
The West Africa nation of The Gambia has received a grant of about thirty million US dollars to help firm-up its flagging telecommunications and energy industry. The award was provided to it by the World Bank.
According to Elene Imnadzee, the World Bank's regional representative said this is the first part of a two-step programme to enable The Gambia "undertake" the necessary reforms that will help it achieve better fiscal management and stabilise these strategic industries.
Before now, the stakeholders of the telco industry in the country have been crying out for more investment to drive network coverage infrastructure and deliver quality services. Gamtel and Gamcel - both publicly-owned telecoms companies - have severally petitioned the government to fund their operations so they can survive adequately.
The Gambians have therefore welcomed the grant provided by the World Bank.
Credit: Contribution from ITWeb Africa