Gambia investment boom: Diaspora remittances fuel local economy

A sharp increase in the amount of money sent back home by expats is fueling an investment boom in The Gambia.
And much of that cash is ending up the real estate sector.
An estimated 120,000 Gambians live and work overseas, most of them in Europe and the United States.
It is a sign of hope for an economy that has been battered by the COVID-19 pandemic.
And the influx of cash is even drawing some back to the country.

Al Jazeera’s Ahmed Idris reports from the capital, Banjul.


#Gambia #GambiaRemittances #AljazeeraEnglish

[BoggWeasel]

Nice to see some positive news, go Gambia....👍

[ashifhossain]

The foods do looks testy to eat! :) Yes I'm feeling hungry!

[derar]

Well done people of the Gambia. I hope the government build roads and infrastructure to build on the success of the diaspora.

[mahmoodahmed]

Hospitals, infrastructure,schools,industries needed

[prodigygasper]

I Love seeing my country developing, GAMBIA ♥️💯🙏🏿

[codypeterson]

I believe < that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always. Those who hold the longest will profit the most, I trade and hold profits keep up the great work! and also Alice Marcella has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio from 37BTC to 73BTC lately.

[fidahusayn]

Love you Gambia🇬🇲, it reminds me of Barter system

[mkenyamzalendo]

50% of the GDP from diaspora remittance 😯

[kaydenpat]

Great to hear. Going to try to visit Gambia next year. Looks like a thriving country.

[englishforya]

“Focus on being productive instead of busy.” – Tim Ferriss

[navosesay]

Good job my Gambian brothers and sister. Sierra Leone, listen and learn oh. We need to take over the libanese shops in Freetown

[suryanaray]

In india day by day fear of gujarat type communal clashes democracy in danger peoples are feared UNO intervention is necessary to protect the secularism in india

[WhatAJhassay]

They fail to mention All the Jamaicans, African Americans, UK, Nigerians and others who are contributing to the economy as well. The need to build and open business is do to the influx demand.

[JusticePalestine]

I love Gambia. I pray for prosperity and happiness for Gambia

[m.k.s.]

I Dream, that: similar, can:
happen, to/for: Sri_Lanka etc.

[NunayoBisnez]

Looks like decimation of the environment and overdevelopment

[swtbrry]

This is so wonderful to hear! I see some familiar faces.

[Sonosista-]

They should interview Black Acres of The Gambia.

[suryanaray]

Honble UPA Chairperson Smt Soniagandhi madum please fight for to implement Ballot Paper voting system in next MP elections in 2024and to save democracy in india and public opinion in favour of Ballot Paper voting system and right to vote is fundamental right.public opinion is foundation of democracy .

[vonfalkenstein]

it's nice but how many of this investments are from illegal money?
Too many I have seen by myself not easy to walk in the streets of The Gambia to know about