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Gambia is set to achieve a significant milestone by launching its first-ever stock market. The country has launched its first capital market recently
Gambia is set to achieve a significant milestone by launching its first-ever stock market. The country has launched its first capital market recently. This historic event paved the way for new financial opportunities within the country, creating an attractive environment for investors to participate in the nation’s economic progress.
The Capital Market of The Gambia will start operations at the central bank to help keep costs low. The new stock market will enhance the fundraising options available to businesses that grapple with high bank interest rates. The Gambia’s financial structure has been limited since independence and is incapable of meeting the financial and economic requirements of the country and its citizens for sustainable economic growth and poverty reduction.
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The stock market is expected to ease the liquidity crunch of the corporations in the country, which mainly depends on banking sources for funding their expansion and modernization activities. They charge a high rate of interest making sourcing of funds difficult and high cost. The stock market will enable corporations to access funds at a lower interest rate and can shore up the liquidity in the system.
