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The World Bank has allocated $30 million to The Gambia to support reforms
in the energy and telecommunications sectors, AFP reported.
It is understood that the World Bank will provide funding in the form of grants aimed at improving financial sustainability and service delivery
.
In particular, the goal of this funding is to better and more transparently manage the debt and public investment
of state-owned enterprises.
TeleGeoGeography's GlobalComms database said the Gambian government had committed to reforming state-backed fixed-line operator Gamitel and its troubled mobile subsidiary Gamcel, and the cabinet agreed in February 2019 to restructure the two companies and subsequently divest
their shares.
The plan states that Gamcel will "operate under independent management that is not under the control and influence of Gamtel," and that Gammel will "be restructured and repositioned to make it more effective and efficient.
"
In May 2019, telecommunications regulator PURA reported that Gamtel was unable to pay its arrears in regulatory fees, while Gamcel's general manager at the time told the National Assembly's Public Enterprises Committee to "increase capital injections or help obtain concessional financing" to scale, stabilize and modernize infrastructure to compete effectively in the market
.
According to GlobalComms, Gamcel is the smallest cellular network company in the country, far behind private sector operators Africell, QCell and Comium
.
The World Bank has allocated $30 million to The Gambia to support reforms
in the energy and telecommunications sectors, AFP reported.
It is understood that the World Bank will provide funding in the form of grants aimed at improving financial sustainability and service delivery
.
In particular, the goal of this funding is to better and more transparently manage the debt and public investment
of state-owned enterprises.
TeleGeoGeography's GlobalComms database said the Gambian government had committed to reforming state-backed fixed-line operator Gamitel and its troubled mobile subsidiary Gamcel, and the cabinet agreed in February 2019 to restructure the two companies and subsequently divest
their shares.
The plan states that Gamcel will "operate under independent management that is not under the control and influence of Gamtel," and that Gammel will "be restructured and repositioned to make it more effective and efficient.
"
In May 2019, telecommunications regulator PURA reported that Gamtel was unable to pay its arrears in regulatory fees, while Gamcel's general manager at the time told the National Assembly's Public Enterprises Committee to "increase capital injections or help obtain concessional financing" to scale, stabilize and modernize infrastructure to compete effectively in the market
.
According to GlobalComms, Gamcel is the smallest cellular network company in the country, far behind private sector operators Africell, QCell and Comium
.
