The Gambian government put up for sale a fleet of three planes and many luxury cars, including Rolls-Royces owned by former President Yahya Jammeh. Finance Minister Amadou Sanneh (photo), told Reuters today May 11, adding that the money generated will be used to repay part of the country’s huge debt contracted under Yahya’s regime.
Indeed, these planes and cars were reportedly purchased with money from massive public fund embezzlement via public corporations, which amounted to more than $100 million, one third of the government's annual budget.
Sales outcome will soon be revealed. This operation was launched as IMF warned Gambia last May 9 against further borrowing after debt stock reached 130% of GDP at the end of last year.
However, this sales decision is being refuted and denounced mainly by Jammeh’s supporters who claim that this is “the former president's properties”, accusing the current president’s administration.
For the record, as soon as Adama Barrow took office as president, he set up a commission that visited Jammeh’s many properties and recently discovered in a jungle, a domain that hosts a mosque, a war training camp and a vast private safari park. The commission, which indicated that most of Jammeh's properties are hidden abroad, announced that efforts are underway to recover the looted assets.
Let’s also recall that Yahya Jammeh took power in a 1994 coup. He then went into exile in Guinea in January 2017, after refusing his defeat in the face of current president Adama Barrow following elections held two months earlier.
Olivier de Souza
Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...
In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...
Highlights: • New 1% US tax on outbound remittances to take effect January 1, 2026• Africa received...
The former Nigerian president has passed away. A feared military figure and controversial head of st...
Key Highlights • New national plan “Tchad Connexion 2030” earmarks $1.5 billion for digital tr...
Opened in 2021, Segilola is currently Nigeria's sole active industrial gold mine. Its operator, Thor Explorations, anticipates producing between 85,000...
Highlights: • 38 African cities ranked among the world’s 1,000 most dynamic for digital innovation in 2025, up from 36 in 2024• Nigeria leads Africa with...
Highlights: • 400,000 certified high-yield tea plants distributed to smallholders• Government allocates $27 million to renovate 19 tea factories•...
Highlights: • The project is expectec to cost around $80 million and cover over 100 hectares in Ngogom, Bambey.• It is led by MidWestern Logistics...
In southeastern Morocco, near the Algerian border, lies Merzouga—a small village at the heart of the Saharan desert, known for its monumental dunes and...
Ashenda is a vibrant traditional festival celebrated primarily in northern Ethiopia, particularly among the Tigray and Amhara communities, as well as in...