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Vol 45 No 5

Published 5th March 2004


Gambia

Babagate or floodgate

Jammeh is busy boasting of oil riches and arresting old friends for corruption

Gambians in search of hope after a decade of impoverishment and repression under President Yahya Jammeh's regime might have had their spirits momentarily lifted after he announced the discovery of 'large amounts of oil' last month. On further investigation, the news is more ambiguous. The large Amerada Hess Corporation of the United States looked at Gambia's offshore prospects but relinquished any interest. The small Houston-based Vanco Energy Company, too, was not enthused enough to investigate further the prospects of a concession straddling the border with Senegal.

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