US EditionTouray Hopes US$20M Murabaha Financing Agreement Will Stabilize Cement Market
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Touray Hopes US$20M Murabaha Financing Agreement Will Stabilize Cement Market
By: Malanding Darboe Long-standing cement dealer Alhagie Touray has expressed the hope that the US$20M Murabaha Agreement that the Gambia government signed in February will stabilize “the volatile” cement market. For the past year, the cement market has been bogged in uncertainty and upheavals thanks to the imposition of a 300% tariff on a bag of imported cement by the Gambia government. The tariff increase led to the destruction of livelihoods,…
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