Saturday, January 18, 2014

Greek partners to sue Jammeh for € 40 million

The 27-year old ferries with troubled maritime histories are causing additional headache for Yaya Jammeh and his dying regime - a regime that is coming under increasing pressure to mend its ways, however late in the day.  It now appears that the joint venture between Gambia government and Gallia Holdings of Greece with 45% and 55% respective share holdings is becoming unstuck with the Greek partners looking poised to sue Gambia for a reported sum of € 40 million.  The Greeks who were in Banjul to manage the deal and train Gambia Ports Authority operators are reported to have shortened their stay and have returned to Greece. This is a developing story....