His Excellency, President Adama Barrow reiterated the need to sensitize Africans, Gambian in
particular about the importance of insurance. He made the remark during a courtesy call by Board
members and Commissioners of the West African Insurance Companies Association WAICA at his
Fajara office.
President Barrow noted that insurance should cover everybody and
everything as is the practice in developed countries. Citing on the
composition of the membership, President Barrow said he was impressed
with what he described as “an African family in solidarity.” He recalled how
The Gambia benefited from such Africa solidarity during the political
impasse after the 2016 Presidential elections. The Gambian President said
that the New Gambia welcomes all and creates a new environment for people
to invest. He urged those in the Insurance sector to invest in The Gambia.
He observed the cross-generational membership of WAICA as a
demonstration of seriousness to encourage the young ones. Another
observation of the membership was that the past presidents of WAICA
members continue to serve in its board, and President Barrow concluded that
“when appointed as President and you serve well you remain President.”
The current President of WAICA, Mr. Rotimi Fashola, congratulated
President Barrow and prayed for guidance in his engagements. He noted that
WAICA came a long way and will continue to contribute to the Insurance
sector education. Mr. Fashola said WAICA League focus on insurance
education to the grassroots to reach a large number of people to accept the
insurance concept. He argued that the Insurance sector contributes to employment creation and
economic growth in The Gambia. It was also noted that the Insurance regulators would work
together to have laws that will guide the sector across the member countries.
In his introduction the Spokesperson of WAICA, Mr. William Coker said the visit was part of the 39th
anniversary celebration of their association and made an appealed for it to continue to benefit from
government subvention.
The delegation of 16 members from Nigeria, Liberia, Sierra Leone, Ghana and The Gambia was
accompanied by the Gambian Minister of Interior, Honourable Mai Ahmad Fatty, overseeing the
Ministry of Finance and Economic Affairs.
Amie Bojang-Sissoho
Director of Press and Public Relations
