6. Energy Business in Gambia: An Industry Review for Theoretical and Practical Implications

Based on the case study approach, this chapter precises the structural foundation of the Gambian energy sector to understand how the sector has become a key contributor of the Gambian economy. However, the sector encounters significant socio-economic challenges, the Gambian government’s revitalization policy has appeared instrumental to encounter the challenges. Following the recent trade and service liberalization policy, the energy sector, which has been very narrow for many years, in terms of its governance structure and contribution to the economy, is now moving positively forward with continuous investment opportunities. Private sector investment and further energy market development positively impact on the growth of the sector to help reducing the challenges of insecurity and unemployment in Gambia. The theoretical implications of this revitalization policy are discussed.