4Stone Capital eyes Gambia’s economy

4Stone Capital is making moves to invest in The Gambia’s economy, with a focus on seizing the opportunities the country offers.

Dr. Elizabeth Kings-Wali, Managing Director of 4Stone Capital, revealed at a press briefing that the company is “looking at investing in The Gambia” due to the country’s promising prospects.

At the event, which was attended by notable figures in the African property market, including Dr. Fatoumatta Gaye, CEO of Top Solutions; Aikesh Pindoriya, Director of Swami India International; and Nyillan Fye, Business Development and Corporate Relations Manager at Global Properties, Kings-Wali described The Gambia as a “virgin land with great investment opportunities.”

She explained that despite the small population, 4Stone Capital is keen to explore every opportunity available in the country. “This is not about exploring Nigeria enough, or having footprints everywhere, because Nigeria is very big, with 36 states. We are not in all the 36 states, but you cannot have a presence everywhere. However, we are looking at starting with Africa, which is why we are looking at The Gambia,” Kings-Wali stated.

Kings-Wali further shared that the company recently ventured into real estate in Nigeria, beginning in Abuja, and that The Gambia’s appeal lies in its tourism, beaches, and potential for vacation homes. “The Gambia is a tourist destination. It is surrounded by water and known for its beaches. So, we are looking at going into the real estate business there and providing vacation homes for people,” she explained.

She also highlighted that, having worked in the finance sector, the company facilitates sector citizenship and sees this as a valuable addition to its plans in The Gambia. “Going to The Gambia may be our first international outing, but it won’t be the last; it is just the beginning. 4Stone is diversifying into the global market,” she said.

Addressing the challenges in the Nigerian financial market, Kings-Wali expressed optimism about future improvements, noting that some new policies will have positive effects by year-end.

Nyillan Fye, Business Development Manager at Global Properties, urged Nigerians, both at home and abroad, to invest in The Gambia’s property market. She emphasized the country’s potential, describing it as “small with big potential.” She added, “We want them to come to see and own properties in The Gambia. You can go on vacation, live there, take a break from Nigeria for the weekend, invest and make huge returns.” Fye also highlighted the benefits of property investment in The Gambia, including substantial rental returns.

She attributed the country’s growing appeal to the changing lifestyle, convenience, security, and good infrastructure. “4Stone Capital is doing great, and I am interested in seeing it have a branch in The Gambia as well,” Fye said, calling real estate a strong entry point for the company.

On The Gambia, Fye added: “We are a very small country of probably 2.6 million people, but one thing we are known for is our joy, love and happiness. We are always smiling, joking and making people happy. So, it is only right for 4Stone to come and invest in The Gambia.”