Albayrak
Albayrak is a Turkish investment company involved in port operations, specifically working under a concession agreement to manage the Banjul Port in The Gambia. The company has recently been in the news due to concerns over its application for a loan from Zenith Bank PLC, which raised questions about the potential use of the port as collateral, prompting clarifications from the Gambian Port Authority to reassure the public that the port remains government property.
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Gambia:
Albayrak, on the other hand, still needs to carry out geotechnical investigations at the proposed port site.
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Gambia:
Albayrak's loan application is being processed independently and cannot use the port as collateral.
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