
04/03/2025
Fact-Check: False Claim About GCCI's $600 Million Enterprise Fund Partnership
Claim: A widely circulated Facebook post alleges that the Gambia Chamber of Commerce and Industry (GCCI) has partnered with the African Development Bank (AfDB) to invest $600 million in The Gambian Integrated Entrepreneurs Development Program.
The post invites individuals and businesses to apply for financial aid and grants through an online portal.
Fact-Check Findings by Malagen:
GCCI Denial: The Gambia Chamber of Commerce and Industry has officially refuted the claim, stating that the post is a scam and not offering any such funding program.
GCCI has urged the public to disregard the post and avoid engaging with it.
No Official Announcement: A review of GCCI’s official communication channels, including its website and verified social media accounts, reveals no such announcement regarding a partnership with the African Development Bank or a $600 million investment in any entrepreneurship program.
Suspicious Online Portal: The post directs users to a Google Docs link instead of an official government or organizational website.
This is a common tactic used by scammers to collect personal and financial information from unsuspecting individuals.
Misleading Engagement: The post has generated significant engagement on Facebook, with some users believing it to be legitimate. However, others have raised concerns, questioning its authenticity and seeking verification from GCCI.
Past Similar Scams: This is not the first time fraudulent posts have circulated online, falsely claiming that institutions like GCCI or the AfDB offer large sums of funding to individuals and businesses.
The claim that GCCI is offering $600 million in funding in partnership with the African Development Bank is false.
The post is part of a scam attempting to mislead the public. Malagen advises individuals to verify such claims through official sources before providing any personal information or engaging with suspicious links.
Always verify funding opportunities on the official websites or social media pages of relevant institutions.
Be cautious of online posts directing users to unverified links, especially Google Docs or form-based applications.
Report fraudulent posts to the relevant authorities to prevent others from falling victim to scams.
For accurate news and fact-checks, follow Malagen.