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'''Banjul''', (formerly Bathurst), population 42,407 ([[1993]]), is the capital of [[Gambia|The Gambia]].  The city is located on [[St. Mary's Island]] where the [[Gambia River]] enters the [[Atlantic Ocean]].  It is the only urban area in The Gambia and is the country's economic and administrative center.  Banjul's chief export is [[peanuts]].  [[beeswax|Beeswax]], [[palm]] kernels and [[palm oil|oil]], and skins and hides are also shipped. Peanut processing is the chief industry. The city was founded by the [[Great Britain|British]] in [[1816]] as a trading post and a base for suppressing the [[slaves|slave]] trade.