Agriculture

Sunéor: Senegal’s government clears its debt to Abbas Jabbe

Monday, 01 February 2016 16:06

The government of Senegal doesn’t owe Abbas Jabber anymore”. These are the words of Senegal’s minister of agriculture, Papa Abdoulaye Seck, who announced the end of the saga that opposed the government to Sunéor’s former owner.

Everything the State owed Abbas Jabber in the framework of the firm’s transfer has been paid last Wednesday. Sunéor is now back to the government. Senegal therefore has full ownership of the company,” the minister told APS before indicating that the executive body would rapidly launch a call to offer to find a new firm with the capacity to run Sunéor appropriately. However, there is no way that the government would once more blindly give full control to the new actor as it plans “to define the modalities of the new transfer”.

This announcement comes a few months after government separated from Advens, the group previously running Sunéor. This separation fell in line with the restructuring of the country’s groundnut sector.

Aaron Akinocho

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

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