Last February 26, the West African Development Bank (BOAD) signed a financing agreement worth CFA5 billion ($9.3 million) with Senegal’s national bank for economic development (BNDE).

 The fund will be used in part to refinance the 2017-18 peanut marketing campaign which began in December 2017. By using the fund the in agricultural and in the peanut sector, in particular, the Senegalese bank wants to encourage the transformation of peanut before exports.

For the record, in 2017, BNDE and BOAD signed an agreement enabling the Senegalese party to fund the development of SMEs specialized in the transformation of agricultural products. 

Chamberline Moko