Visiting Dakar in the framework of the annual review of the Senegal-Canada bilateral cooperation program, Canadian minister for global development and francophonie, Marie-Claude Bibeau, announced that her country would lend the African nation C$72 million (around €49.45 million). The funds will be used to support the Emerging Senegal Plan (PSE) and a technical assistance program.
The loan will be invested in three top-priority areas namely youth and children, food security and the promotion of sustainable and economic growth. While C$50 million will be dedicated to the implementation of the PSE over five years, C$20 million will support the technical assistance program which aims to reinforce Senegalese institutions and democratic governance.
The investment will allow the Senegalese Court des Comptes to boost skills and get competent personnel in order “to reinforce its capacity to conduct external audits”, the Canadian official said. “Canada is quite active in Senegal. It is a partner that we appreciate and where we plan to support education projects, related to young girls especially,” Bibeau said.
Invited by Canadian Prime Minister Justin Trudeau, Senegal’s President, Macky Sall, will be in Montreal next September 15.
Alain Okpeitcha
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...
In the wake of rising gold prices, several mining companies are accelerating the development of new projects. In Zimbabwe, U.S.-based Namib Minerals...
Benin approves construction contract for Cotonou Cultural and Creative Quarter 12-hectare site to boost arts, cultural industries, and international...
Denmark’s UPF Group opens logistics office in Douala, Cameroon Move expands African footprint, targeting stronger regional service and reach Entry...
Agreement supports marine protection, funding access, and blue economy growth Draft law approved by ministers, now awaits parliamentary vote Togo...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...