AfDB to grant Senegal $1.4bn over next four years
Tuesday, 20 September 2016 08:17
In a statement released on September 15, the African Development Bank said it will grant Senegal a $1.4 billion financing between 2016 and 2020.
The money will be used to support agricultural processing and acquire infrastructures to boost production and competitiveness (energy and transport), the 2016-2020 Strategy Document for Senegal (DSP 2016-2020) states.
This strategy falls in line with the Emergent Senegal Plan (PSE), the 2014-2035 development strategy and Senegal’s priority actions plan for 2014-2018. It will support key projects of the PSE such as agropoles, the community development emergency programme, the regional express train, the promotion and modernization of cities as well as the strategic implementation and monitoring-evaluation of PSE.
Since 1972, AfDB has green-lit 95 projects, worth FCFA1.2 trillion, to Senegal.
Live News
-
Google Cloud and Liquid C2 Bet on Local Talent to Scale AI in South Africa
21:20
-
AfDB Launches Plan to Reorganize Africa’s Financial System, Not Just Fund It
21:14
-
Ethiopian Airlines and Asky Plan West Africa MRO Hub in Underserved Market
21:07
-
Cameroon’s Trade Gap With Gulf Narrows, but Energy Dependence Persists
21:02
-
Cameroon’s Frozen Fish Import Bill Surges as Local Supply Falls Short
20:41
-
Cameroon Steps Up Farm Mechanization With CFA400 Million Subsidy
20:30
-
Africa Emerges as a Global Outsourcing Hub, Led by South Africa, Nigeria and Kenya
20:28
-
Atos Teams Up With Morocco’s ABA Technology to Expand Sovereign AI in Africa
19:45
-
Togo plans 185 bln CFA francs in Q2 borrowing on WAEMU market
18:53
-
Togo strengthens regulatory control over measurement-related services
18:38
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
New Johannesburg center aims to train partners and expand AI capabilities Focus on moving local firms from resellers to solution developers Initiative...
AfDB launches initiative to redesign how Africa mobilizes and deploys capital Financing gap exceeds $400 billion despite large domestic...
Ethiopian Airlines and Asky plan a regional aircraft maintenance hub West Africa faces a shortage of MRO infrastructure Project enters a growing but...
South Africa, Nigeria, and Kenya rank as Africa’s most competitive outsourcing hubs Seven African countries place in the global top 25, matching Asia’s...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...