News Agriculture

Senegal Plans 38% Budget Increase for Agriculture in 2026

Senegal Plans 38% Budget Increase for Agriculture in 2026
Thursday, 20 November 2025 19:30
  • Senegal plans CFA427 billion ($750.7 million) in agricultural spending for 2026, up 37.88% from 2025.
  • The increase stems mainly from new planned external financing agreements for agricultural programmes.
  • Senegal imported $1.88 billion of food annually between 2021 and 2023, according to UNCTAD.

Senegal plans to raise its 2026 agriculture budget by nearly 38% as the government scales up investments to strengthen food security and modernise the sector, the Ministry of Agriculture and Food Sovereignty said on 19 November.

The ministry said in a statement that the government authorised public spending commitments of CFA427 billion ($750.7 million) for the 2026 budget. The allocation exceeds the amount approved under the 2025 finance bill by 37.88%.

The ministry said the increase mainly reflects expectations of new external financing agreements for agricultural projects and programmes.

In its 2026 draft finance bill published on 16 October, the government reaffirmed its goal of turning Senegal into an agricultural power capable of achieving food sovereignty. It structured its strategy around three pillars: raising agricultural output, strengthening innovation through research, and improving governance in the sector.

The government outlined several measures to operationalise these priorities. These include establishing Community Agricultural Cooperatives (CACs), expanding irrigation and water-management infrastructure, and upgrading storage, conservation and processing facilities for crops and livestock. Authorities also aim to expand agricultural mechanisation through dedicated national services.

In August, the agriculture ministry announced plans to build a tractor and farm-equipment assembly plant in partnership with Turkey’s Albayrak Group and other technical and financial partners.

Reducing dependence on food imports remains a central objective of Senegal’s push for food sovereignty. In its July 2025 report The State of Commodity Dependence, UNCTAD said Senegal imported an annual average of $1.88 billion in food between 2021 and 2023.

This article was initially published in French by Stéphanas Assocle

Adapted in English by Ange Jason Quenum

On the same topic
World Bank approves $215.9 million to support Burkina Faso agriculture Program targets rice, maize productivity, processing, market...
Nigerian Breweries Plc launched a pilot barley cultivation project involving 1,000 farmers, targeting over 1,000 tonnes of output in 2026. Nigeria...
Nigeria launched the Youth in Agribusiness Land Trust Fund (YALTF) to improve young people’s access to land and agricultural training. The program...
DR Congo approves $7 million Kinshasa poultry project with Egg's For Congo Ten-year PPP aims to manage parent farms and industrial...
Most Read
01

The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...

BCEAO Cuts Key Rate to 3.00% as WAEMU Faces Deflation
02

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
03

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
04

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
05

Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...

Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
Enter your email to receive our newsletter

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.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.