The Port Authority of Dakar ended 2020 on a positive note, achieving a net benefit of €16 million over the period.
"The financial statements closed on December 31, 2020 and reviewed by the auditors show a net profit of more than CFA10.56 billion (€16 million) after payment of more than CFA3 billion in corporate taxes," CEO Ababacar Sédikh Bèye (pictured) said yesterday during the general meeting of shareholders.
Although positive, the figure is down 24% compared to the net profit of CFA13.9 billion reported in 2019. The 2020 turnover is also down by 2.7% compared to the previous year when revenues had reached CFA61.3 billion.
According to Ababacar Sédikh Bèye, a number of facts have impacted the result achieved in 2020. "These are the collection of dividends from Dubai Port (DP) and Dakar Terminal (+CFA6 billion), the gain on the outcome of the G3S case (+4.2 billion), the rental of SONACOS land for the parking lot (-1.86 billion) and the contribution of the port to the Covid Force Fund with nearly CFA1.2 billion," he explained.
For 2021, the head of PAD wants to reach the objectives set out in the Strategic Development Plan (PSD) 2019-2023.
Romuald Ngueyap
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the...
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader...
• IFAD initiates a program worth $358.26 million to bolster dairy sector in Kenya, Rwanda, Tanzania, and Uganda • The program, called DaIMA, aims...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...