Public Management

Port of Dakar posted €16mln net profit in 2020

Port of Dakar posted €16mln net profit in 2020
Wednesday, 09 June 2021 17:31

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector could grow to $20 bln annually and create 20 mln...
• BRICS plans a guarantee fund to reduce political and financial risks in developing countries.• The fund will be managed by the New Development Bank...
BEAC granted Afreximbank the first-ever foreign access to the CEMAC public securities market. Cameroon raised $359.3 million via a...
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 92nd Ordinary Session on June 30, 2025. The Board...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
03

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso
04

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
05

• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...

Burkina Faso: Vista Group Acquires Controlling Stake in Société Générale
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

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

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.