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 to provide $21.2M financing to Senegal’s Carrefour Médical Funds to expand local production, including dialysis kit components New...
Wise, a UK fintech, has received conditional approval to operate directly in South Africa, marking the company’s first regulated, on-the-ground...
Zazu raised $1 million in pre-seed funding to enter South Africa and Morocco ahead of a 2026 Africa-wide rollout. Over 1,000 SMEs are on...
FG Gold secured $330 million from AFC and Afreximbank for Baomahun, bringing total commitments to $430 million. The project aims to deliver...
Most Read
01

Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...

Tanzania’s Mobile Money Goes Global: Vodacom Partners with Visa, Alipay, and MTN
02

Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...

Anthropic Partners with Rwanda, ALX to Deploy Claude-Powered AI Learning Companion Across Africa
03

Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...

Togo’s Kossi Ténou Appointed President of AMF-UMOA
04

JA Africa launches $1.5M digital safety program in four African countries Initiative to ...

Google.org, JA Africa to Train Children, Teachers and Caregivers in Digital Safety
05

Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...

Major Tech Reforms Needed for Francophone SSA to Attract More Investment, Report Says
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.