Public Management

Port Authority of Dakar reports a 24.7% increase in turnover in two years

Port Authority of Dakar reports a 24.7% increase in turnover in two years
Thursday, 21 May 2020 16:09

The Director-General of the Port Authority of Dakar (PAD), Ababacar Sédikh Bèye, reported on 20 May a turnover of CFA61.3 billion (about $$102.4 million) in 2019, from CFA49.2 billion (about $82.2 million) in 2017. This makes an increase of 24.7% between the two years.

The official also indicated that the port establishment made a profit of CFA13.9 billion (about $23.2 million) in 2019. “This performance is the result of an 8.9% increase in turnover and a 17.4% drop in the operating expenses of the national company (in 2019 alone, ed),” he declared.

According to him, the good result is also “the outcome of the dynamism and commitment of the port actors who have spared no effort in implementing the PAD’s strategic development plan for the period 2019-2023.”
Launched in 2018, this 2019-2023 strategic development plan aims to improve the competitiveness of the port and attract much more traffic to position Dakar as a regional logistics hub.

André Chadrak

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Verdant Capital structured a $5 million equity placement for Polysmart Packaging Group. The funds will expand food-grade recycled PET production...
Askadar Housmane Sanou has been appointed to lead Burkina Faso’s state investment fund, CDI-BF. The fund, created in 2023, is central to...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with the deadline set for March 31, 2026. Banks have...
On February 27, 2026, AfDB's board approved a €6.5M investment in Saviu II — €4.5M in equity and €2M first-loss via the EU's Boost...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
03

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...

BOAD Defends Sovereign Bond Purchases as Liquidity Management, Not Budget Support
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.