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
Live News
-
Morocco Targets $297 Million Gaming Market with Huawei Partnership
18:42
-
In Lomé, experts explore communication as a lever for climate action
17:47
-
Algeria-Qatar $287m hospital project targets 2027 delivery
17:46
-
Two Pan-African Competitions Launch Applications, Offering Funding for Agri-Food and Digital Start-ups
17:38
-
Togo plans supplementary health cover to strengthen universal insurance
17:35
-
Mozambique begins construction of solar power plant to supply 1,200 rural households
16:50
-
Cotton Prices Reach 12-Month High on Supply Concerns and Rising Costs
16:45
-
Senegal’s Unemployment Rate Hits 23.3% Under Broad Definition, vs 5.4% by ILO Standard
16:39
-
Orange Bets on Digital Training to Drive Trust-Led Growth in Africa
14:35
-
Morocco to Host First U.S. Drone Training Hub in Africa
14:28
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
$287 million hospital project shows accelerated construction progress Authorities reaffirm 2027 commissioning timeline following site...
Mozambique starts solar plant project to power 1,200 households $12 million project backed by South Korea, built in Tete Initiative aims to...
Cotton prices hit 12-month high, rising 8.7% since December Gains driven by tighter supply, lower U.S. acreage forecasts Rising fertilizer...
Senegal broad unemployment rises to 23.3% in Q4 2025 Rate highlights underemployment beyond 5.4% ILO measure Youth, women, rural areas...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...