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
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...
Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...
Congo has approved the acquisition of Chemaf by U.S. company Virtus Minerals The deal includes $30 million for equity and plans for $750...
The International Monetary Fund (IMF) held a three-day training session for economic journalists in Kinshasa from March 17 to 19, 2026, in collaboration...
Liz Westcott is confirmed as CEO after serving in an interim role since December The appointment comes as Woodside expands operations, including in...
World Bank approves $135 million to support Senegal’s health system reforms. The Naatangue 2030 program targets maternal, child, and adolescent...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...