(Ecofin Agency) - 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.