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
-
Robotics: Micropolis-AfricAI deal to deploy autonomous ground vehicles in Africa
20:56
-
Cameroon: Kribi Industrial Zone expected to create 150,000 jobs over 15 years
20:41
-
Nigeria moves 2027 presidential election to Jan. 16 amid Ramadan overlap concerns
20:38
-
Algeria Adopts 2025-2029 National Cybersecurity Strategy
20:14
-
African Visual Art Gains Global Traction as Women Lead Auction Surge
18:56
-
Deon Nobrega Targets Employee Debt With Tech-Driven Wage Access Model
17:53
-
Michael Louis Targets AI Scaling Bottlenecks With Cerebrium
17:50
-
Malawi Turns to Ghana to Accelerate Digital Transformation
17:49
-
Cameroon Among Four Nations Hit by UK Student Visa Ban as Britain Cites £4bn Asylum Burden
15:46
-
Afriland First Bank RDC Faces Mounting Losses and Possible Exit of Its Main Shareholder
11:35
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Micropolis Robotics signs $9.3 million robotics deployment deal with AfricAI Unmanned vehicles planned for security, agriculture and border...
Kribi Port Industrial Zone could boost Cameroon growth by up to 8% Project aims to create about 150,000 jobs over 15 years Development of...
Nigeria moves 2027 presidential election to Jan. 16, 2027 Change avoids overlap with Ramadan after Senate and community concerns State governor...
Rand Merchant Bank and the Development Bank of Southern Africa are preparing a five-year $122 million green bond. The bond will finance...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...