Public Management

Senegal: Saudi fund SFD to lend US$47 mln for the rehabilitation of Orofondé-Nguidjilone road

Senegal: Saudi fund SFD to lend US$47 mln for the rehabilitation of Orofondé-Nguidjilone road
Wednesday, 24 August 2022 19:24

In June 2021, Senegal launched works to improve roads, and therefore open up the Dandé Mayo region, in the northeast. In its bid, the country is supported by international partners.   

The Saudi Fund for Development (SFD) will loan Senegal US$47 million for the rehabilitation of the Orofondé-Nguidjilone road. The related loan agreement was signed at the Senegalese Ministry of Economy on Tuesday, August 23.  

The project aims to widen the 62-km road and make it more secure per standards approved in the WAEMU region, the SFD explains. The project will also help facilitate access to transport and telecommunication services for surrounding inhabitants.

"This very important project will not only open up the region but also boost trade between the Dandé Mayo area and the rest of the country while improving inhabitants' living conditions. In addition to improved mobility, they will have easier access to basic social services, health care facilities, and education," reads a release from the Senegalese Ministry of the Economy.

The rehabilitation project is the second phase of the 104-km Dandé Mayo Nord road construction project, which is funded by the Senegalese government and its international partners (the SFD and the West African Development Bank). 

The project also includes the construction of seven bridges to open up Dande Mayo, facilitate access to agricultural and mining areas as well as promote trade and economic cooperation with neighboring countries. 

Jean-Marc Gogbeu

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Phatisa reaches $86 million first close for food fund Backed by BII, IFC, and other development finance institutions Fund targets Africa’s food...
Gabon Loisirs et Tourisme acquires Newrest Gabon operations Deal covers 300 employees, nine sites, and industrial catering services Takeover...
PenCom licenses Awabah as the first approved pension agent Move targets informal and self-employed workers under the micro pension scheme Reform aims...
Mali plans to raise CFA1,450 billion on the WAEMU financial market in 2026 Issuance will be spread quarterly through Treasury bills and bonds Regional...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
03

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
04

The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...

Togolese Fintech Semoa Wins Full-Service BCEAO License
05

MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...

MTN’s Talks to Buyout IHS: A Strategic Reversal That Could Reshape African Telecoms
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.