In February, Japan funded an artisanal fishing project in Casamance.
Japan agreed to grant Senegal $31 million in aid to boost development in the African country. The deal was signed between Senegal’s Minister of Economy, Planning, and Cooperation, Dr. Abdourahmane Sarr, and Japan's Ambassador to Senegal, Izawa Osamu.
This financial aid aims to bolster several critical sectors for Senegal's development. It is "intended for sectors such as health, agriculture, and security, as well as for better human capital management," the ministry wrote on X on July 19.
The funding will help improve infrastructure and strengthen the healthcare system's capacity. Additionally, it will boost the productivity and sustainability of the agricultural sector.
This is the first grant between Japan and Senegal under President Diomaye Faye’s administration. It comes as Senegal's economic outlook has significantly improved. According to the IMF, economic growth is projected at 7.1% in 2024 and 10.1% in 2025, with inflation expected to decrease and stay within the BCEAO’s target range by the end of 2025. In 2023, growth was over 4.6%.
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,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Arcius commits $500 million to Egypt’s Harmattan gas project Development targets 125 million cubic feet daily output by 2028 Investment aims to...
Ghana withdraws from Africa Energies Summit over representation concerns Industry body criticizes lack of African participation in panels Move aligns...
Eni discovers 2 Tcf gas at Egypt’s offshore Temsah block Find near existing infrastructure could accelerate development Discovery supports Egypt’s...
Togo, Burkina Faso discuss cooperation on Lomé-Ouagadougou corridor Talks target delays, corruption, congestion, logistics bottlenecks Initiative aims...
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...