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%.
Côte d’Ivoire traced 40% of cocoa for 2024/25 season Most cocoa remains untracked due to info...
• World Bank raises 2025 growth forecasts for Benin, Mali, Burkina, Côte d’Ivoire• Senegal and Niger...
• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...
• UAC of Nigeria acquired CHI Limited, known for Chivita juices and Hollandia dairy, from Coca-Cola ...
IFC will provide up to $40 million to Banque Islamique du Sénégal (BIS) under a Mourabaha agr...
• TotalEnergies skips Gabon labor dialogue session amid subcontracting dispute• Union ONEP warns of possible strike, cites non-compliance with reforms•...
• Morocco’s budget deficit widens to $5.4B by September 2025• Revenue rose 17.4%, but spending outpaced at 18.9% growth• Financing needs nearly...
• ICASA to require Telkom to provide free Wi-Fi at 171 centers• Plan includes 30 Mbps speed, 2 GB monthly cap per user• Move updates old obligations to...
• Ethio Telecom, TINNO in talks to boost smartphone access• Plan includes local assembly, affordable ODM devices, installment sales• Initiative targets...
The Great Zimbabwe National Monument stands as one of southern Africa’s most iconic archaeological sites, a silent witness to a thriving African...
African countries prepare to celebrate Intangible Cultural Heritage Day Planned events spotlight traditions, rituals, and cultural...