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%.
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Government orders talks to set “fair” Jet A1 prices Fuel costs jump nearly 267% in two months, straining airlines Sector warns of flight disruptions...
New 50 MW solar plant aims to improve power supply in rural Luapula Project reflects shift away from hydro dependence after 2024 drought Government...
Petrosen takes full control of Yakaar-Teranga gas project Government hails deal as a strategic recovery with no financial cost Timeline targets first...
PHC targets in-house refining to move up the value chain Project depends on output growth that has slowed in recent years Expansion comes as Congo...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...