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Senegal seeks Vietnamese investments in telecoms

Friday, 20 March 2020 15:38
Senegal seeks Vietnamese investments in telecoms

(Ecofin Agency) - The government of Senegal has announced plans to attract Vietnamese investors in its telecom sector. A partnership in that regard was discussed last week in Dakar, between Nguyen Thanh Vinh, the new Vietnamese Ambassador to Algeria and Senegal, and the President of the Republic of Senegal, Macky Sall.

During this trip, the Vietnamese envoy also met with the Senegalese Minister of Foreign Affairs and the Minister of Commerce to explore partnership opportunities in other domains

Currently, in Africa, the main Vietnamese investment in telecommunications is the Viettel Group which ended 2019 with a turnover of $11 billion. Present in Cameroon, Burundi, Mozambique, and Tanzania, the company is also eying Ethiopia.





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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