The Powership will soon shift from the use of heavy fuel oil to gas. This fuel switch-over will generate material reduction in Senegal’s fuel bill with positive spill-over effect on electricity costs in line with the Plan Sénégal Emergent.
Digital payments stimulate domestic production and consumption. If 50% of temporary workers in Senegal received payments digitally, 45 billion CFA francs would be added to GDP per year.
Proparco, a Development Finance Institution partly owned by the French Development Agency (AFD), granted a new portfolio guarantee to BICIS, to offer loans that are 80% guaranteed by AFD Group to Senegalese VSEs and SMEs.
Agence Française de Développement (AFD) in its shared Innovation series highlights seven innovative programs created or developed by African countries to combat covid-19.
The commercialization of alternative transnational telecommunications infrastructures is now a reality in West Africa following a public-private partnership.
African Energy developments demand sustained investment with new projects in Mozambique, Tanzania, Uganda, and Senegal
In the past twelve months, the African energy sector has seen several encouraging developments, in the form of both Foreign Direct Investment (FDI) and strategic partnerships, that have advanced the sustainable development of its natural resources.
Technology group Wärtsilä will convert the close to 90 MW Bel-Air power plant in Dakar, Senegal to operate on liquefied natural gas (LNG).
In this sense, the country has placed a major focus on developing in-country financing capabilities necessary for training, up-skilling and engaging local companies and individuals.
Russian multinational Lukoil will not proceed with its non-binding bid to acquire FAR Limited’s stake in Senegal’s Rufisque, Sangomar and Sangomar Deep (RSSD) project, according to a statement by the Australian oil and gas explorer.
Solar home systems social enterprise startup Baobab+ has raised €4 million in financing for the expansion of its activities in Côte d’Ivoire and Senegal.
While South Africa is home to the largest concentration of data centers on the African continent, the appeal of West Africa seems to be growing, with new developments planned for both Senegal and Nigeria.
PetroNor, the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announced it has been unable to reach a satisfactory solution with Senegal.
KARMOL, a joint venture between Karpowership and Mitsui OSK Lines, said its first floating storage regasification unit (FSRU) is set to begin sea trials off Singapore, ahead of its deployment to Senegal.
The President of The Union of Service Providers, Industrialists and Merchants of Senegal (UPIC), Amadou Seck, has met with a group of Saudi Arabian investors to discuss new investment opportunities in Senegal.
Senegal on Tuesday began its vaccination campaign against the coronavirus with 200,000 doses of vaccines bought from China.
H.E. President Macky Sall is seeking to ensure a swifter progression of oil and gas projects in the country
FAR announced it received a conditional non-binding indicative proposal from PJSC Lukoil, a publicly traded energy company, to acquire 100% of the shares of FAR at A2.2c cash per share.
General Electric, GE, has secured an order to supply gas power generation equipment for West Africa Energy’s 300 megawatt (MW) combined-cycle power project in Cap des Biches, Dakar, Senegal.
Beginning March 28, Air Senegal will commence flights from Dakar to Lyon operating three times weekly using an A321. Outbound flights to Lyon will be operated with a stopover in Marseille.
Oil and gas exploration company FAR announced that Woodside Energy exercised its pre-emptive right to acquire FAR's interest in the Senegal RSSD Project.
Funds advised by Kasada Capital Management announced the first transaction made through the debut fund, Kasada Hospitality Fund LP, acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest.
Senegal is the hotspot for energy investment in West Africa right now, owing to a string of huge offshore hydrocarbons discoveries since 2014, as well as its compelling renewables potential.
SOFEC announced first steel was cut on December 26th, 2020 for the turret mooring system for the RSSD Joint Venture FPSO External Turret Mooring System Project destined for the Sangomar Field Development offshore Senegal.
MODEC awarded operations & maintenance contract for Sangomar field development FPSO offshore Senegal
MODEC has signed a contract with Woodside Energy for the operations and maintenance of a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar Field Development Phase 1 project offshore Senegal.
The International Fund for Agricultural Development (IFAD) is partnering with FAO, WFP, the G5 Sahel and the Green Climate Fund to revitalize economic activities and food systems in the Group of Five Sahel countries, Burkina Faso, Chad, Mali, Mauritania and Niger, and in the Republic of Senegal.
Woodside has given notice exercising its right to pre-empt the sale by FAR to ONGC, of FAR’s entire participating interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture in Senegal.
Senegal is to boost its position as a trade hub for Africa by joining the World Logistics Passport, a major initiative by Dubai to link nations around the world and increase South-South trade.
Australian natural gas producer, Woodside Energy announced a delay in its drilling activities in Senegal’s Sangomar offshore wells.
As part of its Young Africa Works program in Senegal, the Mastercard Foundation has partnered with Pan-African fintech InTouch to support the 10 000 Jambaars project, which will deploy a network of 10,000 agents to provide digital services.
Endeavour Mining and Teranga Gold have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the Canada Business Corporations Act.
The International Islamic Trade Finance Corporation (ITFC), has approved a Grant Agreement for the Senegalese Groundnut Oil Processing Company, SONACOS, to acquire new laboratory analysis equipment.
FAR announced that together with its wholly owned subsidiaries FAR Senegal RSSD SA and FAR Holdings 1 Pty, has entered into an RSSD Sale and Purchase Agreement with ONGC.
Shearwater GeoServices announced the award for a large towed streamer 3D acquisition and Fast Track processing project by Total Senegal.
The OPEC Fund for International Development (the OPEC Fund) has signed a $20 million public sector loan agreement with Senegal to co-finance a project that will boost food security.
Credence ID, a worldwide player in mobile biometrics and credential reading technology, has announced their selection as the winner of a competitive healthcare project being deployed throughout the West African nation of Senegal.
dLocal, the cross-border payment platform connecting global merchants to emerging markets, has expanded its payments network to include Kenya, Senegal, Ghana, and Cameroon.
[Senegal] PIDG supports local currency bond issue as port of Dakar moves to new enterprise zone location
Private Infrastructure Development Group (PIDG), the Emerging Africa Infrastructure Fund (EAIF) invested $15 million in a local currency capital market bond issue by Senegal’s Port Autonome de Dakar (PAD), owner of the Port of Dakar.
Mastercard Foundation partners with ICCO Cooperation to build resilience of 8,000 Senegalese farmers
ICCO Cooperation and the Mastercard Foundation have joined forces to support smallholder farmers in Senegal who were left reeling from the impact of COVID-19.
During the launch of the Global Agriculture and Food Security Program Replenishment Period 2020-25, donors increased their contributions to achieve sustainable Development Goal 2 - a world with zero hunger.
IFC and the Africa Agriculture and Trade Investment Fund (AATIF) have announced an investment to help Société Africaine d’Ingrédients (SAF Ingrédients) build an onion dehydration plant in Senegal.
Orange has announced the launch of its online training platform "Orange Campus Africa" in partnership with the Virtual University of Senegal (UVS) during GSMA Thrive Africa.
The International Finance Corporation (IFC) has announced a partnership with OCP Africa to strengthen value chains of rice in Côte d'Ivoire and millet in Senegal.
The U.S. Trade and Development Agency (USTDA) awarded a grant for a feasibility study to help Lekela Energie Stockage deploy utility-scale battery storage technology in support of its Taiba N’Diaye wind farm, the largest of its kind in Senegal and West Africa.
The International Finance Corporation (IFC) announced the establishment of a partnership with OCP Africa, a subsidiary of the OCP Group with a view to strengthening the rice sectors in Côte d'Ivoire and millet in Senegal.
The U.S. Trade and Development Agency (USTDA) awarded a grant to Senegal’s national utility - Société Nationale d’Electricité (Senelec) for training that will help bring power to 440,000 people in rural communities using American technology.
Woodside Energy has entered into a binding sale and purchase agreement to acquire Cairn Energy's entire participating interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.
Perth-based FAR announced it will not pre-empt the transaction or object the transfer of Cairn Energy’s working interest in the Rufisque Offshore, Sangomar Offshore, Sangomar Deep Offshore (RSSD) area.
Woodside Petroleum has given notice exercising its right to pre-empt the sale by Cairn to Lukoil of Cairn’s entire participating interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore joint venture.
Senegal’s Ministry of Petroleum and Energies announced the exemption of value added tax (VAT) on equipment destined to producing renewable energy.
Cairn Energy has entered into an agreement to sell to LUKOIL its entire 40 per cent interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore Contract Area, including the Sangomar development, offshore Senegal.
PJSC LUKOIL concluded an agreement with Cairn Energy to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash.
Universal Music Group (UMG), global music-based entertainment, has announced the further expansion of its Def Jam Africa division into three new markets within French-speaking Africa
The African Development Bank (AfDB) approved recommendations of the First Monitoring Report of the Independent Review Mechanism (IRM) on the Sendou Coal-Fired Power Plant Project in Senegal.
TGS announced the completion of its flagship Jaan 3D seismic survey covering the MSGBC Basin in NW Africa acquired in partnership with PGS and GeoPartners.
Oil and gas company FAR has not paid the most recent development cash call received by it and has accordingly received notification from the Operator of the RSSD Joint Venture that FAR Senegal is in default.
The President of Dangote Group said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries where the company has its operations.
From Sudan to Mali, Senegal to Mozambique, and Zambia to Mauritania, women are changing the face of agriculture, adapting and innovating to tackle the challenges of climate change, and feeding the continent’s growing population.
The Internet Society Foundation has launched a new grant programme that aims to expand economic growth, improve health outcomes, and increase educational opportunities.
DHL Global Forwarding, an international provider of air, ocean and road freight solutions, has strengthened its leadership teams in Burkina Faso, Cote d'Ivoire, Senegal and Morocco with new country manager appointments.
PetroNor announces that the Company has reached a mutual agreement with the Government of Senegal to suspend the Arbitration related to the Rufisque Offshore Profond and Senegal Offshore Sud Profond licence.
The World Bank approved a $150 million IDA credit to support Senegal in strengthening agricultural productivity and helping build resilient, climate-smart and competitive food systems.
Huawei Marine Networks (HMN) announced the kick-off of Senegal Horn of Africa Regional Express (SHARE) Cable, the first high-capacity direct link from the African continent to the offshore islands of Cape Verde.
Free, Senegal's second largest mobile network operator, has deployed mobiquity® Money to enhance its mobile money service 'Free Money' and deliver a world class digital payments experience to its customers.
Angola, Senegal, Cameroon, Ghana and Nigeria among the most hard hit amid Covid-19 and oil price plunge, African Energy Chamber
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price.
The World Bank approved a $20 million credit from the International Development Association (IDA) to support Senegal in its response to the threat of the global COVID-19 pandemic.
EXIM approves $91.5 million in U.S. export financing for renewable energy rural electrification project in Senegal
The EXIM approved approximately $91.5 million in loan guarantee financing that supports U.S. exports of design engineering and construction services to the Republic of Senegal.
In Senegal, groundnut and maize are commonly contaminated with highly toxic, cancer-causing chemicals called aflatoxins, which are produced by fungi in the genus Aspergillus when they infect crops.
The World Bank Group approved an International Development Association (IDA) credit of $125 million to support Senegal in strengthening the solid waste management system and improving waste management services.
Parc Eolien Taiba N’Diaye (PETN), West Africa’s first utility-scale wind farm was officially inaugurated by the Senegalese Head of State, His Excellency Macky Sall.
Air Senegal, that has chosen London Stansted for its first ever UK service, will operate three flights a week starting on 26th June to the city made famous by the historic long-distance rally.
The United States Department of Agriculture’s (USDA) Food For Progress (FFPr) Regional Cashew Value Chain Project is implementing a $38 million, six-year project in The Gambia, Senegal, and Guinea-Bissau.
UPTIME awarded contract for BP’s Greater Tortue Ahmeyim LNG Hub Terminal offshore Mauritania, Senegal
UPTIME has been awarded a contract from Eiffage Génie Civil Marine for supply of access solutions for the LNG Hub Marine Terminal for BP’s Greater Tortue Ahmeyim LNG Project offshore Mauritania and Senegal.
Online money transfer company WorldRemit has joined forces with Wizall Money to launch its first mobile money transfer service to Senegal.
President Macky Sall opened the Oil & Gas Council's 4th MSGBC Basin Summit & Exhibition in Dakar on Wednesday.
DPO Group, a payments technology company in Africa, has announced that it is now operating in Senegal, Côte d'Ivoire and the Democratic Republic of Congo in francophone Africa.
Australia's FAR has signed a binding Memorandum of Understanding with Glencore Energy (UK) for the full allocation of the Company’s share of crude oil from the Sangomar Field, offshore Senegal.
FAR has taken the Final Investment Decision and received final credit approvals for an underwritten $300 million senior secured reserve-based lending facility for the Sangomar Field Development offshore Senegal.
African tech startups this year tapped millions of dollars by taking part in and winning startup competitions - at least over $6million collectively, by Ventureburn’s calculations.
Telecommunication company Expresso has announced the launch of an online portal which will enable the Expresso subscribers in Senegal to buy and add the airtime and data bundles to their prepaid account digitally.
BP announced that its recent three-well drilling campaign offshore Mauritania and Senegal has further confirmed the world-class scale of the gas resource in the region.
An alliance of West African nations seeking to help small farmers cope with climate change are helping them adopt agricultural practices that are also attracting a growing share of investors.
In Sikilo village in southeastern Senegal, Gnilane Faye, beneficiary of the Food Security Support Project in the regions of Louga, Matam and Kaffrine stands proudly in front of her hen house.
The President of Senegal Macky Sall announced the cancellation of the Bargny coal-fired plant, in line with the country’s commitments under the Paris Agreement.
In the context of what PwC’s Africa oil & gas review 2019 describes as an exciting growth phase for the continent fuelled by large oil and gas discoveries and subsequent increased investor appetite, the MSGBC Basin shines through.
Pioneer Consulting and MainOne complete branch link on submarine cable network connecting West Africa and Europe
MainOne has announced the achievement of Provisional Acceptance for its latest submarine fiber optic cable network which links Senegal and Côte d'Ivoire to the trunk.
FAR Limited, as part of the Rufisque Sangomar and Sangomar Deep joint venture advises that the final Sangomar field development and exploitation plan was submitted to the Government of Senegal, in Dakar on 2 December 2019.
TGS is commencing a new seismic survey in the MSGBC Basin, offshore north-west Africa.
Air Senegal, the new national carrier of Senegal, has signed a Memorandum of Understanding (MoU) for eight A220-300 aircraft.
GC Rieber Shipping ASA reports to have had a fire onboard its managed vessel Polar Marquis, offshore Senegal yesterday Monday November 11th 2019.
The EXIM Bank approved a preliminary commitment of approximately $86 million to support U.S. exports of services, electrical and renewable-energy equipment in Senegal.
Kosmos Energy announced that the Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area.
The OPEC Fund Director-General Dr Alkhalifa signed a public sector loan agreements totaling US$85m with beneficiary countries Benin, Liberia, Senegal and Sierra Leone.
Vivo Energy Senegal, the company that distributes and markets Shell fuels and lubricants, opened its new commercial space called Welcome Corniche, located in Dakar on the West Corniche.
During his visit to Senegal, the Member of the Commission in charge of International Cooperation and Development, Neven Mimica, signed cooperation programmes for a total of €27.5 million.
Kosmos Energy announced that the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, targeting the inboard Mauritania/Senegal gas trend.
About 150,000 rural young people in Senegal – 50 per cent of them women - will benefit from a new US$93.3 million project that aims to create income and decent sustainable jobs in agricultural, pastoral and fishery value chains.
Bayer creates EUR 20 million social innovation ecosystem fund to spur entrepreneurship for African smallholder farmers
The Bayer Foundation launched its new EUR 20 million Social Innovation ecosystem fund by awarding EUR 3 million to four pioneering social innovators - myAgro, Mercy Corps, Path and Living Goods.
The African Airlines Association (AFRAA) has this year welcomed four new member airlines in Kenya, Djibouti, Senegal and Uganda.
Uganda’s Dr. Emma Naluyima, a smallholder farmers and veterinarian and Baba Dioum a policy champion and agricultural entrepreneur from Senegal have been named the joint winners of the 2019 Africa Food Prize.
African Petroleum advises that Oslo Børs has confirmed that the Company will retain its listing on Oslo Axess following completion of the transaction.