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[South Sudan] Afreximbank, Securiport sign $15-million financing agreement for Juba airport upgrade
Afreximbank has signed a financing agreement with Securiport SUARL, Senegal, to provide Securiport with a $15-million term loan to upgrade Juba International Airport in South Sudan.
[Senegal] IFAD’s $72 million food security programme targets 43,000 rural households
Over 43,700 vulnerable rural households in Senegal will benefit from a US$72.4 million programme that aims to improve food and nutrition security.
Senegal to build sustainable digital economy with World Bank support
The World Bank Board of Directors has approved a $180 million International Development Association (IDA) credit to support Senegal’s efforts to enhance the policy and institutional framework.
Senegal, Kenya, South Africa and Egypt projects reap from low carbon initiative
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
Senegal's industrial park open for business
Forty kilometers from the capital, Dakar, a new industrial park has opened.
Senegal receives 51 million euros from the AfDB to finance a power plant
The Board of Directors at the African Development Bank (AfDB) have agreed to a first rank loan of 51.26 million euros to finance the construction of a power plant in Malicounda, Senegal.
[Kenya] ICIPE to manage regional doctoral training, research and innovation fund
The International Centre of Insect Physiology and Ecology (icipe), Kenya, has been selected to manage the Regional Scholarship and Innovation Fund (RSIF).
[Senegal] Digitizing payments could add FCFA104b to GDP every year - report
After making good progress on financial inclusion, Senegal has turned its attention to digitizing payments in order to speed up its growth and inclusive development.
[Senegal] New industrial park now open for business
The government of Senegal in collaboration with UNIDO have opened a new industrial park forty kilometers (24 miles) from Senegal's capital, Dakar.
Oradian and West African partner TAB Finance partner to boost financial inclusion
TAB Finance, a new microfinance bank licensed by the Central Bank of the Republic of Guinea, has joined Oradian’s global community of financial institutions.
Millennium Challenge Corporation Board approves new $550 million Senegal power compact
The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors has approved the new five-year $550 million Senegal Power Compact.
[Senegal] IMF completes 2018 Article IV consultation discussions and review mission
A staff team from the International Monetary Fund (IMF), led by. Michel Lazare, visited Dakar between October 18-31, 2018 and engaged in discussions as part of the 2018 Article IV Consultation and the seventh review of the IMF’s Policy Support Instrument (PSI) approved in June 2015.
African Development Bank approves the Africa Disaster Risks Financing Programme
The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.
Greenpeace calls on Senegal government to improve safety for artisanal fishermen
Greenpeace Africa has released a new documentary on the numerous cases of small-scale fishermen who have lost their lives in Senegalese waters. Over the past 2 years, at least 226 fishermen have lost their lives at sea or have been declared missing.
[Senegal] UNIDO to establish agro industrial hub in rural centers
The Government of Senegal and the United Nations Industrial Development Organization (UNIDO) completed a sensitization mission towards the development of an integrated agropole in the country’s rural centre.
BP awards KBR FEED contract for Tortue project in Senegal
American engineering and construction company KBR, Inc. has announced that its UK operating subsidiary has been awarded a Front End Engineering Design (FEED) contract by BP for Phase 1 of the Tortue field Hub on the maritime border between Senegal and Mauritania.
Senegal leaps from piggy banks to electronic wallets
Since the launch of the first mobile money service in Senegal in 2010, the market for digital financial services (DFS) there has boomed.
Technology to monitor Malaria in Zambia, Senegal and Ethiopia
Starschema Ltd., a big data company in Hungary, and PATH, a global organisation that works to accelerate health equity, have launched a software integration that will enable health workers to easily and securely access data visualizations.
Philip Morris International recognized as Africa's top employer
Philip Morris International Inc. has been recognized for the third consecutive year as a Top Employer in Africa, awarding the company’s commitment to creating an excellent work environment for its employees.
Burkina Faso, Senegal and Togo tap into e-commerce opportunities
Burkina Faso, Senegal and Togo need far-reaching reforms of their infrastructure and legal systems to benefit from e-commerce, new studies of the West African countries by UNCTAD have revealed.
[South Africa] Wala wins Zambezi Prize for micropayments platform
The Legatum Center for Development and Entrepreneurship at MIT, has named South African startup Wala as the grand prize winner of the 2018 Zambezi Prize for Innovation in Financial Inclusion, as well as the regional winner of the MIT Inclusive Innovation Challenge.
MainOne picks TE SubCom to extend cable system to francophone region
TE SubCom, a TE Connectivity Ltd company and an industry pioneer in undersea communications technology has secured a contract from connectivity and data center solutions provider, MainOne.
Orange invests in MainOne’s West Africa submarine cable system
Telecommunication company Orange and MainOne Cable Company have signed an agreement allowing for a major investment by Orange in the West Africa submarine cable system, MainOne.
SUDPAY named winner of Senegal round of Seedstars World
SUDPAY, a startup that allows municipalities to mobilize more revenue by digitizing the collection of local taxes and financially including merchants is the winner of Seedstars Dakar.
AfDB supports Senegal’s national development strategy
The Board of Directors of the African Development Bank has approved a partial credit guarantee for the Republic of Senegal to help hedge currency risk arising from Eurobonds.
[Senegal] Petronas buys 30 per cent stake in offshore oil block
Malaysian oil and gas company Petronas through its subsidiary PC Senegal Ltd, recently signed a Farm-in Agreement with Total E&P Senegal SAS, a subsidiary of Total, to acquire a 30% participating interest in the Rufisque Offshore Profond block.
Senegal women revitalize rural economy with food processing
Seven years ago five women from Khelcom Birane, a village in central Senegal, set up a farming cooperative with only $10.
MCC visits Senegal to advance progress on the development of compact
The U.S. Government’s Millennium Challenge Corporation (MCC) Principle Deputy Vice President (DVP) for Africa Kyeh Kim has visited Senegal to advance progress on the development of an MCC grant, called a compact.
Yahsat to launch satellite broadband service across West Africa
Yahsat plans to launch YahClick this year in five new markets in West Africa. The service will be available in Senegal and Gambia through service partner Arc Telecom, in Ivory Coast through CEE-NET, Isocel in The Benin, and through both Teledata and Comsys in Ghana.
NEC XON building Africa cyber security centers to tackle new threats
NEC XON is creating three new Cyber Defence Operations Centres (CDOC), one in Nigeria, another in Senegal, and the third in Mauritius in addition to the existing facilities in South Africa.
Nigeria still leads West Africa hotel expansion - survey
Nigeria holds its pole position for hotel development in West Africa despite a slight reduction on last year, according to a regional focus by the influential annual hotel pipeline survey from Lagos-based W Hospitality Group.
Kenya risk reward score among the highest in Sub Saharan Africa, index
Zimbabwe, Egypt and Ghana are the leaders when comparing their September 2017 risk-reward score with the score from June 2018, according to the Africa Risk-Reward Index from Control Risks and Oxford Economics.
Launch of Coris Bank deepens Islamic banking in Africa
Islamic banking is gaining a strong footing in African region with the launching Islamic banking windows of Coris Bank International in Mali, Senegal, Benin and Côte d’Ivoire.
[Senegal] Thor Explorations finds new deposits at its Douta project
Thor Explorations Ltd. has announced positive results from its first set of drill results from its ongoing 8,000 metre RC drill program on its Douta Gold Project in south-east Senegal.
IFC invests in Bank of Africa to expand SME lending in eight countries
IFC, a member of the World Bank Group, has announced a $60 million investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises in eight African countries.
Accra, Addis Ababa, Dar es Salaam, Johannesburg, Lagos, other African cities commit to delivering their share of the Paris Agreement
Accra, Addis Ababa, Cape Town, Dakar, Dar es Salaam, Durban, Johannesburg, Lagos, & Tshwane today revealed their commitment to bold climate action and pledged to deliver on their share of the Paris Agreement.
African smallholder farmers get record insurance payouts of $ 1.5 million after depressed rainfall
Poor rainfall in parts of Africa has triggered the largest insurance pay-out to date for vulnerable farmers under an innovative climate risk management scheme known as the R4 Rural Resilience Initiative, R4.
Senegal realigns SDGs with its economic development programme
Senegal is on track implementing the sustainable development goals to ensure no one is left behind by progress, Prime Minister Mohammed Boun Abdalla Dione has said.
[Senegal] RTS modernizes newsroom with Avid MediaCentral platform
Avid®, the platform that powers media and entertainment, has announced that RTS, a public news broadcaster in Senegal, has transformed its infrastructure by standardizing on the Avid MediaCentral® platform in combination with Avid newsroom and graphics tools.
Senegal pursues Malicounda power project to boost energy production, cut electricity cost
Technology group Wärtsilä has signed a contract to engineer, manufacture and deliver a 130 MW Flexicycle plant to be an integral part of Senegal’s energy future.
[Senegal] Impact Dakar launches first incubation program to support youth startups
Organized in collaboration with the Dakar office of Dalberg, an international strategy consulting firm, a new incubation program that aims to regroup Dakar's most innovative early-stage entrepreneurs, Incuberation was launched as Impact Dakar's first incubation program.
Senegal Scaling Solar tender produces one of the lowest electricity costs in Africa
The World Bank Group’s Scaling Solar program, designed to help remove obstacles to developing large-scale solar power in developing countries, has set a new benchmark in Senegal resulting in two bids that will produce electricity for under 4 Euro cents.
Orange extends its solar energy services to five African countries
Telecommunication company Orange has expressed its desire to become a key player in the energy transition sector in Africa, by providing services directly to the general public or as a wholesaler to public operators.
[Senegal] Bolloré Logistics delivers tamping machines for the Dakar Blaise Diagne International Airport express train
As part of the plans for an express train to link Dakar to Blaise Diagne International Airport the EIFFAGE Group, a French group in the construction of rail infrastructure, picked Bolloré Logistics to assist in shipping and delivery of two tamping machines.
Humaniq launches live support chat in its mobile app in Africa
Humaniq, a next-generation financial service with its own cryptocurrency has announced a new live chart support in its Mobile App.
DHL Global Forwarding appoints Elhadji Galaye Ndaw as Country Manager in Senegal
DHL Global Forwarding, the leading international provider of air, sea and road freight services, has appointed Elhadji Galaye Ndaw as Country Manager in Senegal.
Nokia and Orange roll out 4G LTE in seven African countries in largest operation of its kind
Nokia and Orange Middle East & Africa are rolling out a Nokia single radio access network and network management technology across seven African countries in a three-year modernization project to prepare for the launch of 4G services.
Port of Antwerp intensifies cooperation with coast of West Africa
Antwerp and Dakar port authorities are to collaborate more closely in the next few years. In this way Antwerp, the second-largest port in Europe, seeks to reinforce its historic position as leader on the coast of West Africa.
[Senegal] Kahone solar plant connects 15,000 rural households to clean energy
Moustapha Sene is soft-spoken, but he is sure of what he's doing, and has proved a rare knack for seeing the obvious.
Kosmos Energy hails approval of inter governmental cooperation between Mauritania and Senegal on gas exploration
International oil company, Kosmos Energy has confirmed that the governments of Mauritania and Senegal have signed an agreement enabling development of cross-border Tortue natural gas field to continue moving forward.
Senegalese national, Abdoulaye Mar Dieye, to head UNDP’s Global Policy Bureau
UNDP Administrator Achim Steiner announced today the appointment of Abdoulaye Mar Dieye as the Assistant Secretary-General to lead UNDP’s Bureau for Policy and Programme Support starting March 1, 2018.
Kosmos Energy completes drilling of well in offshore Senegal, yields no gas
American oil international company Kosmos Energy has completed drilling the Requin Tigre-1 exploration well located in Senegal’s Saint Louis Offshore Profond block.
Air Sénégal orders two A330neo aircrafts to boost airline’s operations
Air Sénégal, the national carrier of Senegal, has signed a firm order for two A330neo aircraft, the new re-engined version of the best-selling A330 wide-body airliner.
Africanews joins L'Obs TV to strengthen its position in Senegal
Available in 38 countries in Sub-Saharan Africa and already broadcast in Senegal on Canal+ offer, Africanews is stepping up its presence in the land of Teranga, thanks to the partnership with the new media outlet L'Obs TV
World Bank Group President Jim Yong Kim to visit Senegal
World Bank Group President Jim Yong Kim arrives in Dakar today on a three-day visit in conjunction with the visit of President Emmanuel Macron of France.
Senegal cements position as leading regional solar energy producer with modern twin facility
Senegalese Prime Minister Mahammed Boun Abdallah Dionne has inaugurated a twin solar facility, Ten Merina. This is a major milestone and cements Senegal’s position as the leading regional producer of solar energy.
[Startup Interview] Aziz Senni, Founder, C Mon Taxi, Senegal
Aziz Senni, a serial entrepreneur with over 20 years’ experience is piloting a taxi renting model in Dakar Senegal that offers taxi drivers access to ownership of their vehicle through a system combining financing, training and customer acquisition thanks in particular to its digital booking platform.
Urbanization, economic growth to bolster Senegal’s retail and wholesale food market, report
Senegal is regarded as one of the most stable countries in Africa and although it suffers from poverty levels of more than 46 per cent, it is the second-fastest growing economy in West Africa.
The International Islamic Trade Finance Corporation signs a €110.5 million agreement with SENELEC to boost Senegal’s energy sector
The International Islamic Trade Finance Corporation, member of the Islamic Development Bank has signed a EUR 110.5 Million agreement, in favor of Senegal National Power Company to enhance the country's power system efficiency.
Senegal’s $620 million new International Blaise Diagne Airport unveiled
Senegal’s new International Blaise Diagne Airport (AIBD), a 525 million euro infrastructure masterpiece, co-financed with the African Development Bank has been unveiled.
BIOCAD launches plant in Morocco, eyes Senegal, Gabon and Côte d’Ivoire
Russian biotechnology company BIOCAD and Moroccan pharmaceutical company Sothema Labs have announced the launch of medicines derived using the technology provided by the Russian manufacturer into the North African market.
Nigeria, Senegal and Cape Verde dominate the West African hotel pipeline
West Africa has been at the heart of the continent’s growth and economic transformation in recent years.
AgDevCo announces partnership in Senegal and Mozambique to boost incomes of 9,500 farmers
AgDevCo's Smallholder Development Unit (SDU) has announced new partnerships with a Senegalese rice miller and a Mozambican livestock company.
Four African States apply for Fisheries Transparency Initiative membership
Guinea, Mauritania, Senegal and the Seychelles have informed the FiTI Secretariat of their desire to join the Fisheries Transparency Initiative (FiTI).
Senegal set to boost export of cashews and mangoes
The Senegalese government has announced that the country will work with UNCTAD to boost the competitiveness of its cashew and mango exports.
CH2M wins marine engineering support contract on BP project developing offshore gas fields in Senegal and Mauritania
CH2M has been awarded a new marine engineering support contract on BP's innovative Tortue development offshore Mauritania and Senegal.
Rwandair set to expand operations to Guinea, Mali and Senegal
RwandAir, the national carrier of the republic of Rwanda, will from 30th September 2017 commence three weekly operations to Conakry Guinea, Bamako Mali and Dakar in Senegal from its new hub in Cotonou (Benin).
Kosmos Energy to start drilling three prospects off West Africa this month
Kosmos Energy, a company behind some of the industry’s largest recent oil discoveries, will begin drilling the first of a trio of so-called super-giant prospects off the coast of Senegal and Mauritania later this month.
[Senegal] UNIDO, World Bank in Sustainable Cities Management Initiative to build resilience
By the year 2030, almost two-thirds of the world’s population will live in cities. Urbanization is creating significant opportunities for social and economic development.
Millicom terminates agreement with Wari, signs agreement to sell its Senegal business
Cable and mobile services provider Millicom has announced that it has exercised its right to terminate its agreement to sell its Tigo operations in Senegal to Wari Group
Cairn Energy discovers oil at FAN South 1 well offshore Senegal
Cairn Energy has released the results of the FAN South-1 well in the South Fan prospect offshore Senegal.
[Senegal] Wari Group Joins the US-Africa Business Center
Senegalese based digital solutions company Wari has joined the US‑Africa Business Center initiated by the US Chamber Of Commerce. Wari's CEO and founder, Kabirou Mbodje, will also sit on the Center's Board of Directors.
Total and Worldline partner with African Fintech InTouch to support deployment of Guichet Unique solutions in eight African countries
Total and Worldline have signed binding technological, commercial and financing agreements with African fintech InTouch.
Senegal leads Global Innovation in Higher Education
After a highly selective and intensive 4-months preparation the first 20 talents of Fast-track Acquisition of Skills Training in Technology, Engineering, Entrepreneurship are now ready to be immersed at leading enterprises in Senegal.
Orange Digital Investment launches a new investment initiative of €50m devoted to startups in Africa
Orange is strengthening its corporate venture strategy by creating a new Africa section in its flagship programme for investment in start-ups, Orange Digital Ventures.
Worldbank: Economic Growth Sub-Saharan Africa +2.6% in 2017 - Ethiopia (+8.3%), Tanzania (+7.2%), Côte d’Ivoire (+6.8%)
Growth in Sub-Saharan Africa is forecast to pick up to 2.6 percent in 2017 and to 3.2 percent in 2018, predicated on moderately rising commodity prices and reforms to tackle macroeconomic imbalances.
World Bank to Assist Senegal Negotiate Complex Oil & Gas Projects
The World Bank will provide a $29 million IDA* credit to Senegal to strengthen the country’s institutional capacities to negotiate complex agreements in the extractive industries.
Report on Port & Intermodal Projects in West Africa
West African region, much like their easterly neighbours, is experiencing a surge in port development projects which will greatly expand, modernise and link shipping infrastructure across the region over the course of the next five years.
IFC supports forum on sustainability of family owned businesses in Senegal
International Finance Corporation has collaborated with the Senegalese Institute of Administrators (ISA), to host the Administrator’s Forum, with a focus on the sustainability of family-owned businesses.
Senegal banks on $300 million rapid bus plan to improve urban transport
Senegal is counting on a new Dkar Bus Rapid Transit pilot project to reduce by half the average rush hour in-vehicle travel time by public transport.
Transnet to expand foothold to eight African countries
Africa’s leading freight logistics chain Transnet has been on an expansion binge and is expected to set up shop in eight more African countries including Kenya, Liberia, Ghana, Nigeria, DR Congo, Senegal, Togo and Benin.
MédiS Group announces acquisition of Winthrop Pharma Senegal from Sanofi
Actis, a leading growth markets investor, has announced that its portfolio company MédiS, a major pharmaceutical company based in Tunisia, has acquired Winthrop Pharma Senegal (WPS) from Sanofi.
Economic Commission for Africa launches second generation of its country profiles
The Economic Commission for Africa (ECA) has launched the second generation of its Country profiles, on the margins of the African Development Week held in Dakar Senegal.
30,000 Senegalese youth to receive work readiness skills training
Education Development Center (EDC) and The MasterCard Foundation are set to announce a $15M, five-year project that will help more than 30,000 Senegalese youth develop the skills they need to secure jobs or start a business.
Facebook's Chief Product Officer, Chris Cox, makes first visit to Senegal
Chris Cox, Chief Product Officer at Facebook, was in Senegal Friday to find out how the country’s creatives, developers and entrepreneurs are using Facebook and Instagram to bring their passions to life.
Farmers in Senegal Achieve Strong Yield Increases with Syngenta APRON Star Program
Syngenta’s Seedcare program for smallholder farmers in Senegal has led to impressive yield increases for pearl millet, sorghum, maize, irrigated rice and rain-fed rice.
Engie commits to West African Renewables and access power launch $7m competition
The first part of the agreement between ENGIE and ANER involves the development of solar energy for individuals in multi-occupancy or individual housing.
[Senegal] M-money company Wari buys Millicom for $129m
Senegalese mobile money company Wari is to buy Millicom’s Tigo mobile business in the country for $129 million.
Dakar unveils Africa’s first resilience strategy in partnership with 100 Resilient Cities
The use of technology as a lever for resilience, the implementation of an inclusive and effective governance strategy, citizen participation from all of Dakar, the involvement of the private sector and the creation of a healthy living environment
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Making money with cryptocurrencies - here's how, financial expert
Cryptocurrency has become especially popular over the last few years, as this is one of the ways of additional, and for some people an even primary source of income. Everything is straightforward: buy cheaper, sell more expensive. As well as an investment in the common currency... read more