The World Bank Group and the German Federal Ministry for Economic Cooperation and Development (BMZ) have announced a deeper partnership for economic development in six countries in Africa.
Fabrice Nze-Bekale is an experienced investment banker with a working history in investment banking, telecoms and the mining & metals industries. He is currently the Managing Partner of the pan-African firm, ACT Afrique.
African Delivery Units Network launched to help governments accelerate delivery of priority projects
The African Delivery Units Network, a unique platform for government delivery units across the continent, has been launched in the Senegalese capital Dakar.
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.
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.
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.
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
Forty kilometers from the capital, Dakar, a new industrial park has opened.
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.
The International Centre of Insect Physiology and Ecology (icipe), Kenya, has been selected to manage the Regional Scholarship and Innovation Fund (RSIF).
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.
The government of Senegal in collaboration with UNIDO have opened a new industrial park forty kilometers (24 miles) from Senegal's capital, Dakar.
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.
The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors has approved the new five-year $550 million Senegal Power Compact.
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.
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 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.
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.
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.
Since the launch of the first mobile money service in Senegal in 2010, the market for digital financial services (DFS) there has boomed.
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 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 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.
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.
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.
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, 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.
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.
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.
Seven years ago five women from Khelcom Birane, a village in central Senegal, set up a farming cooperative with only $10.
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 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 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 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.
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.
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.
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, 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.
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 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.
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.
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.
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.
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.
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, a next-generation financial service with its own cryptocurrency has announced a new live chart support in its Mobile App.
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 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.
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.
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.
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.
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, 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.
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 arrives in Dakar today on a three-day visit in conjunction with the visit of President Emmanuel Macron of France.
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.
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.
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 new International Blaise Diagne Airport (AIBD), a 525 million euro infrastructure masterpiece, co-financed with the African Development Bank has been unveiled.
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.
West Africa has been at the heart of the continent’s growth and economic transformation in recent years.
AgDevCo's Smallholder Development Unit (SDU) has announced new partnerships with a Senegalese rice miller and a Mozambican livestock company.
Guinea, Mauritania, Senegal and the Seychelles have informed the FiTI Secretariat of their desire to join the Fisheries Transparency Initiative (FiTI).
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, 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, 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.
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.
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 has released the results of the FAN South-1 well in the South Fan prospect offshore Senegal.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
The first part of the agreement between ENGIE and ANER involves the development of solar energy for individuals in multi-occupancy or individual housing.
Senegalese mobile money company Wari is to buy Millicom’s Tigo mobile business in the country for $129 million.
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