IFC to Expand Investment in Senegal, MSGBC Region
The International Finance Corporation aims to increase investments in Senegal – and the MSGBC region – after contributing nearly one billion dollars to 67 projects in the country since 1966.
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The International Finance Corporation aims to increase investments in Senegal – and the MSGBC region – after contributing nearly one billion dollars to 67 projects in the country since 1966.
Senegal is progressing with power plants projects, transitioning many to gas to achieve universal energy access by 2025.
Canadian firm Thor Explorations strikes gold in Senegal, uncovering a significant find at the Makosa gold deposit.
The Ndayane Port in Senegal, set to be the largest in West Africa, is scheduled for completion in 2027, following a 48-month plan.
Moroccan firm Houar Enterprise Company has secured a €100 million contract for the construction of two road projects in Senegal.
Four key projects have been successfully implemented under the Emerging Senegal Plan, which aims to transform the economy.
Senegal’s Ministry of Petroleum and Energy has announced that the Floating Production Storage and Offloading (FPSO) vessel for the Sangomar project is 90% complete.
The British government has announced a $1.2-million financial package to support sustainable development and skill-building in Senegal through its diplomatic mission in Dakar.
The Sangomar project has received a €50 million boost from the Africa Finance Corporation, fueling the emerging oil and gas sector and bolstering energy security.
Using revenue generated from the country’s energy sector, Senegal aims to spearhead investment in agriculture, enhancing efficiency and food security country-wide.