Public Management(Ecofin Agency) - This funding supports the Senegalese government's efforts to develop smart cities and accelerate economic growth, in a context of boosting intra-African trade. The ECOWAS Bank for Investment and Development (EBID) has just granted CFA65 billion ($104.6 million) in financing to support urban development initiatives in Senegal. Additionally, it lays the groundwork for economic growth in the city of Saint-Louis in anticipation of forthcoming oil and gas extraction endeavors. Saint-Louis is set to evolve into a hub for hydrocarbon activities, sparking growth in economic ventures and the influx of new services and industries. The credit extension brings EBID's commitments to Senegal to around CFA 350 billion.


Source:   The North Africa Journal
November 02, 2023 13:35 UTC