Category Archives: Senegal News

Senegal News

International Monetary Fund Staff Conclude 2018 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries

  • Real GDP growth in the WAEMU is estimated above 6 percent in 2017 for the sixth consecutive year, despite adverse terms of trade shocks and security concerns.
  • Convergence of WAEMU countries’ budget deficits of 3% of GDP by 2019 is crucial for ensuring macroeconomic stability and sustaining growth.
  • An ambitious set of reforms to modernize the financial sector regulations in line with the Basel II/III principles has been introduced.

A staff team from the International Monetary Fund (IMF), headed by Mr. Dhaneshwar Ghura visited Ouagadougou, Abidjan, Lomé, and Dakar from January 11 to 24, 2018 for discussions with the institutions of the West African Economic and Monetary Union (WAEMU) on Common Policies for Member Countries of the Union. read more

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The International Islamic Trade Finance Corporation (ITFC) Signs a EUR 110.5 Million Agreement with SENELEC to Boost Senegal’s Energy Sector

The operation will contribute to secure the supply of petroleum products for electricity generation and power plants in the country read more

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Take a look at West Africa now: Atlas shows dynamic new landscape changes

Interactive training workshop enables six more West African countries to have key data on land use and land cover impact read more

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Reforming and revitalizing higher education sector crucial for Africa’s development, experts say

The fourth Senior Experts Dialogue on Science, Technology and the African Transformation Agenda ended in Dakar Friday with experts making concrete recommendations for consideration by policy makers, universities, regional and continental organizations on how to align higher education policy with science, technology and innovation (STI) and industrial policies to support the transformation of Africa’s economies in line with the continent’s integration and development agenda. read more

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Italian scientist brings ‘pasta power’ climate adaptation solution to West Africa

A ‘crazy idea’ has resulted in the ability to grow durum wheat in the extreme heat of famine-affected Senegal, Mauritania and Mali, potentially boosting the income for 1 million farming families, and therefore winning the 2017 Olam Prize for Innovation in Food Security read more

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Nigeria, Senegal and Cape Verde dominate the West African hotel pipeline with 77% of the total planned hotel rooms

West Africa has been at the heart of the continent’s growth and economic transformation in recent years. Notwithstanding the sharp slowdown experienced in 2016 and 2017, the region’s economy is expected to rebound in 2017 onwards. Commodity-based economies, like Nigeria, are slowly recovering from the fall in oil prices and oil production, while countries like Côte d’Ivoire, Mali, and Senegal have shown economic resilience and sustained growth. As many of the countries continue to stabilize – politically and economically – the region will be better integrated from a local and international context. This increased integration raises the need for quality travel and accommodation infrastructure. read more

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Wafacash and WorldRemit expand partnership to offer instant money transfers across West and Central Africa

 Morocco-based financial services company Wafacash (www.Wafacash.com) is scaling up operations with leading digital money transfer service WorldRemit (www.WorldRemit.com) to offer instant money transfers across West and Central Africa. read more

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With 3.3% of its GDP from internet-related activities, Senegal does more than many Western countries, including France and Germany

The Senegalese State is continuing to modernize its administration through the implementation of two new dematerialized procedures read more

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Connecting Africa & the International Trade Centre: Championing the Internationalisation of Tech SMEs in East Africa

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Brexit and economic deceleration in China pose risks for Africa’s growth says ECA director

Director Adam Elhiraika of the of Economic Commission’s Macroeconomic Policy Division says Africa’s economic growth declined from 3,7 percent in 2015 to 1,7 percent in 2016 due to weak global economic conditions, persistent low oil prices and adverse weather conditions and may further be affected by Brexit read more

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ECA and NEPAD launch an investors’ guide for infrastructures in Africa

The “16 infrastructure projects for African integration” guidebook aims to guide investors’ decisions by answering their questions about the projects regarding aspects such their economic viability, strategic impact, technical specifications, coordination, international support, risks & mitigation, expected benefits or progress reports read more

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Promoting African Culture Through Clothes and Fabrics

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Power Africa Announces More Than $1 Billion in New Commitments at the US-Africa Business Forum

Three years after the launch of Power Africa, the United States is on track to fulfill its initial $7 billion commitment over five years read more

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Senegal ratify the WTO’s Trade Facilitation Agreement

The Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO) is necessary to country members in enhancing the release and clearance of goods – transit goods inclusive, while making provisions for the fast facilitation of goods transfer and movement. Finalized during the 2013 World Trade Organization conference in Bali, the TFA provides training and in-depth knowledge for members in the sector of trade. The TFA also provide ways to enhance a smooth cooperation between customs and responsible agencies regarding compliance issues with the customs and also trade coordination. read more

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