Search

Senegal Secures €2 Billion Islamic Finance Deal to Boost Infrastructure and Trade

Subscriber only Subscriber only
Dakar, Senegal © Unsplash
  • Five-year agreement with ITFC targets transport, health, and agriculture
  • Deal underscores renewed investor confidence in Senegal’s fiscal trajectory

Dakar, Senegal – Senegal has signed a €2 billion (around 1.3 trillion CFA francs) framework agreement with the International Islamic Trade Finance Corporation (ITFC), strengthening its ties with Islamic financial institutions at a pivotal time. The deal, formalised on the sidelines of the Islamic Development Bank’s 2025 Annual Meetings in Algiers, spans five years and is earmarked for transport, health, and agriculture initiatives.

You need an active subscription to continue reading this article.

Recent Business

Woman selling fruit in Tanzanian Market. Photo by David Cashbaugh @ Unsplash
Amid tariff wars, Africa seals $48bn to boost intra-trade
Read More »
Photo by Mwanje Henry @ Unsplash
Uganda’s pension giant posts record $7.4bn assets
Read More »
Gold bars. Photo by Jingming Pan @ Unsplash
Can Ghana’s gold refinery plan deliver real value?
Read More »

Recent Politics

Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast vote: Is Ouattara headed for a one-man race?
Read More »
Loading of maritime containers aboard vessels in a seaport. Photo @ Unsplash
Is Ethiopia’s sea access dispute with Eritrea a path to conflict?
Read More »

Latest Posts

Latest news insights