Search

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

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

Addis Ababa, Ethiopia. Photo by Daniel Emale @ Unsplash
Ethiopia’s domestic debt hits $17.1bn as short-term borrowing grows
Read More »
Mine site Photo © Unsplash
Atlantic Lithium secures $34mn financing to advance Ghana project
Read More »
Maputo, Mozambique Photo @ Pexels
Mozambique trims lending rate to 16% as economy reels from recession
Read More »

Recent Politics

Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Tanzania’s Samia Suluhu faces legitimacy test after disputed landslide
Read More »
Donald Trump, US President @ Pixabay
Trump threatens military action in Nigeria over Christian killings
Read More »
US passport and visa on display. Photo by Global Residence Index @ Unsplash
Did Mali’s tough stance with the U.S. over visas pay off?
Read More »

Latest Posts

Latest news insights