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European investors commit $100mn to modernise Senegal’s Port of Dakar

Import and export trade common in Africa. Photo by Kurt Cotoaga @ Unsplash
Import and export trade common in Africa. Photo by Kurt Cotoaga @ Unsplash
  • $100mn investment targets capacity, efficiency and regional hub status
  • Experts warn of governance and technology dependence risks

 

DAKAR, SENEGAL – The Port of Dakar is entering a new phase after European investors committed $100 million to modernise Senegal’s main maritime gateway.

The investment, worth 56 billion CFA francs, will be led by an Antwerp-based consortium spearheaded by Conti-Lines Group, marking one of the largest recent foreign commitments to Senegal’s logistics infrastructure.

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