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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.

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