Search

Senegal to Renegotiate Canceled $750M Deal with Saudi Power Giant

Allen dreyfus Logo
© Allen Dreyfus
  • Senegal reopens talks with Saudi Arabia’s Acwa Power on a $750 million water desalination project
  • Government reviews contracts as hidden debt and budget deficit prompt economic recalibration

Dakar, Senegal – Senegal has resumed discussions on its $750 million water desalination contract with Saudi Arabia’s Acwa Power, a deal canceled in July over concerns of “high and unsustainable cost.” President Bassirou Diomaye Faye, during a recent visit to Saudi Arabia, confirmed that the project is back on the table, with Saudi authorities even proposing improved terms.

You need an active subscription to continue reading this article.

Recent Business

PAPSS CARD LAUNCH © Afreximbank
Can PAPSSCARD compete with Visa and MasterCard on African soil?
Read More »
peinge-nakale-9dM9XfNuRfk-unsplash
Namibia’s banking liquidity improves despite asset dip
Read More »
Photo by Etty Fidele © Unsplash Cocoa
Deadly rains threaten Nigeria’s cocoa harvest, stir global jitters
Read More »

Recent Politics

ZUMA Press Wire) EDITORIAL USAGE ONLY! Not f
Ghana’s opposition petitions president over electoral chaos, illegal mining
Read More »
emmanuel-ikwuegbu-T4q6ZPpYjog-unsplash
Tinubu seeks to win back north at Buhari’s funeral
Read More »
pexels-ninthgrid-2149521550-30688912
Nigeria inflation falls again, raising rate cut hopes
Read More »

Latest Posts

Latest news insights