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.

Recent Business

The Central Business District of Kigali, Rwanda. Photo by Andreas @ Pixabay
Rwanda rolls out multicurrency trading to attract global investors
Read More »
Farm products being transported to the city. Photo by Beat Roth @ Pixabay
Tanzania overtakes Kenya in Uganda trade, redrawing East Africa’s economic map
Read More »
Sunrise in Pretoria, South Africa. Photo by Kyle-Philip Coulson @ Unsplash
South Africa’s $3.5bn Eurobond surge boosts global investor confidence
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights