Senegal: President Bassirou Diomaye Faye receives Aliko Dangote and Dr Okey Oramah for discussions on the energy sectors...

The President of the Republic of Senegal, Bassirou Diomaye Faye, received in audience two emblematic figures from the world of African business and finance: Aliko Dangote, the Nigerian industrial magnate, and Dr Okey Oramah, Chairman of the African Export-Import Bank (Afreximbank). Discussions focused on financing and investment opportunities in strategic sectors for Senegal's economic development, notably energy and fertiliser production.

At the heart of the discussions was the Senegal Fertilizer Company (SEFCO) project to convert natural gas into urea, an initiative supported by Petrosen Trading and Services. The project aims to boost Senegal's production capacity for fertilisers, a key sector for agriculture and local industry. The aim is to reduce dependence on fertiliser imports and boost agricultural production, in line with the priorities of the National Development Strategy 2024-2029.

"Senegal has immense potential in the energy sector and in the transformation of natural resources," said Aliko Dangote after the meeting. "We are ready to invest in key projects that will contribute to the country's economic transformation.

President Bassirou Diomaye Faye reaffirmed his government's commitment to creating an environment conducive to structuring investments. He stressed the importance of developing strategic partnerships with the African private sector to accelerate economic growth and job creation.

"Senegal is open to investments that contribute to our economic and social development", said the Head of State. "We are working to create a favourable framework for investors, while ensuring that these projects directly benefit our population."

Dr Okey Oramah, Chairman of Afreximbank, expressed the financial institution's willingness to support development projects in Senegal. Afreximbank, which plays a central role in the financing of infrastructure and industrial projects in Africa, could provide financial and technical support for the initiatives discussed at the meeting.

"We are determined to support Senegal in its economic transformation efforts," said Dr Oramah. "Projects in the energy and fertiliser production sectors are priorities for us, as they have a direct impact on the productivity and competitiveness of the Senegalese economy."

This audience is part of the Senegalese government's efforts to attract quality investment and strengthen partnerships with the African private sector. The discussions with Aliko Dangote and Dr Okey Oramah testify to Senegal's desire to work with key players on the continent to achieve its development ambitions.

As Senegal prepares to implement its National Development Strategy 2024-2029, these discussions mark an important step in mobilising the resources needed to achieve these objectives. With projects such as SEFCO and the support of leading investors, Senegal seems well positioned to accelerate its economic transformation and strengthen its autonomy in strategic sectors.