Senegal

As a long-standing partner of Senegal, AFD places its full range of financial instruments at the service of local economic and social development actors (State, public companies, private and financial sector, NGOs, etc.) to support a development model that creates jobs and promotes sustainable and environmentally friendly infrastructure.
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old trains in Dakar, Sénégal
AFD and Senegal: Promoting inclusive growth and protecting the environment
old trains in Dakar, Sénégal

Stimulating the economy and the employability of young people

vocational training, students, young, Diamniadio, Sénégal

Stimulating the economy and the employability of young people

Population growth in Senegal is accentuating the challenge of welcoming and retaining students in optimal conditions for their success. AFD is supporting the Government of Senegal by financing projects that aim to improve the training capacities and conditions and the quality of learning.

The socio-professional integration of young people, an asset for the vitality of the economy, is also a challenge. AFD supports growth that provides jobs in three stages:

  • strengthening vocational training to ensure that it is in line with market needs. AFD has thus engaged the private sector in the governance of nine vocational training centers and has reformed the training finance fund and funded the construction of two higher vocational education institutes dedicated to agricultural professions 
  • supporting SMEs: since 2005, AFD has been financing an investment bonus system for SMEs with high growth potential in order to boost their competitiveness and the creation of local jobs
  • promoting SMEs' access to bank financing through the ARIZ risk-sharing guarantee.

    Facilitating access to quality services

    TER, Dakar, Senegal, transportation

    Facilitating access to quality services

    AFD has long supported the energy sector by participating in its financial recovery and by renovating existing power generation facilities. Today, AFD contributes to the development of renewable energies and the extension of the electricity grid to rural areas. The objective is to provide cleaner electricity for all.

    AFD is also supporting numerous projects to increase wastewater treatment capacity, to secure Dakar's drinking water supply system, increase drinking water production capacity and limit the risk of flooding in the Greater Dakar region.

    The Dakar metropolitan area is expanding significantly and is home to nearly a quarter of the country's population. In order to facilitate daily travel, AFD co-financed the construction of Blaise Diagne International Airport (AIBD) - near the new city of Diamniadio - and the the country's first toll motorway linking Dakar to Diamniadio (then to the airport). It is also contributing to the development of the Regional Express Train to provide a 38-km mass transport rail system from Dakar Central Station to Diamniadio and, eventually, to the airport.
     

    Investing in the country's agricultural potential

    Senegal, AIDEP, crops, Andrianjafy

    Investing in the country's agricultural potential

    Agriculture accounts for nearly 15% of Senegal's GDP and employs nearly half of the working population. For 30 years, AFD has been building on this vast agricultural potential and accompanying the sector by supporting the Société nationale d'aménagement et d'exploitation des terres du Sénégal (SAED), a long-standing partner, in order to:

    • support family entrepreneurship in the Delta through the creation of a 2,500-hectare site serviced by an innovative pilot cost-sharing scheme between the State and farmers
    • improve food safety and productivity on family farms in Matam through the renovation of hydro-agricultural structures and support for local economic development through Intercommunity Support Funds (ISF)
    • supporting a specific credit offering for agricultural investment in the medium and long term through the Caisse nationale de crédit agricole du Sénégal.

    Since 2017, this partnership has been further developed through actions in other sectors (maize, milk and bananas) and regarding other topics (malnutrition) in the framework of the Tiers Sud project with the Society for the Agricultural and Industrial Development of Senegal (Sodagri) in partnership with the European Union. 
     

    Fighting and adapting to climate change

    mangroves, FFEM

    Fighting and adapting to climate change

    Through the projects financed by AFD and its strong commitment in favor of various international initiatives (COP, facilities, Green Climate Fund), Senegal is one of the primary countries in which it operates in the fight against climate change.

    AFD supports the State of Senegal in the following areas:

    • Support for the marine protected area policy through the sustainable conservation and promotion of mangroves
    • adaptation to climate change through support for local communities for waste management in order to strengthen the resilience of populations
    • reducing the environmental impact of companies by limiting their emissions of pollutant waste and energy consumption and encouraging them to use renewable energy sources as a priority
    • minimizing the risk of coastal erosion by participating in the short term in the implementation of emergency solutions in Saint-Louis, and in the longer term by financing sustainable and structuring solutions in a sustainable integrated approach to the management of Senegal's coastal areas.
    €1.8
    billion invested since 2008
    106
    projects funded in 10 years
    2,775,000
    people have improved access to safe drinking water

    Senegal is located in the westernmost part of Africa, on the Atlantic coast, and has 15.3 million inhabitants. It is the second largest economy in French-speaking West Africa and has been experiencing strong growth since 2014.

    Indeed, the country can rely on a number of advantages: its democratic tradition, its geographical position, a young population, a vast agricultural and mining potential and the dynamism of its diaspora.

    However, it needs to deal with an informal economy which deprives the State of major resources, demographic pressure which increases poverty, and a youth suffering from the lack of jobs. There is, in addition, the environmental emergency: with its 531 km-long coastline, Senegal is particularly vulnerable to climate change.

    AFD has been a partner of the country since 1947 and is a key correspondent for the Senegalese authorities. It mobilizes its entire range of financial tools to finance projects that contribute to sustainable and environmentally friendly growth with a concern for reducing inequalities.

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