Dakar, 20 August 2025 Senegal has just passed a new stage in its strategy of economic recovery and dynamisation. The World Council for Investment and Business in Africa (CMIA) and the Bank of Africa Senegal (BOA) have signed a co-financing agreement worth 400 billion FCFA to stimulate growth and strengthen the national entrepreneurial fabric. According to the communiqué sent to our editors, this envelope is intended mainly for the financing of SMEs, the creation of thousands of jobs for young people and women, and the attraction of foreign investment in a framework guaranteeing the sustainability of the public debt. “We are not signing a simple convention; we are opening a path to a more sovereign and prosperous economic future for Senegal”, declared Ambassador Dr. Idrissa Doucouré, President of the CMIA. Created in the midst of the 2008 global financial crisis, the CMIA has emerged as a strategic network bringing together investors, diplomats and entrepreneurs around a common objective: to make investment a lever of growth and sovereignty for Africa. On the other hand, the BOA Sénégal, a pan-African bank already committed to innovation and sustainable development, sees in this partnership a historic opportunity. “We are very proud to be supporting these structuring projects which will give a new impetus to the national economy”, affirmed Mr. Badji Cissé, Director General of the BOA of Senegal This mechanism also benefits from the support of the FONGIP (Fonds de Garantie des Investissements Prioritaires), which plays the role of strategic guarantor and facilitates access to credit for Senegalese entrepreneurs. For the signatories, this agreement is more than a financing: it is a clear message that Senegal chooses an inclusive growth trajectory, valuing local talents and placing private actors at the heart of national recovery. A “historic” stage which could mark a turning point in the construction of a new entrepreneurial ecosystem in Senegal.
Senegal benefits from a financing of 400 billion FCFA from the CMIA and the BOA
