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| Janko |
Posted - 26 Feb 2014 : 23:55:07
Investors pledge $7.8 billion to kick-start Senegal growth plans
Senegal is one of West Africa's most stable democracies. Its president, Macky Sall, has been praised for anti-corruption measures he has implemented since winning office in 2012.......
.....The plan aims to boost output from agriculture, fisheries and agro-industry, as well as the mining sector and tourism. The government also hopes to make Senegal a logistics hub for West Africa's market of some 300 million people.
Sall said the immediate objective was to ensure the former French colony's economy grows about 7 percent annually over the next 4 years from the current 4.6 percent and reduce the budget deficit to 3.9 percent from 5.4 percent............. |
| 2 L A T E S T R E P L I E S (Newest First) |
| kobo |
Posted - 01 Mar 2014 : 10:01:19
French institutions to pump billions into Senegal's economy
France is eager to help boost the economy of its former colony Senegal.
So eager in fact that at a donor conference in Paris this week French public and private institutions pledged about $7.8 billion to boost the Senegalese economy, Reuters reported.
"This shows that Senegal has won the confidence of donors, but that means we do not have the right to fail this trust," Sall said, as reported by Reuters. "We have to make sure we put this plan in motion."
The funds will be used to boost a variety of industries including the mining sector.
Speaking at the World Economic Forum in Switzerland last month, Senegalese President Macky Sall said he wants the mining industry to drive his country's economy and help expand the economy by about 7% over the next decade.....
SOURCE: Mining,Com News & full report |
| kobo |
Posted - 28 Feb 2014 : 03:05:06
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