top of page

GCIB and BOA Inject 400 Billion CFA to Boost the Senegalese Economy

Dakar, August 20, 2025 – Senegal takes a decisive step forward. The Global Council for Investment and Business in Africa (GCIB)

and the West African Bank (BOA) have signed a co-financing agreement worth 400 billion CFA francs.Objective: to significantly finance SMEs/SMIs, create thousands of jobs for youth and women, attract new foreign investors, all while ensuring the sustainability of public debt.

“We are not merely signing an agreement; we are opening a path toward a more sovereign and prosperous economic future for Senegal,” stated Ambassador Dr. Idrissa Doucouré, President of GCIB.

Established in the midst of the 2008 financial crisis, GCIB has become a reference institution, connecting investors, diplomats, and entrepreneurs around a common ambition: making investment a lever for growth and sovereignty in Africa.By joining forces with BOA, a pan-African bank committed to innovation and sustainable development, this partnership lays the foundations for a new entrepreneurial ecosystem in Senegal.

This initiative is supported by FONGIP, the strategic guarantor of the operation, which will multiply access to credit for Senegalese entrepreneurs and accelerate job creation.

“We are very proud to support these structuring projects that will provide new momentum to the national economy,” said Mr. Badji Cissé, Managing Director of BOA Senegal.

A Strong Signal

This pact sends a clear message: Senegal is choosing inclusive growth, the empowerment of local talent, and an affirmed economic sovereignty.A historic milestone that places private actors at the heart of national recovery.

GCIB Contact:Mrs. Awa DaffeChief of ProtocolAwa.ba@gcibafrica.org

 
 
 

Comments

bottom of page