The West African Development Bank (BOAD) approved 162 billion CFA francs in financing for Senegal to support five major projects during its ordinary session on March 25 and 26, 2025. These investments cover key sectors such as digital technology, energy, education, and SME financing.

A Fund Focused on Modernization

This new support is part of a broader BOAD initiative, which approved 17 new operations totaling 501.568 billion CFA francs during the same session. In Senegal, the objective is to strengthen the country’s economic transformation through structural infrastructure and more efficient public services.

The first project concerns the digital transformation of public services, with the modernization of data centers and the Share submarine cable, for an amount of 30.9 billion CFA francs. This operation aims to improve the connectivity and efficiency of the Senegalese administration.

Five projects supported

Here are the five projects financed by the BOAD in Senegal:

• Digital transformation of public services – Senegal: 30.9 billion CFA francs.
• Northern segment gas pipeline – Senegal: 50 billion CFA francs.
• Photovoltaic solar power plant in Linguère, with storage: 41.5 billion CFA francs.
• Construction and equipping of six agricultural and agri-food vocational high schools: 30 billion CFA francs.
• Line of financing at Coris Bank International Senegal for SMEs: 10 billion CFA francs.

An expected impact on several sectors

In the energy sector, the northern segment gas pipeline is expected to contribute to the country’s energy sovereignty, while the Linguère solar power plant is expected to increase the share of renewables in the Senegalese electricity mix. These two projects demonstrate a commitment to accelerating Senegal’s energy transition.

On the social front, funding for vocational high schools should improve youth employability by developing skills tailored to market needs, particularly in agriculture and the agri-food sector. Finally, the line of credit granted to Coris Bank International Senegal should facilitate access for SMEs to the resources necessary for their investments.

A strong signal for the Senegalese economy

This financing confirms the central role of the West African Development Bank (BOAD) in supporting the WAEMU member states. For Senegal, this represents strategic support encompassing digital modernization, energy security, vocational training, and financing for the productive sector.