The African Export-Import Bank (Afreximbank) is currently working on a pipeline of transactions from Senegal totaling $1.6 billion as part of its programme of active support to public and private sector activities in the country, Bank President Dr Benedict Oramah, has announced in Dakar.
Speaking on Sunday when he led a delegation of African business leaders on a courtesy call on President Macky Sall of Senegal, Dr. Oramah said that the Bank’s exposure to Senegal currently stood at almost $250 million.
He said that Afreximbank was committed to increasing its trade finance interventions in Senegal in order to support the country’s economic development agenda, particularly in the areas of railway and air transport infrastructure, tourism services, and industrial development.
“Afreximbank is interested in exploring opportunities to finance the construction of industrial parks as part of its $1 billion financial arrangement with the China Exim Bank and in funding energy, transport and logistics infrastructure to support Senegal’s National Economic and Social Development Plan,” said Dr Oramah.
He pointed out that the business leaders accompanying him had expertise in the fields mentioned and were strongly interested in extending their corporate and industrial operations to Senegal.
President Sall welcomed Afreximbank’s continued support to his country and said that Senegal saw the Bank as a partner of choice for financing its development plans. He urged the Bank to consider supporting the country’s transport logistics, energy, tourism and agro-processing sectors.
President Sall reiterated Senegal’s interest in playing an active role in boosting intra-African trade and commended Afreximbank for promoting business linkages between leading African industrialists, business champions and local businesses.
Mohammed Dionne, the Prime Minister of Senegal, was present at the meeting as were representatives of a number of Senegalese businesses that had benefitted from Afreximbank financing.