Browsing: Agribusiness in Senegal

• Agribusiness including the entire agriculture and livestock sector represents approximately 17 per cent of Senegal’s GDP.
• The agriculture sector is currently employing 70 per cent of the population.
• Food imports, especially rice, which is the population’s main staple crop with imports accounting for 65 percent of the national consumption.

The African Development Bank (AfDB) Group has approved a $95 million (€86.89 million) loan to Senegal to develop an agribusiness processing zone in the north of the country.

The Bank’s contribution accounts for 30.7 per cent of the estimated €283.05 million total project cost. The Islamic Development Bank (21.2 per cent), the West African Development Bank (15.9 per cent), Sponsor Dette (19.3 per cent) and Sponsor Equity (7.7 per cent) are the other contributors to the implementation of ‘Projet Agropole Nord‘, in English, ‘Agricultural Hub North Project’.

Agribusiness plant to enhance forestry, and fisheries segments

The project is intended …