Senegal: African Development Bank agrees loan of nearly €87 million for Agropole Nord

The Islamic Development Bank (21.2%), the West African Development Bank (15.9%), Sponsor Dette (19.3%) and Sponsor Equity (7.7%) are the other contributors to the implementation of ‘Projet Agropole Nord’, in English, ‘Agricultural Hub North Project’. As of 31 October 2023, the African Development Bank Group’s active portfolio in Senegal comprised 35 projects with a total commitment of 1,380 billion FCFA. Distributed by APO Group on behalf of African Development Bank Group (AfDB). Media contact:Alexis AdéléCommunication and External Relations Departmentmedia@afdb.orgAbout the African Development Bank Group:The African Development Bank Group is the leading development finance institution in Africa. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Special Fund (NSF).