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Tag: Senegal

IFC, agCelerant, and Bank of Africa invest US$ 7.2M to boost rice production in Senegal

SENEGAL – The International Finance Corporation (IFC) in partnership with agCelerant and Bank of Africa has invested US$ 7.2 million in a bid to boost rice production and enhance food security in Senegal. The partnership is supported by the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), envisioned to help smallholder farmers and small businesses in…

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Sonacos to invest US$21M in cashew processing to reduce overreliance on groundnut for edible oil production

SENEGAL – The Senegalese National Oilseed Marketing Company (Sonacos) plans to invest between 10 and 13 billion CFA francs (US$16 to 21 million) to support diversification toward cashew oil production. SONACOS is among the largest food company in Senegal with a total crushing capacity of 900,000 tons of peanuts per year spread across its 5 main production sites in Kaolack,…

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