Monitor this situation.

Unsubscribe anytime.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 10 sources · 3 days · First seen 7 days ago · Last updated 5 days ago

Senegal investment fund activities

Overview

Senegal is seeing active movement in specialized investment funds aimed at economic development. The Fonds d’appui à l’investissement des Sénégalais de l’extérieur (Faise) has recovered 250 million FCFA through its ‘Lepto, Fayto’ campaign, which has been targeting debt recovery across 45 countries since 2025. These recovered funds are intended to replenish the institution’s revolving mechanism for diaspora-led projects.

Concurrently, the Islamic Recovery Fund (FIR), a subsidiary of FONSIS, has reached 7.5 billion CFAF ($13 million) in total investments as of September 2026. The FIR utilizes Islamic financing mechanisms to support small and medium-sized enterprises. Recent commitments include 600 million CFAF distributed among four companies in sectors such as food processing, agriculture, textiles, healthcare, and education to modernize equipment and expand infrastructure.

Entities

Bassari Baobab · FONSIS · Senegal · Fonds Islamique de Relance · Mintou Rassoul

Timeline

5 days ago

[BUSINESS] 5 sources
Senegal’s Islamic Recovery Fund reaches $13 million in SME investments
Senegal’s Islamic Recovery Fund has invested CFAF 7.5 billion ($13 million) to date, recently committing CFAF 600 million to four companies in the agriculture and education sectors.
7 days ago

[BUSINESS] 5 sources
Faise recovers 250 million FCFA for diaspora investment
The Senegalese diaspora investment fund, Faise, has recovered 250 million FCFA to replenish its revolving fund for future diaspora-led projects.

Sources

aps.sn · ecofinagency.com · educationsn.com · leral.net · lesoleil.sn · onlybenki.com · pressafrik.com · saintlouis-info.com · senenews.com · tract.sn