In addition to its mission for the green transition, the African Development Bank (AfDB) is mobilizing 170 million dollars for the OCP group. The Pan-African Bank states that it has invested around 2.719 billion CFA francs in Senegal since 1972. Also this week, it approved a $10 million investment in Dhamana Guarantee Company Ltd in East Africa

The African Development Bank plans to mobilize 170 million dollars to finance the OCP Group's Green Investment Program. This envelope includes $20 million from the Clean Technology Fund. The funded project includes the construction of three modular seawater desalination plants with a total annual capacity of 110 million m3, entirely powered by renewable energies, in order to optimize any use of water resources. The funded project involves the construction of three modular seawater desalination plants with a total annual capacity of 110 million m3, entirely powered by renewable energies, in order to optimize any use of water resources

The Board of Directors of the African Development Bank Group has approved a $10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an alternative source of long-term financing for infrastructure and the real sector in East Africa. The Bank Group's financing will allow Dhamana to issue collateral for debt instruments. These local currency bonds are intended to strengthen the credit rating of the instruments in order to attract investments from pension funds, insurance companies and sovereign wealth funds to finance infrastructure and the real sector in East Africa. The Bank's partnership with Dhamana advances several strategic objectives, including helping to stimulate local currency debt market financing in various infrastructure sectors and to increase economic diversification and competitiveness in the region

The African Development Bank (AfDB) has financed some 140 projects and programmes worth a total of 4.403 billion US dollars in Senegal, approximately 2.719 billion CFA francs, since the beginning of its cooperation with the country half a century ago. It is a Senegalese private equity fund dedicated to projects and businesses that have a positive impact on women's empowerment