The National Bank for Economic Development (BNDE) published a press release according to which the shareholders of this financial institution, particularly the State of Senegal, have decided on an unprecedented capital increase by 11 billion to 62 billion FCFA, an increase of 51 billion

According to the bank's press release, the purpose of the BNDE capital increase is to express its satisfaction with the new General Directorate and to provide the bank with significant resources to make it a reference in the sector. Despite the difficult national and international economic and financial context, the accounts drawn up at the end of June 2023 present a largely profitable result, according to the document. To this end, the State of Senegal, which aims to position the BNDE as a reference bank, has released all of its subscription, amounting to 35 billion euros, the document continues