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PNDIES: The Bank provides financing of €205.56 million to Senegal

10/02/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The African Development Bank (AfDB) has provided €205.56 million in financing to Senegal. Part of this sum will be used for phase 1 of the National Integrated Livestock Development Programme (PNDIES). And the other concerns the Dakar-Tivaouane-Saint-Louis highway construction project

Phase 1 of the National Integrated Livestock Development Program (PNDIES) aims to improve competitiveness and employment opportunities by increasing animal productivity, the processing and marketing of animal products, and by professionalizing actors. Indeed, the livestock sector contributed 20.7% to the added value of agriculture and 3.5% to the national GDP in 2020.

In Senegal, the livestock population includes around 3.6 million cattle, 56.2 million industrial poultry, 457,000 equines, 455,000 asins, 5,000 camelins, 28.8 million traditional poultry, and 7.7 million sheep. According to the Bank, “livestock farms are mostly extensive, basing their production on the exploitation of natural resources, thus making them very vulnerable to climate hazards.”

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