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IFC pledges support for Senegal’s Sunu Champions

By , based on Senego

IFC pledges support for Senegal’s Sunu ChampionsIllustrative image · Tifeclicks ... · Pexels · Licence Pexels

The International Finance Corporation has committed to supporting Sunu Champions, the Senegalese initiative aimed at developing local businesses and creating national champions. Its managing director, Makhtar Diop, mentioned the support during talks with Prime Minister Ahmadou Alhaminou Mouhamed Lo, AgenceAfrique reported.

The International Finance Corporation (IFC), the World Bank subsidiary dedicated to the private sector, will support Sunu Champions, the Senegalese initiative intended to develop local businesses capable of becoming national champions. Its managing director, Makhtar Diop, announced the commitment during talks with Senegalese Prime Minister Ahmadou Alhaminou Mouhamed Lo, AgenceAfrique reported.

The discussions also focused on strengthening the partnership between Dakar and the IFC in strategic sectors of the economy, as well as their bilateral cooperation programmes. Launched by President Bassirou Diomaye Faye, Sunu Champions aims to strengthen the role of Senegalese businesses in implementing the National Transformation Agenda Senegal 2050.

The Senegalese Business Movement (MES) has joined the initiative. Its president, Cheikh Ahmadou Bamba Sylla, said economic sovereignty required a strong national private sector. The talks extend discussions on IFC investments in national companies, published on 30 October.

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