• Two day visit includes meetings with President Macky Sall, banks and diplomats
  • Vice President of the world’s largest international public bank to discuss recent and future support for transformational investment and address Digital Tour Africa
  • Vice President to see impact of new digital banking by Baobab Senegal

Ambroise Fayolle, Vice President of the European Investment Bank, will make a two-day visit to Senegal this week. The visit is expected to include discussions with H.E. Macky Sall, President of the Republic of Senegal, local business and financial partners and diplomats on recent EIB backing for sustainable transport, water, energy, agriculture and private sector investment in the country and future plans to support renewable energy projects.

“For more than fifty years the European Investment Bank has financed projects to improve lives, increase economic opportunities and support sustainable development in Senegal. Senegal is a key partner for the European Investment Bank in Africa and this visit will provide an opportunity to further strengthen close cooperation. I look forward to discussing how the EIB can strengthen the impact of our engagement to benefit Senegal in the years to come.” said Ambroise Fayolle, European Investment Bank Vice President.

Over the last five years the EIB has provided more than EUR 390 million for new investment to improve water, transport and energy infrastructure and enhance private sector access to finance in Senegal.

Dakar will be the host city for the European Investment Bank Africa Day conference in February, 2020.

Supporting digital banking across the country

Vice President Fayolle will visit Baobab Senegal to see how its new digital banking service is improving access to finance for over 300,000 people across Senegal. The EIB is a strategic long term shareholder of Baobab Group, supporting activity in 9 African countries.

The Vice President will also make a keynote address to the Digital Africa Tour conference taking place in Dakar.

Building on 50 years of engagement in Senegal

The EIB has supported long-term investment in Senegal since 1966 and is currently supporting construction of the Bus Rapid Transit in Dakar, improving the coastal road corridor as well modernisation of the national electricity network.

EIB engagement in Africa

Over the last decade the EIB has provided EUR 23 billion for long-term public and private sector investment across Africa.

The European Investment Bank is the world’s largest international public bank and owned directly by the 28 European Union member states.