Senegal is an economic and political stability anchor in western Africa. High growth rates, democratic elections and peaceful changes of power set the country apart. The Senegal Development Plan has triggered a reform and investment programme and is expected to change the country's status to “emerging economy” by 2035. Recently discovered gas and oil reserves will contribute to further growth. On the downside are growing public debt, a low level of economic diversification and a high rate of unemployment. Due to its focus on reform, the German Federal Government has decided to enter into a reform partnership with Senegal. Within this framework there are plans for KfW to finance projects in the sectors of vocational training, land reform and promotion of small and medium-sized enterprises on behalf of the German Federal Government. KfW also supports projects in the priority sector of renewable energy sources and energy efficiency.
KfW Office Dakar
Director KfW Office: Karl von Klitzing
109, Rue Carnot x El Hadj
B.P. 3869 Dakar
Phone: +221 33 8 899 6 -17/18/19
Phone: +221 338 42 61 69
Fax: +221 338 42 61 69