Senegal : Fonsis deploys $145M in private equity, signs 12 agreements with SMEs 

The Sovereign Strategic Investment Fund (Fonsis) launched four funds totaling 85 billion FCFA ($145 million) for Senegalese companies and signed 12 agreements with local SMEs to accelerate economic transformation under Senegal Vision 2050. 

CEO Babacar Gningue highlighted plans to create 5,000‑10,000 jobs, provide water access to 4 million people by 2030, irrigate 10,000‑15,000 hectares, and support health, agro‑industry, construction, and textiles. 

The WE! Fund and Islamic Recovery Fund signed deals worth 2.1 billion FCFA (~$3.6 M), including a national gold counter with Somisen SA to structure local mining and reduce environmental impact. Fonsis advocates fiscal reforms and transparency to attract more private capital.