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Senegal mobilizes €630 million to support energy and agribusiness in 2026

    International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank, has signed the 2026 Annual Financing Plan with Senegal, reaffirming its commitment to supporting the country’s economic priorities.

    The plan falls under a five-year framework agreement worth €2 billion, signed in May 2025. For 2026, €630 million will be mobilized to finance key sectors.

    The funding will primarily support the import and export of strategic commodities, particularly petroleum products and groundnuts, two essential pillars of Senegal’s economy in both the energy and agribusiness sectors.

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