Senegal: African Development Bank provides an additional €5.01 million for the Diamniadio Digital Technology Park
With this new loan, the Bank is assuming 87% of the €73.62 million total project cost, with the Senegalese government contributing the equivalent of € 9.64 million
This project will help diversify and modernize Senegal's economy and private sector
The Board of Directors of the African Development Bank Group (www.AfDB.org) on 8 December 2022 approved additional financing of €5.01 million for the future Digital Technology Park in Diamniadio, Senegal.
The African Development Bank Group thus confirms its support for the project, initiated in 2016 thanks to an initial loan of €60.96 million it extended to the country. Although the project is now about 80% complete, the Covid-19 crisis has caused a delay in some construction works due to global inflation on the materials costs and supply chain disruptions.
With this new loan, the Bank is assuming 87% of the €73.62 million total project cost, with the Senegalese government contributing the equivalent of € 9.64 million. The Senegalese Ministry of Economy, Planning and Cooperation is coordinating the aid through its Directorate of Economic and Financial Cooperation.
The 25-hectare future park is being developed in the emerging Diamniadio urban hub, located about 35 km from the capital, Dakar. Some 20 companies, including multinationals such as ATOS, Free (formerly Tigo Senegal) and Solution Informatique Durable (SOLID), have expressed interest in locating some of their activities in the future park. However, they need a solid communication infrastructure to operate.
This loan will help equip the planned Data Center within the Park with a state-of-the-art storage and processing architecture through an international tender.
"This project will help diversify and modernize Senegal's economy and private sector," said Marie-Laure Akin-Olugbade, African Development Bank Director General for West Africa. This Park will transform Senegal into a regional digital hub, thus providing digital solutions to alreadỳ existing industries, such as the agricultural sector." The goal is to increase the ICT sector's share of economic activitý from 7% to 10% by 2026.
In addition to the Data Centre, components of the ambitious project include business process outsourcing facilities, an ICT incubator, a training center, a research center, and an audio-visual production and content development center. The project also provides for institutional support, capacity building, and the establishment of a management team responsible for its implementation.
“The ICT sector is one of the most advanced in West Africa and the project will benefit an entire ecosystem," said Cherfi Mohammed, the Bank's Country Manager in Senegal.
Mohammed said: "This includes communication service operators, Internet service providers, multi-nationals, as well as some 30,000 men and women working in various ICT-related fields such as sales, networking, systems design and software and content development. The innovative solutions which will be developed in the Park will also benefit government entities which will be able to improve the delivery of public services.”
The Future Park is at the heart of the "Digital Senegal 2025 " strategy, which aims to create some 35,000 direct jobs from activities such as call centers, software/hardware engineers and application development engineers. It also envisages creating around 105,000 indirect jobs in housing, telecommunications, real estate rental, transportation, catering and other support services.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Department of Communication and External Relations
About the African Development Bank Group:
The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 44 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org.