The Arab Bank for Economic Development in Africa has successfully financed over 700 projects across 44 African nations, with cumulative investments exceeding $6 billion.

Sid Ould Tah, President, BADEA

The Arab Bank for Economic Development in Africa (BADEA) commemorated its 50th anniversary last month by introducing the Arab-Africa Financial Consortium. This initiative seeks to strengthen financial collaboration between the Arab and African regions. To further entice Arab investment and technical assistance to West Africa, BADEA President Sid Ould Tah will participate as a speaker at the upcoming MSGBC Oil, Gas & Power conference in Dakar this December.. 

Headquartered in Khartoum, BADEA has financed over 700 projects across 44 African nations, with total investments exceeding $6 billion. The bank's lending strategy centers around four key areas: infrastructure, agricultural value chains, private sector development, and trade financing and support for SMEs. At MSGBC Oil, Gas & Power 2024, Ould Tah is anticipated to engage in discussions regarding strategies for mitigating risks and expediting funding for infrastructure projects throughout the region, with a particular emphasis on Senegal.

Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.msgbcoilgasandpower.com to secure your participation at the MSGBC Oil, Gas & Power 2024 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

BADEA has a substantial presence in Senegal, overseeing a significant and highly successful project portfolio within both ECOWAS and WAEMU. As of March 2023, BADEA's commitments to Senegal amounted to approximately $700 million, encompassing 95 initiatives. The bank has provided funding for various public sector projects, including 28 infrastructure developments spanning transportation, water supply, sanitation, healthcare, and urban and rural development. Notable projects include the Joal-Samba Dia-Djiffère road, the Linguère-Matam road, and the drinking water supply system in the Saloum Delta region.

"Infrastructure is the backbone of energy development, enabling the effective and sustainable exploitation of natural resources for the benefit of local communities. BADEA plays a crucial role in not only mobilizing capital for critical infrastructure projects, but also connecting the MSGBC region with the broader Arab investment community,” said Sandra Jeque, Conference Director at Energy Capital & Power.