Long considered one of Africa's model democracies, Senegal has a tradition of stable governments and civilian rule. Senegal’s population is approximately 14 million and is growing at an annual rate of 2,9%. Life expectancy is 63 years. The infant mortality rate in the country is recorded at approximately 49 deaths per 1000 live births.
Office Bamako, Mali
Senegal is a country in West Africa. Senegal's economical and political capital is Dakar. Senegal owes its name to the Sénégal River, which borders it to the east and north. Senegal covers a land area of almost 197,000 square kilometres.
Senegal’s main economy drivers include industries such as food processing, mining, cement, artificial fertilizer, chemicals, textiles, refining imported petroleum, and tourism. Exports include fish, cotton, fabrics, groundnuts, oil, gold and calcium phosphate. The principal foreign markets are Mali and India. Other foreign markets include Switzerland, Italy and Spain.
Long considered one of Africa's model democracies, Senegal has a tradition of stable governments and civilian rule.
Senegal has a lively political scene, with parties competing across ethnic, religious and ideological lines.
Senegal’s population is approximately 14 million and is growing at an annual rate of 2,9%. Life expectancy is 63 years. The infant mortality rate in the country is recorded at approximately 49 deaths per 1000 live births.
Senegal ranks 163 out of a total 187 countries in the UN Human Development Index, indicating one of the world’s lowest levels of economic and social development.
In Senegal, ICCO, together with ICCO Terrafina runs the Stars program, a program funded by the Mastercard Foundation with the aim to support poor farmers and develop the onion and black eyed peas value chains and to gain access to financial and agricultural services. This will enable the farmers to achieve a higher income: their production will grow because the farmers will use advanced agricultural techniques and farmers can invest in their business in accessing loans.
In addition, the impact investment fund of ICCO Cooperation, ICCO Investments provided a loan to the Senegalese company fruit processing company Zena Fruits. ICCO Investments provides risk capital to companies that offer social impact, at conditions that take into account the financial risks involved, the resilience of the business case and the social impact that can be achieved.
For more information about Zena Fruits click here.
Public Private Partnership: the model ICCO uses to work with the private sector consists of organizing farmers into cooperatives, providing them with entrepreneurial skills and agronomic skills training; linking farmers to the markets and facilitate access to financial products.
Other expertise areas include: Value Chain Development, Linking Farmers to Financial Products, Technical Vocational Education and Training (TVET)