Senegal’s National Bank for Economic Development (BNDE) has obtained a €70-million financing line from the Development Bank of Southern Africa (DBSA), promoting South-South financial cooperation.
The loan aims to bolster BNDE’s capacity to support the Senegalese economy, particularly projects led by SMEs, while strengthening its role as a development bank. DBSA will provide the line of credit for a seven-year period.
The announcement aligns with Senegal’s decision to boost BNDE’s capital to €79 million, reflecting the ongoing trend of raising the minimum share capital of Senegalese banks from €15 million to €30 million
