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Western Africa

EAIF invests US$15m in bond to fund relocation of Senegal's port of Dakar

The Emerging Africa Infrastructure Fund (EAIF) invested XOF8.3 billion (cUS$15 million) in a local currency capital market bond issued by Senegal’s Port Autonome de Dakar (PAD), the owner of the Port of Dakar. 

November 9, 2020

By Staff Writer
The bond raised over XOF60 billion (US$107million). XOF is the currency designation for the West African Franc (CFA) which is used by eight West African states; Senegal, Benin, Burkina Faso, Cote d’Ivoire, Guinea-Bissau, Mali, Niger and Togo. CFA means Communauté Financière d’Afrique (Financial Community of Africa). The issuance of the bond marks the

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