🇸🇳SenegalWest Africa
President Faye launches 18.75 billion FCFA agro-industrial project in Médina Yoro Foulah
via SeneNews2 min read
President Bassirou Diomaye Faye is visiting Médina Yoro Foulah in the Kolda region on Friday, April 23, 2026, to tour a new agro-industrial complex for oilseed processing. This visit is part of his economic tour from April 23 to 25. The project, with a total investment of 18.75 billion FCFA, includes industrial units, infrastructure, storage facilities, and energy and ancillary services. The first phase is estimated at 660 million FCFA. The industrial site will focus on processing oilseed products, particularly groundnuts, in Médina Yoro Foulah, an emerging area with high groundnut production potential. The goal is to improve market access for producers from Médina Yoro Foulah, Vélingara, and Médina Gounass, and to enhance SONACOS SA's logistics and industrial performance by bringing it closer to production zones. The project is expected to create approximately 200 jobs initially, including 25 permanent and 175 seasonal positions, with a potential to reach nearly 1,500 jobs as activities scale up. The 15-hectare site is located within the Médina Yoro Foulah Developed Investment Zone, a strategic partnership between SONACOS SA and APIX-SA. SONACOS SA states that this initiative reinforces its commitment to the structural transformation of Senegal's agricultural economy, contributing to economic and food sovereignty by enhancing local agricultural resource value and stimulating territorial development.
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This summary was AI-generated from a story originally published by SeneNews.
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