President Kaberuka Honoured by President Abdoulaye Wade

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President Kaberuka Honoured by President Abdoulaye Wade

Senegalese president, Abdoulaye Wade, on July 3, 2006, raised President Donald Kaberuka to the rank of Commander of the National Order of the Lion, one of the country’s highest distinctions. The Bank President expressed his gratitude to the Senegalese leader, saying "It’s a great pride and honour for me to be decorated by H.E President Abdoulaye Wade." He was received in a long audience by the Head of State within the framework of a two-day official visit in the Senegalese capital, at the invitation of President Wade.

While in Dakar, the President also inaugurated the Bank Group’s Regional Office and held meetings with government authorities and development partners. He also visited AfDB-funded projects in the country, which have helped Senegal to register some economic growth. 

The Bank is one of Senegal’s most reliable development partners in its effort to attain economic development. Since starting operations in Senegal in 1972, the Bank Group has supported Senegal’s economic efforts through the financing of eighty-three (83) projects worth CFAF 650 billion. The development operations cut across different sectors of the economy, and include agriculture, rural development, health, transport, energy, water and sanitation, mines, banking, etc. Under its private sector concessional window, the African Development Bank Group in June 2005 approved the financing of the Kounoune power project worth 8 million Euros, equivalent to CFAF 5.3 billion.

In order to promote economic cooperation, regional integration and the concretization of the NEPAD Initiative, the Bank Group is currently financing eight projects worth CFAF 105 billion. These projects include the OMVS Energy Project, OMVG Natural Resources Management Project and the Road Rehabilitation and Transport facilitation on the Bamako-Kati-Saraya-Kedougou corridor which links the southern part of the country to Mali. The Bank is considering the financing of the multinational bridge construction project over the river Senegal which will link the country to Mauritania.

The Bank also discussed a results-based strategy document with Senegalese authorities in May 2005 and the Bank Group’s Board of Directors approved the document in June 2005. In this regard, the Bank will be financing projects in Senegal worth CFAF 92 billion under the tenth replenishment of the African Development Fund (ADF-X), including three projects that were approved in 2005. These projects include: (1) a Rural Development Support Project worth UA 20 million to help relaunch economic and social activities in Casamance. The programme was initiated by the government of Senegal and supported by the donor community in order to support the peace process in the region; (2) a road maintenance project worth UA 29 and (3) a rural water and sanitation project worth UA 25 million.

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