The project “Centre Agro-Industrial Processing Zone” is designed to contribute to the reduction of food insecurity in rural areas, the reduction of food imports and export growth. The project will, in particular, target farmers and the private sector (including SMEs/SMIs) likely to invest in agricultural product processing and the provision of services. It will serve as a multi-subsector platform for the mainstreaming of technologies, equipment and services in favour of OPAs and SME/SMI based on a value chain approach and will create an attractive environment conducive to the growth of private investment, in particular, for agricultural product processing. The main expected outcomes of the PZTA-Centre project during Phase 1 (2023-2027) are as follows: a) The processing of at least 400,000 tonnes of groundnut, 100,000 tonnes of cereals and 50,000 tonnes of salt produced in the regions covered over five years; b) The creation/consolidation of 129,500 direct jobs and 208,800 indirect jobs, i.e. a total of 338,300 people, about 52% of whom will be women; c) Mobilisation of over CFAF 46 billion in private investment by the 37 projects structured during the development accelerator lab in key agro-industrial sub-sectors (groundnut, cereals, salt and others); and d) The generation of at least CFAF 15.2 billion in tax revenue for the Senegalese government, a 3.3% increase in exports and 5.2% reduction in the trade balance. The project primarily contributes to climate adaptation results. As such, 50% of the total approved amount is attributed as climate finance, of which 30 million USD is dedicated to adaptation.

Senegal

African Development Bank Group

Africa Sub-Saharan Africa

Printing and Publishing Construction Computer Hardwares and Consumables Industry

25.10.2022

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