LE BRIEF

Senegal: AGREX 2026 agreement with SIDDCO Group targets a US$50 million investment programme

LE BRIEF • 2026-10-26

Signed in Dubai on 19 October, the agreement between the Ministry of Microfinance and SIDDCO Group opens a new avenue for Africa–Gulf cooperation. The US$50 million figure is the proposed programme’s indicative envelope, not money already disbursed.

Original source : Original source

LE BRIEF — Monday, 26 October 2026 edition By the LE BRIEF newsroom Country : Senegal / United Arab Emirates Source publication : 26 October 2026 Event : Agreement announced on 19 October 2026 during AGREX 2026 in Dubai. Supplied photograph of the signing at AGREX 2026. Visible credit: Olivisions Studio. Dubai is the starting point for a new phase of economic cooperation between Senegal and the United Arab Emirates. According to documentation supplied to LE BRIEF, Senegal’s Ministry of Microfinance and the Social and Solidarity Economy signed a memorandum of understanding with SIDDCO Group on 19 October, linked to a proposed US$50 million investment programme. The partnership brings together the ministry led by H.E. Alioune Dione and the Dubai-based investment company, represented by its chairman and chief executive, Zakee Siddiqi. It was announced at the opening of AGREX 2026, held on 19 and 20 October by the Gulf Africa Investment Chamber, the UAE chamber promoting economic ties between Africa and the Gulf. US$50 million: an ambition with further steps ahead The figure indicates the scale of the stated ambition. It remains an indicative envelope for the proposed programme. Signing a memorandum does not constitute financial close, a final commitment to every investment, or the disbursement of funds. The material supplied does not yet set out all the projects, their sectoral...