Senegal: Restructuring the groundnut sector included in the implementation of the “Senegal Emergent Plan”
by Market Insider
Monday, 14 Jul. 2014
The Senegalese Government and the
community of financial partners are engaged in the realization of the Senegal
Emergent Plan, worth an estimated US$20 billion .
The Plan aims at
building an emerging economy by 2035 through investments in farming,
infrastructure and tourism. The government hopes to double the national growth
rate (barely 3.5% at present) by 2017. The implementation will take time,
because it requires major reforms to be pushed through first.
A
Priority Action Plan (PAP) 2014-2018 has been set up to fulfill the Senegal
Emergent Plan through the definition of coherent strategic axes, sectorial
objectives and activities to be undertaken in the frame of projects and
programs during the period 2014 to 2018.
Agriculture is one of the
major strategic axes of the Priority Action Plan, with an allotment of about
27% of the total funding, i.e. about US$ 5.4 billion . The emphasis in the
agricultural programs is put on the restructuring the groundnut sector, the
development of grain corridors, the establishment of 150-200 micro support
family farming and the introduction of 100 to 150 projects on the aggregation
target.
The planners set a groundnut target output of one million
tonnes in 2017, to be attained through the revival and improvement of
production. In addition, the renewal of the industrial base, the upgrading of
traditional crushing and the setup of new SME / SMI processing units are
envisaged in order to substitute 20 to 30% of imported oils consumption.
Incentives are also foreseen for the development of new processing industries,
in particular for capturing the potential of edible and confectionery
groundnuts, as well as for the promotion of local edible groundnuts and
groundnut oil.
Source: https://www.wko.at/Content.Node/service/aussenwirtschaft/sn/Plan_S_n_gal_Emergent_VP.PDF),http://www.gouv.sn/IMG/pdf/PAP_2014-2018_du_PSE_version_definitive_commentaires_et_ANNEXES.pdf