The Fonds Islamique de Relance (FIR), a subsidiary of the Fonds Souverain d'Investissements Stratégiques (FONSIS), has invested FCFA 586.5 million in five Senegalese companies operating in strategic sectors. This investment is part of a drive to consolidate the fabric of Senegalese SMEs, by strengthening their resilience in the face of market changes.
The investment agreement signing ceremony took place on 8 March 2025, in the presence of FONSIS General Management, the FIR management team and the companies financed.
These companies stand out for their commitment to growth sectors. Contanna, which specialises in the sale of top-of-the-range tea made from local ingredients, is helping to promote Senegalese agricultural products. Dialibatou, a key player in the roasting and marketing of Touba coffee, is boosting the competitiveness of an emblematic product. By Tchico, a top-of-the-range textile clothing company, combines traditional know-how and modernity to promote Senegalese fashion. Prozen Industries plays an essential role in preserving fish and agricultural products, thanks to the flake ice it produces. The Clinique du Littoral, a private healthcare establishment in Saly-Ngaparou, is expanding its range of services to meet growing health needs.
Adja Maty Sembène Fall, founder of Contanna, was particularly pleased with the FIR's investment in her company: "As a company committed to promoting local products, this investment will enable us to accelerate our expansion and better structure our production chain. It also gives us the opportunity to give our products greater visibility, make them available throughout Senegal and help promote Senegalese know-how in wider markets.
Audrey Casahous, Director of the Clinique du Littoral, emphasised the strategic nature of this partnership with the FIR: "This investment will enable us to take a decisive step towards stabilising and developing our clinic. It gives us the means to improve our services and continue to offer quality care to patients, while safeguarding the jobs of our staff".
The Director General of FONSIS, Mr Babacar Gning, recalled that FONSIS, through the Islamic Recovery Fund, is working to strengthen the resilience of the entrepreneurial ecosystem, thereby contributing to the realisation of national ambitions in terms of economic sovereignty.
The FIR, the result of a partnership between FONSIS, the Islamic Development Bank (IDB) and the State of Senegal, offers tailor-made financing solutions for SMEs, based on innovative Islamic instruments. With a budget of FCFA 20 billion, it plays a key role in the economic recovery of SMEs adversely affected by the COVID-19 health crisis, by facilitating their access to appropriate financial resources.
