Impacts
Who we are
Impacts
FONSIS makes investments taking into account their impact on the population and the environment.
The activities of FONSIS are aimed at structurally strengthening sectors.
The various investments made by FONSIS since it was set up have contributed to the objectives of the Emerging Senegal Plan.
- Food, health and energy sovereignty,
- Territorial equity,
- Reduction in the trade deficit,
- Attracting investors,
- Development of capital investment,
- Discouraging certain types of project,
- Preservation of the interests of the State and the local private sector,
- Reducing the carbon footprint,
- Relevance of African sovereign wealth funds.
The investments have led to the creation of thousands of direct jobs and the development of the local economic fabric, with the development or strengthening of value chains (benefits for suppliers, distributors and customers).
FONSIS contributes to the development of the capital investment ecosystem in Senegal. The funds set
up have financed dozens of Senegalese SMEs in various sectors.
This activity helps to mobilise capital
and increase the availability of financing solutions for SMEs. In addition to the funds, other vehicles are
being developed, such as Kajom Capital.
Kajom Capital is an investment vehicle whose mission is to finance access to home ownership through a lease-to-own mechanism.
It is a complementary financing offer to mortgages thanks to an inclusive approach and direct impact. With Kajom Capital, workers in the formal and informal sectors will be able to acquire housing with ease. Some of the homes offered will contribute to the achievement of the 100,000 homes programme.
FONSIS supports the industrialisation of the sector. Investments made have contributed to accelerating the local cereal processing industry. FONSIS has financed the modernisation of several SMEs in this regard. These transactions help to promote local products and boost local consumption, thereby reducing imports.
A financing fund has been set up to invest in agricultural service companies in northern Senegal: the SME Agri Fund. The first investment enabled the establishment of a rice processing plant, DB Foods, which produced 1,000 tonnes of rice in its first year by bringing together hundreds of producers.
It was in 2015 that FONSIS's first investment became operational. The POLIMED Medical Imaging Centre, located within the Mbour hospital, began operations. On average, more than 20,000 procedures are performed each year. Patients benefit from POLIMED's local service, which has a positive impact on child and maternal health. Mbour is a crossroads between several regions, which helps to rebalance the geographical distribution of health services and provide international standard services at public service rates (ultrasound, radiology, CT scans and endoscopy, hysterosalpingography, hysteroscopy, obstetric ultrasound). FONSIS is also working with the Ministry of Health to deliver turnkey healthcare facilities (imaging centres, hospitals) and develop a pharmaceutical industry. This is a highly strategic issue, as in 2019, Senegal imported 80-85% of the medicines it used. Parenterus, a FONSIS transaction carried out with private players in the pharmaceutical sector, enables the local production of large volumes of solutions, commonly known as perfusions, in order to secure the supply of medical equipment. FONSIS has also invested in the local production of medicines with the company MediS, which it has helped to restructure.
FONSIS is investing in cleaner energy sources. Several solar power plants have been built with the agreement of the local population. As well as providing job opportunities, these people are supported by initiatives to improve their farming systems, the setting up of support funds to develop new income-generating activities, and also by CSR initiatives.
FONSIS investments are helping to diversify Senegal's energy mix, providing cleaner, less expensive energy and promoting business development. The solar power plants installed cover the needs of more than 900,000 people. The ecological impact is over 100,000 tonnes/year of CO2 not released into the atmosphere.
Gas exploitation is opening up new prospects for Réseau Gazier du Sénégal (RGS), a FONSIS transaction involving two of Senegal's major energy players: Petrosen and Senelec. RGS is in charge of building the gas pipeline, which, in addition to being used for domestic and professional purposes, will enable the transition from oil-fired power stations to cleaner, more environmentally-friendly energy. This energy will also be less expensive, enabling the development of more robust industries. Gas will also have spin-off applications in sectors such as agribusiness, with the manufacture of fertilisers. This could help boost the quality of agricultural production, with higher yields.
As regards water, SEN'EAU, a company formed with Suez, is responsible for water distribution in urban areas. Since it began operations, SEN'EAU has increased the availability of water by installing several plants and boreholes, while improving customer service.
SEN'EAU provides total, real-time supervision of the distribution chain to ensure better availability of water to local populations and industries, as well as shorter service returns in the event of interruptions. Customers can monitor their consumption and receive and pay their bills online.
Together with its partner Méridiam, FONSIS has set up the Dakar Mobilité company to manage the Bus Rapid Transit (BRT). Worth a total of FCFA 300 billion, the introduction of the 121 electric BRT buses in 2023 will reduce transport-related pollution by 59,000 tonnes of CO2/year. The BRT will help to improve urban mobility between several communes and reduce journey times from an average of 95 minutes to 45 minutes. The BRT is part of a plan to transform Dakar's urban transport system, which concentrates almost a quarter of the population in less than 0.3% of the country.
Who we are
Impacts
FONSIS makes investments taking into account their impact on the population and the environment.
The activities of FONSIS are aimed at structurally strengthening sectors.
The various investments made by FONSIS since it was set up have contributed to the objectives of the Emerging Senegal Plan.
- Food, health and energy sovereignty,
- Territorial equity,
- Reduction in the trade deficit,
- Attracting investors,
- Development of capital investment,
- Discouraging certain types of project,
- Preservation of the interests of the State and the local private sector,
- Reducing the carbon footprint,
- Relevance of African sovereign wealth funds.
The investments have led to the creation of thousands of direct jobs and the development of the local economic fabric, with the development or strengthening of value chains (benefits for suppliers, distributors and customers).
FONSIS contributes to the development of the capital investment ecosystem in Senegal. The funds set
up have financed dozens of Senegalese SMEs in various sectors.
This activity helps to mobilise capital
and increase the availability of financing solutions for SMEs. In addition to the funds, other vehicles are
being developed, such as Kajom Capital.
Kajom Capital is an investment vehicle whose mission is to finance access to home ownership through a lease-to-own mechanism.
It is a complementary financing offer to mortgages thanks to an inclusive approach and direct impact. With Kajom Capital, workers in the formal and informal sectors will be able to acquire housing with ease. Some of the homes offered will contribute to the achievement of the 100,000 homes programme.
FONSIS supports the industrialisation of the sector. Investments made have contributed to accelerating the local cereal processing industry. FONSIS has financed the modernisation of several SMEs in this regard. These transactions help to promote local products and boost local consumption, thereby reducing imports.
A financing fund has been set up to invest in agricultural service companies in northern Senegal: the SME Agri Fund. The first investment enabled the establishment of a rice processing plant, DB Foods, which produced 1,000 tonnes of rice in its first year by bringing together hundreds of producers.
It was in 2015 that FONSIS's first investment became operational. The POLIMED Medical Imaging Centre, located within the Mbour hospital, began operations. On average, more than 20,000 procedures are performed each year. Patients benefit from POLIMED's local service, which has a positive impact on child and maternal health. Mbour is a crossroads between several regions, which helps to rebalance the geographical distribution of health services and provide international standard services at public service rates (ultrasound, radiology, CT scans and endoscopy, hysterosalpingography, hysteroscopy, obstetric ultrasound). FONSIS is also working with the Ministry of Health to deliver turnkey healthcare facilities (imaging centres, hospitals) and develop a pharmaceutical industry. This is a highly strategic issue, as in 2019, Senegal imported 80-85% of the medicines it used. Parenterus, a FONSIS transaction carried out with private players in the pharmaceutical sector, enables the local production of large volumes of solutions, commonly known as perfusions, in order to secure the supply of medical equipment. FONSIS has also invested in the local production of medicines with the company MediS, which it has helped to restructure.
FONSIS is investing in cleaner energy sources. Several solar power plants have been built with the agreement of the local population. As well as providing job opportunities, these people are supported by initiatives to improve their farming systems, the setting up of support funds to develop new income-generating activities, and also by CSR initiatives.
FONSIS investments are helping to diversify Senegal's energy mix, providing cleaner, less expensive energy and promoting business development. The solar power plants installed cover the needs of more than 900,000 people. The ecological impact is over 100,000 tonnes/year of CO2 not released into the atmosphere.
Gas exploitation is opening up new prospects for Réseau Gazier du Sénégal (RGS), a FONSIS transaction involving two of Senegal's major energy players: Petrosen and Senelec. RGS is in charge of building the gas pipeline, which, in addition to being used for domestic and professional purposes, will enable the transition from oil-fired power stations to cleaner, more environmentally-friendly energy. This energy will also be less expensive, enabling the development of more robust industries. Gas will also have spin-off applications in sectors such as agribusiness, with the manufacture of fertilisers. This could help boost the quality of agricultural production, with higher yields.
As regards water, SEN'EAU, a company formed with Suez, is responsible for water distribution in urban areas. Since it began operations, SEN'EAU has increased the availability of water by installing several plants and boreholes, while improving customer service.
SEN'EAU provides total, real-time supervision of the distribution chain to ensure better availability of water to local populations and industries, as well as shorter service returns in the event of interruptions. Customers can monitor their consumption and receive and pay their bills online.
Together with its partner Méridiam, FONSIS has set up the Dakar Mobilité company to manage the Bus Rapid Transit (BRT). Worth a total of FCFA 300 billion, the introduction of the 121 electric BRT buses in 2023 will reduce transport-related pollution by 59,000 tonnes of CO2/year. The BRT will help to improve urban mobility between several communes and reduce journey times from an average of 95 minutes to 45 minutes. The BRT is part of a plan to transform Dakar's urban transport system, which concentrates almost a quarter of the population in less than 0.3% of the country.
ABOUT FONSIS
The Strategic Investment Fund of Senegal (FONSIS SA.) was created by Law 2012-34 adopted on 27 December 2012. It adheres to the Santiago Principles which govern the operation of the largest international sovereign wealth funds of member countries of the International Monetary Fund (IMF).
WHO WE ARE ?
- Business
- Projects
- Achievements
CONTACT
- +221 33 869 63 69
- contact@fonsis.org
- Rond-point Stèle Mermoz Immeuble Elton, 3rd floor, - Dakar - B.P. 50882, Senegal
