Dakar, October 8, 2025 - On the bangs of the Invest in Senegal Forum and chaired by Mr. Birame Souleye Diop, Minister of Energy, Oil and Mines, a round table was held on the financing of the Renewable Energy and Energy Efficiency Fund (REEF), a major lever for financing the energy transition carried by the Strategic Investment Fund of Senegal (FONSIS).
In collaboration with the Africa Climate Foundation (ACF) and the Global Green Growth Institute (GGGI), FONSIS has developed the Senegal Green Energy Fund to catalyze private sector investment in green growth and energy sovereignty in Senegal and the UEMOA zone.
With a target size of FCFA 135 billion, the Green Energy Fund Senegal will make equity investments in renewable energy and energy efficiency projects initiated by private companies in Senegal or the sub-region.
The round table brought together a large community of donors, including the AfDB, the World Bank, IFC, Bloomberg Climate Works, BOAD and international partners such as the European Union, Germany, France, the United Kingdom and Canada. They unanimously welcomed the creation of the Senegal Green Energy Fund, and expressed their interest in supporting the deployment of this local climate financing vehicle.
Mr. Birame Souleye Diop, Minister of Energy, Oil and Mines, recognized the timeliness of the initiative: "The Senegal Green Energy Fund reflects the Government's commitment to creating a favorable environment for mobilizing sustainable financing. It is part of the implementation of the national energy policy, under the leadership of the President of the Republic, for a fair and inclusive transition."
Mr. Babacar Gning, Managing Director of FONSIS, also emphasized the strategic scope of this new instrument: "The Senegal Green Energy Fund is not just another fund: it is a real gas pedal of universal access to electricity and green industrialization."
Lamine Cissé, Senegal Country Manager of the Africa Climate Foundation, emphasized the value of the technical partnership: "The Senegal Green Energy Fund represents a decisive turning point for Senegal's energy transition.
Mr. Mamadou Konaté, GGGI Resident Representative, assured that, "Public-private collaborations can turn climate ambitions into effective investments."
