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Agriculture

Sunéor: Senegal’s government clears its debt to Abbas Jabbe

Monday, 01 February 2016 16:06

The government of Senegal doesn’t owe Abbas Jabber anymore”. These are the words of Senegal’s minister of agriculture, Papa Abdoulaye Seck, who announced the end of the saga that opposed the government to Sunéor’s former owner.

Everything the State owed Abbas Jabber in the framework of the firm’s transfer has been paid last Wednesday. Sunéor is now back to the government. Senegal therefore has full ownership of the company,” the minister told APS before indicating that the executive body would rapidly launch a call to offer to find a new firm with the capacity to run Sunéor appropriately. However, there is no way that the government would once more blindly give full control to the new actor as it plans “to define the modalities of the new transfer”.

This announcement comes a few months after government separated from Advens, the group previously running Sunéor. This separation fell in line with the restructuring of the country’s groundnut sector.

Aaron Akinocho

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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