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SENEGAL – An online platform for pension filing

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Senegal’s Directorate General for the Budget (DGB) to improve the quality of services provided to users has launched a project to dematerialize the deposits of pension files through the e-pension application, on Thursday, May 05, 2023. This strategy will automate file handling procedures to ensure simplification and timeliness.

We have already had the opportunity to authorise the production in May 2021 of the computer application for processing pension files, called Syspension. This tool, combined with the procedure for the immediate liquidation of the retirement pension implemented by the Pensions Directorate, has made it possible to ensure the traceability and integrity of the data while reducing the processing times for pension files”, said Abdou Diouf, Coordinator of the Directorate-General for the Budget at the launch workshop held on Thursday 4 May in Dakar.

According to the information he provided, significant progress has been noted in the development of the e-pension application, which has two components. The first is the dematerialization of the filing of files, and the second is the dematerialization of pay slips at the accounting level. With regard to the first component, the first phase of the project involves allowing pension files of all kinds to be submitted to the Regional Controls of Finance (FRC), which will then transmit them online to the Pensions Directorate for processing. This new filing process at the territorially competent FRC level saves pensioners and their successors from lengthy and costly travel. The level of processing will, of course, be monitored via the e-pension application,” he explains. Concerning the second part, the pilot phase successfully started this month at the level of Guédiawaye perception. Its purpose is to put an end to the physical publishing and distribution of bulletins at the level of accounting positions by the National Association of Civilian and Military Retirees of the FNR. This whole process will make it easier for the user to file online in the Pensions Directorate. However, he will have to take all the necessary actions to apply.

The Coordinator of the Directorate-General for Budget, Abdou Diouf, urges all the actors concerned and especially the associations of pensioners to give their support to the DGB for the sharing of information with a view to the accession of the beneficiaries to the project and its effective implementation.

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BAD: Mauritanian Sidi Ould Tah takes the reins of the institution

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Mauritania is in the spotlight. On Thursday, May 29, 2025, Sidi Ould Tah was elected president of the African Development Bank (AfDB), at the annual meeting of the institution held in Abidjan. He succeeds Akinwumi Adesina of Nigeria, in office since 2015.

His election came after a hard-fought duel against Samuel Munzele Maimbo of Zambia, who finished in second place. The election, which was marked by major geopolitical and economic issues, took place against a background of high expectations regarding governance and development financing on the continent.

The Senegalese Amadou Hott, long perceived as one of the favorites, finishes in third place, followed by the South African Bajabulile Swazi Tshabalala. Despite significant diplomatic support, notably for Hott, the momentum in favour of Sidi Ould Tah has prevailed in the last few rounds.

Former minister and general manager of the Arab Bank for Economic Development in Africa (BADEA), Sidi Ould Tah is recognized for his experience and strategic vision. He will officially take office on 1 September 2025.

Photo credit: Forbes Africa

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SENEGAL – 511.3 billion CFA francs in savings and 677 billion CFA francs in loans granted in 2022 in microfinance

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The Senegalese Minister of Microfinance and Social and Solidarity Economy chaired, this Thursday, July 27, 2023, the 27th meeting of the National Committee for the Coordination of Microfinance Activities. Victorine Ndeye reported that microfinance affects 22% of the population with 511, 3 billion CFA francs in savings and 677, billion CFA francs in loans granted in 2022.

The 27th edition of the National Coordination Committee for Microfinance Activities was held on Friday.
According to the Minister of Microfinance and Social and Solidarity Economy, Victorine Ndeye, microfinance plays a crucial role in financial inclusion by providing accessible financial services to low-income populations and small entrepreneurs. It is a powerful tool to reduce poverty, create jobs, support local entrepreneurship and promote the economic empowerment of women and youth,” she says. “In 2022, microfinance expanded with a total of 296 institutions with 995 points of service across the country. Today 4,034,538 accounts remain active and Microfinance reaches 22% of the population, with 511.3 billion in savings and 617.3 billion in loans granted”. The minister indicates that his department is aware that we must reinvent to meet the new requirements and needs of a more vulnerable population in times of major crises that our country is going through in the face of exogenous shocks related to the Covid pandemic 19 and the Ukrainian crisis. “We intend to strengthen the synergy of microfinance actors, the government, technical and financial partners and microfinance institutions to meet the challenges we face. We must continue to promote financial stability, inclusion and transparency in the sector, but we must also address universal access to financial services through a better perception of the sector,’ she said. In his view, this requires a target-based approach, better risk management and strong governance. We also need to encourage innovation in the microfinance sector. Emerging financial technologies, such as mobile banking, innovative financing and our proven savings and credit models, offer real opportunities to expand access to financial services,’ she says. It is their responsibility to ensure that these innovations benefit everyone, including the most vulnerable and the most remote. ‘ We will continue to work towards a favourable regulatory environment that encourages investment, diversification of offerings and the expansion of microfinance institutions,’ she says.

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WAEMU AREA – Growth of 5.4% of Gdp over one year

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Economic activity in WAEMU remained buoyant in the first quarter of 2023, with a 5.4% increase in GDP over one year, after 5.3% in the previous quarter.

According to the information provided by BCEAO, the business climate indicator, which synthesizes the views of business leaders, remained above its long-term trend at 101.1 percentage points. This development reflects the continuing confidence of business managers in the favourable economic outlook. The growth gain, which is an indication of the minimum level of growth that would be achieved by the end of the year, is estimated at 3.4% in the first quarter of 2023,” the BCEAO informs.

The growth of Gdp in volume terms in the Union is the result of the continued good orientation of economic activity, particularly in the secondary and tertiary sectors. The contribution of the secondary sector increased from 0.6 percentage points (pdp) in Q4 2022 to 0.7 PDP in the quarter under review.

The contribution to growth in the tertiary sector was 3.4 pdp in the first quarter of 2023 compared to 3.3 pdp in the previous quarter. In contrast, the primary sector contribution edged down to 1.3 PDP in Q1 2023 from 1.4 PDP in Q4 2022.

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