Senegal unveils 200bn CFA to support private sector

Apr 21, 2020, 12:07 PM

The Minister of Economy, Planning and cooperation, Amadou Hott, reiterated the commitment of the state of Senegal to unlock an envelope of 200 billion CFA francs as a “quick cash” to “support” companies in difficulties in the face of the coronavirus.

“These are all companies that have a turnover that has fallen to a minimum of 33%. Companies that have lost all their turnover will be eligible. We will make comparisons of turnover between March and February. We have data on this. These companies will be able to go directly to their banker,” he said in Sunday’s jury show on Iradio, specifying in the wake that, all banks will also be put into contributions.

“We have targeted monthly loans to cover incompressible expenses such as salary, rent, etc., “insisted Hott, who recalls that these “loans” will allow companies to resist crisis over a period of three to four months during this period.

However, reassures the Minister of Economy, Planning and cooperation, repayment will be made one year after the end of the pandemic. “After the crisis period, the company will have to stay a year without paying back. It is from the 12th month that she will have to start repaying her loans over a period of five years,” said Amadou Hott.

Source: Seneweb

Read Other Articles In Headlines
Mambuaray Njie
Gambia’s 2021 revenue & grants projected at D25.76bn
Nov 13, 2020, 12:15 PM

The Gambia’s total revenue and grants for the year 2021 is projected at D25.76 billion ($498.3 million), representing a minimal growth of 5 percent over the 2020 figure of 24.4 billion ($471.9), Finance and Economic Affairs minister has informed lawmakers.

Mama Kandeh presents to Disabled v3
Kandeh extends benevolence to Gambia Federation of Disabled
May 15, 2020, 11:43 AM

As part of their 4th year anniversary, the leader of the Gambia Democratic Congress (GDC), Mama Kandeh has donated D100,000 to The Gambia Federation of the Disabled to support the physically challenged in these trying times of the covid-19 crisis.

‘We must abolish culture of silence, report cases of GBV’
Dec 31, 2020, 1:05 PM

Neneh Touray, assistant director of Information, Education and Communication for Women’s Bureau, has affirmed that “we must abolish the culture of silence if we want to tackle the culture of Gender Based Violence (GBV) in our communities, homes and the country at large.”

Lands Ministry compensates Sukuta with 324 plots of land
Jun 3, 2020, 1:46 PM

Buba Sanyang, the permanent secretary at the Ministry of Lands and Regional Governments has informed the media that 324 plots of land have been given as compensation to the community of Sukuta after their lands at Salaji Layout were confiscated by government.