Senegal's National Electricity Company (Senelec) in Senegal has secured $116 million in financing from the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group.

Senelec, the national electricity company has used institutional financial partners to operate the country's power plants. According to Hani Salem Sonbol, CEO of ITFC, “Access to electricity is a crucial element for people, businesses and for the economic development of a country, all the more so in a post-global global economic recovery. covid”. The institution thus intends to support Senegal in its quest for economic growth and inclusive development. The funds released by the ITFC will notably cover 19% of its expenditure on refined petroleum products.