€300 Million Boost for Senegal’s Blaise Diagne Airport
Ninety One leads €100m investment to propel Senegal's Blaise Diagne Airport to regional air hub status.
Investment management company Ninety One announced in March 2024 that it is involved in the development of Senegal’s Blaise Diagne International Airport (AIBD).
In a statement, Ninety One outlined the total financing package includes their €100 million contribution and an additional €200 million secured by AIBD from a consortium of banks.
These funds are earmarked for the significant expansion of Blaise Diagne International Airport, to help Senegal become West Africa’s leading air hub by 2035.
Blaise Diagne Airport’s Expansion Details
The expansion plans include a 40% increase in annual passenger capacity to over 5 million, construction of a dedicated cargo terminal, and renovations of regional airports.
This significant investment is expected to address the growing domestic and international air traffic demands in the region, while also stimulating job creation opportunities.
“The investment in AIBD promotes the UN’s Sustainable Development Goal 9, which aims to build resilient infrastructure while promoting inclusive and sustainable industrialisation, as well as fostering innovation,” said Ninety One investment specialist Reabetswe Kungwane. “By enhancing AIBD, we not only support tourism but also facilitate inter-African trade and economic growth across the region.”
