Senegal’s market modernization plan: 57.5 billion FCFA investment announced

Government unveils sweeping market revitalization initiative

Senegal’s Prime Minister has rolled out an ambitious blueprint to overhaul the nation’s commercial infrastructure, targeting decades-old market facilities that have fallen into disrepair. With 53 market fires recorded since 2013 and most structures dating back to the 1970s, the government is implementing the Programme de Modernisation et de Gestion des Marchés (PROMOGEM) as part of its 2025-2029 strategic plan.

The comprehensive initiative will see 528 existing markets renovated while 67 brand-new modern complexes rise across the country. Backed by a 57.5 billion FCFA public investment over four years, this program aims to transform Senegal’s commercial landscape and enhance economic resilience.

Concurrent priorities: agriculture, flood management and digital sovereignty

The agricultural sector isn’t being neglected in this multifaceted strategy. For the 2026-2027 farming campaign, immediate corrective measures are being implemented to address persistent challenges including inadequate beneficiary targeting, limited seed autonomy and storage constraints. While long-term subsidy reforms are underway, the government is prioritizing digital solutions in pilot zones including Tivaouane and Nioro.

Flood management has also been thrust into the spotlight. Local authorities have received directives to finalize communal emergency plans and conduct cross-ministerial simulation exercises before mid-June 2026. Additionally, the stalled Sénégal Connect Park project – now 95% complete but entangled in contractual disputes – has been given new urgency, with the government requesting an updated completion timeline from the African Development Bank.