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Dakar, Senegal, 15 July 2013
– IFC, a member of the World Bank Group, today announced that it will provide a loan of €30 million to the Agency for Air Navigation Safety in Africa and Madagascar to finance part of its renovation plan, including the acquisition of new equipment and the refurbishment of buildings. These investments will allow ASECNA to continue improving the quality of its services and to maintain its perfect safety track record.
ASECNA operates in 17 West and Central African countries and Madagascar. It plans to purchase new airport navigation equipment, energy and communication infrastructure, and will renovate its control tower buildings in most of these locations.
Vincent Gouarne, IFC Global Industry Director for Infrastructure and Natural Resources, said: “This agreement marks the beginning of cooperation between ASECNA and IFC to support the development of a safe aviation sector in Sub-Saharan Africa. IFC is committed to promoting increased investment in infrastructure that is vital for Africa’s continued economic development.”
ASECNA was created in 1959 by agreement between the then-French colonies in Africa. It is composed of 18 member countries (Benin, Guinea Bissau, Burkina Faso, Cameroon, Central African Republic, Chad, Comoros, Congo, Cote d’Ivoire, Equatorial Guinea, France, Gabon, Madagascar, Mali, Mauritania, Niger, Senegal, and Togo). ASECNA is responsible for the design, implementation and management of facilities and services related to the transmission of messages and traffic information, guiding aircrafts, air traffic control, forecasting and reporting meteorological information, for traffic route, approach and landing at airports in African members.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit
www.ifc.org
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