During an official visit to Dakar from May 1 to 3, Khalid Safir, Director General of Morocco’s Caisse de Dépôt et de Gestion (CDG), held a series of meetings with his Senegalese counterpart, Fadilou Keïta. This latest round of talks marks a new chapter in the growing collaboration between the two financial institutions, coming one year after the signing of a memorandum of understanding aimed at deepening their strategic partnership.
As part of his visit, Safir toured several key development sites overseen by Senegal’s Caisse des Dépôts et Consignations (CDC). Among them were the redevelopment project on 30 hectares of Dakar’s former airport runway and the Mamelles Tower construction site—an ambitious rental property development. These projects reflect Senegal’s intention to draw inspiration from Morocco’s CDG model as it seeks to structure and scale up its infrastructure financing mechanisms.
“Our Moroccan counterpart has nearly 70 years of experience. We’re approaching our 19th year. There’s a great deal we can learn from them,” said Keïta during an interview with the Senegalese Press Agency. For his part, Safir praised the momentum driving Dakar’s economy, describing the city as a hub of construction and transformation that clearly signals its economic vitality.
The visit underscored a shared ambition to strengthen the financial capabilities of both institutions. Keïta pointed to the potential for collaboration not just at the institutional level, but also through their respective subsidiaries. He stressed the importance of exploring joint financing strategies that could benefit both economies. Echoing this sentiment, Safir emphasized the common DNA of the two institutions, rooted in the same core mission: managing, protecting, and enhancing public funds.
In a separate but related development, CDG, through its technology-focused subsidiary Ewane, recently signed a partnership with Senegal’s Ministry of Communication, Telecommunications, and Digital Technology. The agreement supports the development of Senegal Connect Park, a 25-hectare tech infrastructure zone in Diamniadio. The initiative aims to position Senegal as a regional hub for investment in the information and communication technology sector.
