SENELEC raises 108 billion FCFA on the Luxembourg Stock Exchange to finance sustainable projects

Senegal's national electricity company SENELEC raised 108 billion FCFA (164 million euros) on the Luxembourg Stock Exchange through sustainability-linked bonds, listed on the Luxembourg Green Exchange (LGX). 52.5% of the funds will be allocated to renewable energy and energy efficiency projects. The operation includes commitments to reduce grid losses and improve electricity access. CEO Papa Toby Gaye emphasized diversified financing sources and international investor confidence.