January 6, 2021
Abdel Mumin Zampalegre, General Manager of Bank of Africa (BOA) Senegal, spoke to Africa Oil & Power about how BOA Senegal boasts extensive experience in the region and is supported by the Moroccan Bank of Foreign Commerce. Thanks to its ambitious stance toward becoming a key player in the local energy finance sector, BOA Senegal is set to strengthen the country’s capabilities in financing future oil and gas prosperity.
Do you see new opportunities emerging in Senegal’s energy sector, especially given first oil and gas will be produced from offshore fields in 2023?
We are seeing new opportunities at a group level, as well as at the local Senegal branch. An entire indigenous oil and gas sector is about to be developed. An array of subcontractors is about to enter the market and it is our goal to support them. The local banking association is looking at how to approach the oil majors in order to be involved in investment finance. Rather than coming