Accord stratégique Sénégal-BNDE pour la mise en place du FOVAS: Ce que préconise Madana Kane
The Dundu Executives Unit published a statement in response to the strategic agreement signed between the State of Senegal and the BOAD for the establishment of the Senegal Asset Valuation Fund (FOVAS).
Dundu, the "political startup," is pleased that its leader Madana Kane's proposal has resonated with the authorities. This proposal, reiterated since 2024, aimed to leverage the state's strategic assets to generate new revenue in a context of budgetary constraints.
Mr. Kane had notably cited the example of the Abdoulaye Wade Stadium, suggesting that a good strategy for developing the state's idle assets would make it possible to host major international events (such as Barça-Real or PSG-Marseille) in order to generate revenue through the influx of tourists and the resulting commercial activity.
That being said, the Management Unit insists that the success of FOVAS will depend on critical implementation factors and issues a warning: "The authorities must not make the mistake of placing public asset management companies at the heart of the implementation mechanism."
Dundu believes the key to success will lie in the ability to attract private asset managers/developers. These players must have a proven ability to mobilize institutional investors (banks, asset managers/investment funds, pension funds, insurance companies, etc.) with a strong capacity to invest in asset-backed projects, with a view to short-, medium-, or long-term profitability.
During the implementation phase of FOVAS, the Management Unit encourages the authorities to draw inspiration from proven international models in the management of sovereign assets:
The model of Darussalam Assets, the holding company created by the Sultanate of Brunei to own, manage and operate its assets in diversified sectors (telecommunications, energy, tourism, etc.)
The British model of Crown Estate, which operates the British Crown's asset portfolio, estimated at nearly 15 billion Euros.
The Management Unit concludes that the focus on asset valuation is positive, but that success will depend on openness to private expertise and capital to guarantee the performance and profitability of the Fund.
Commentaires (13)
J’invite le Pr #BDF* a créer un gouvernement d’union national ou dépourvu de toute coloration politique et nous donner la main dans la main, l’intérêt du Sénégal est en jeu, toute autre considération n’est que INSIGNIFIANCE - Félicitations à #Madana KANE# pour cette vision claire adossé à un leadership non discutable -
Cela dit j’invite les autorités dans la mise en route du FOVAS de faire un clin d’œil aux recommandations du père de cette idée noble et novatrice
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