Locrafrique awaiting green light from Senegal to raise stake in SAR

The transaction’s approval has been delayed but is still in the pipeline, Jeune Afrique Business+ has learned.

29/09/2020 at 17h18, by Gaëlle Arenson

“We are still awaiting government approval to acquire 17% of the Société Africaine de Raffinage (SAR) from Petrosen,” Khadim Bâ, CEO of Locafrique, a specialist in leasing and SAR’s reference shareholder, explained to us over the phone.