ITFC to enhance groundnut oil quality standards and boost Senegalese export capabilities

Dakar, Senegal, 17 November 2020 – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has approved a Grant Agreement for the Senegalese Groundnut Oil Processing Company, SONACOS, to acquire new laboratory analysis equipment.

 The Technical Assistance will enable SONACOS to acquire equipment that will specifically enable the company to ensure that its groundnut oil always meet international quality and safety standards, and therefore be able to conquer new international markets acquire. The funding will also be used to train laboratory staff in the use and maintenance of the new equipment and carry out research into the fatty acid composition of edible vegetable oils.

SONACOS is a public limited company that has operated in the groundnut sector in Senegal for over 40 years, with an annual processing capacity of 360,000 tons through its five factories in Lyndiane, Ziguinchor, Diourbel, Louga and Dakar. The company works hand in hand with producers of groundnut seeds and other aspects of the value chain.