Senegal's Sovereign Fund Invests $1.4 Million in a Green Dialysis Center and a Recycling Company
WE! Fund, part of Senegal's state investment fund FONSIS, signs two agreements.
On 28 July 2026, WE! Fund signed two investment agreements worth a combined $1.4 million. WE! Fund is the impact-investment unit of FONSIS, Senegal's sovereign strategic investment fund. The money goes to two companies: Dakar Dialyse, which provides kidney dialysis treatment, and BERCA, a company that recycles plastic waste into new products.
WE! Fund invests in small and mid-sized Senegalese companies. It prioritizes projects that create jobs for women. Seynabou Ndiaye, director of WE! Fund, said the two agreements follow the fund's method of financing companies with growth potential in sectors that also produce social impact. Babacar Gning, director-general of FONSIS, said the investments show the fund can combine financial return with social outcomes.
Dakar Dialyse is building a dialysis treatment center in Diamniadio, a town near Dakar, on a 5,000-square-metre site. The center will have 38 dialysis stations. It will include a water recycling system for the wastewater produced during dialysis treatment, and the company describes it as Senegal's first "green" dialysis center. Dr Alioune Blondin Diop, president of Dakar Dialyse, said the project is based on the idea that every Senegalese person has the right to access high-level medical care, wherever they live. Demand for dialysis in Senegal has grown with rising rates of chronic kidney disease, diabetes and hypertension.
BERCA is a plastic recycling company based in Keur Ndiaye Lo, a town near Dakar. It turns recycled plastic waste into products for households, construction and public spaces. Amadou Gueye, president of BERCA, called the investment a decisive step for the company's growth. The funds will be used to buy new industrial equipment and expand storage facilities. Lequotidien reported that the two projects combined are expected to create 33 new jobs, of which 20 are reserved for women, and to maintain 19 existing jobs.
FONSIS manages a total investment portfolio of about $1 billion.