Dakar, 2 Oct 2026 - WE! Fund, a subsidiary of the Strategic Investments Sovereign Fund (FONSIS), has signed two investment agreements with Mayawa Agro-industrie and Amar Bio Solutions. The agreements are worth 1 billion CFA francs. Mayawa Agro-industrie, based in Touba, produces mineral water, while Amar Bio Solutions, based in Sandiara, specializes in ecological cleaning and hygiene products.
The investments are expected to create nearly 200 direct jobs. Mayawa Agro-industrie will acquire a new automatic bottling line, increasing its production capacity. The company plans to create 160 direct jobs, with over 50% of positions filled by women. Additionally, Mayawa Agro-industrie will develop a basin for surrounding villages to reuse water for agricultural and livestock activities.
Amar Bio Solutions will use the funds to install automatic production lines with a capacity of 5,000 liters per day. The company will produce disinfectant gels, liquid soap, detergents, bleach, and other products. The investment is expected to create around 40 direct jobs. Amar Bio Solutions aims to accelerate production and commercialization of innovative hygiene solutions based on plant-based active ingredients.
According to Amina Lome Amar, Managing Director of Amar Bio Solutions, the WE! Fund investment marks a significant milestone in the company's development. The funds will enable Amar Bio Solutions to strengthen its innovation capabilities and presence in West African markets. The company is committed to providing eco-friendly hygiene solutions.
Seynabou Ndiaye, Director of WE! Fund, emphasized the fund's role in supporting Senegalese enterprises. WE! Fund provides necessary resources for companies to increase production capacity, structure growth, and create value and jobs in Senegal. The fund focuses on investments with a positive impact on women's economic empowerment.
WE! Fund was created in November 2019 by FONSIS as an impact investment fund. The fund targets companies and projects with high economic potential and positive impact on women's lives. WE! Fund's investments align with Senegal's economic development goals and support the growth of local enterprises.
The two investment agreements demonstrate WE! Fund's commitment to supporting Senegalese businesses. The fund's investments in Mayawa Agro-industrie and Amar Bio Solutions are expected to drive economic growth, create jobs, and promote women's economic empowerment in Senegal.
Key points
- WE! Fund invests 1 billion CFA francs in Mayawa Agro-industrie and Amar Bio Solutions.
- Investments expected to create nearly 200 direct jobs in Senegal.
- WE! Fund supports women's economic empowerment through strategic investments.
