Pinsent Masons advises IFC on landmark investment to boost Retail sector in Senegal
09 Jan 2026 | 02:06 pm |
Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, on its landmark investment of €25 million in Groupe EDK, Senegal’s foremost retail and large-scale distribution operator.
The investment will accelerate access to innovative retail, advance food security, assist creating jobs and support Senegal’s Vision 2050 to boost sustainable and inclusive growth.
The investment is designed to help modernize the EDK existing Low-Price stores and opening up 18 new grocery outlets by 2027, primarily in lower-income cities outside of Dakar. This expansion is expected to create 2,450 jobs with a strong focus on promoting women’s inclusion.
By improving access to affordable products and stimulating local economic growth, this high-impact investment will deliver significant social and economic benefits for communities across Senegal.
The Pinsent Masons dedicated team was led by Paris Finance & Projects Partner Eran Chvika and included Léa Fournier, Noëlle Fajardy, Charles Bressant and Melissa Benalouane.
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