Search
Login
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Senegal Raises CFA 99 Billion in Oversubscribed Regional Bond Sale

Subscriber only Subscriber only
Breaking News
© Allen Dreyfus

Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • One-year bill priced at 7.14 % after bids cover offer by 144 %
  • Sale follows US $700 million tap in March as Dakar leans on domestic investors

Dakar, Senegal – Senegal collected CFAF 99 billion (US $174 million) in its latest foray onto the West African Economic and Monetary Union (UEMOA) debt market, authorities said on Tuesday, shrugging off concerns over a debt-to-GDP ratio above 90 %. Investors submitted CFAF 129.96 billion (US $228 million) in bids, giving the auction a 144.4 % coverage rate.

You need an active subscription to continue reading this article.

Free Trial

Recent Business

Islamic Architecture Mosque in Dakar, Senegal. Photo by Yacoub Ethmane @ Pexels
Senegal seeks $3.2bn from diaspora as debt hits 119% of GDP
16/09/2025
13 hours ago
Brandon Orion Mensah
Read More »
A civilian on the street of Libreville, Gabon. Photo @ Unsplash
Gabon returns to market with $89mn bond issue
16/09/2025
15 hours ago
Kingsley Kobo
Read More »
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Can fiscal restraint shield Ghana from another debt spiral?
16/09/2025
17 hours ago
Evans Effah
Read More »
Stay ahead with Real time Updates

Recent Politics

Steel factory. Photo by Peter Herrmann @ Unsplash
Nigeria’s steel dreams still idle after billions spent
16/09/2025
19 hours ago
Ruth Tene
Read More »
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
15/09/2025
1 day ago
Dulue Mbachu
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
12/09/2025
4 days ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

Islamic Architecture Mosque in Dakar, Senegal. Photo by Yacoub Ethmane @ Pexels
Read More »
Senegal seeks $3.2bn from diaspora as debt hits 119% of GDP
A civilian on the street of Libreville, Gabon. Photo @ Unsplash
Read More »
Gabon returns to market with $89mn bond issue
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Can fiscal restraint shield Ghana from another debt spiral?
Steel factory. Photo by Peter Herrmann @ Unsplash
Read More »
Nigeria’s steel dreams still idle after billions spent
A civilian on the street of Libreville, Gabon. Photo @ Unsplash
Read More »
Gabon returns to market with $89mn bond issue
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Can fiscal restraint shield Ghana from another debt spiral?
Steel factory. Photo by Peter Herrmann @ Unsplash
Read More »
Nigeria’s steel dreams still idle after billions spent
Ethio Telecom Headquarter in Ethiopia. Photo by Hawi Getachew @ Unsplash
Read More »
Ethiopia, Denmark seal $238mn deal for green growth push
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Can fiscal restraint shield Ghana from another debt spiral?
Steel factory. Photo by Peter Herrmann @ Unsplash
Read More »
Nigeria’s steel dreams still idle after billions spent
Ethio Telecom Headquarter in Ethiopia. Photo by Hawi Getachew @ Unsplash
Read More »
Ethiopia, Denmark seal $238mn deal for green growth push
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Read More »
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes