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Senegal raises $346m in latest WAMU debt auction

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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.
  • Bond issue oversubscribed despite high debt levels
  • Analysts urge caution as IMF aid programme remains suspended

DAKAR, SENEGAL – Senegal raised 193 billion CFA francs ($346 million) on Thursday, July 3, in another successful regional debt market auction, the Ministry of Finance announced, underscoring investor appetite despite the country’s rising debt profile.

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