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

Senegal defies downgrade to raise $232 million in bond auction

IMF Revises Senegal’s 2024 Growth

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • Senegal raises $232mn in local bonds despite credit downgrade and debt misreporting concerns
  • Government to unveil fiscal consolidation plan on August 1 as IMF talks continue

DAKAR, SENEGAL – Senegal has raised 132 billion CFA francs ($232 million) in a local bond auction, pressing ahead with its borrowing strategy despite a sovereign credit downgrade and mounting scrutiny over undisclosed public debt.

You need an active subscription to continue reading this article.

Free Trial

Recent Business

Port @ Unsplash
Africa-Caribbean trade gets boost with $40mn deep-water port deal
31/07/2025
13 hours ago
Justice Nwafor
Read More »
Ethiopia © Unsplash
Ethiopia’s $32 billion forex boom fuels reform hopes
31/07/2025
14 hours ago
Michael Masrie
Read More »
1718106477222_cedi-and-dollar
Ghana’s cedi gains over 40% against US dollar
31/07/2025
15 hours ago
Evans Effah
Read More »
Stay ahead with Real time Updates

Recent Politics

Photo by Mario Klassen @ Unsplash
Kenya, Tanzania sued over cross-border abuses
31/07/2025
16 hours ago
Wanderi Kamau
Read More »
1732717216990_2JJRT55
Cameroon on edge as Biya’s main rival barred from October election
29/07/2025
2 days ago
Amindeh Blaise Atabong
Read More »
Alamy Live News
Kenya’s opposition ODM fractures over Raila-Ruto alliance
28/07/2025
3 days ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

Port @ Unsplash
Read More »
Africa-Caribbean trade gets boost with $40mn deep-water port deal
Ethiopia © Unsplash
Read More »
Ethiopia’s $32 billion forex boom fuels reform hopes
1718106477222_cedi-and-dollar
Read More »
Ghana’s cedi gains over 40% against US dollar
Photo by Mario Klassen @ Unsplash
Read More »
Kenya, Tanzania sued over cross-border abuses
Ethiopia © Unsplash
Read More »
Ethiopia’s $32 billion forex boom fuels reform hopes
1718106477222_cedi-and-dollar
Read More »
Ghana’s cedi gains over 40% against US dollar
Photo by Mario Klassen @ Unsplash
Read More »
Kenya, Tanzania sued over cross-border abuses
Alassane Ouattara @ Facebook
Read More »
Ouattara’s fourth-term bid shakes investor confidence
1718106477222_cedi-and-dollar
Read More »
Ghana’s cedi gains over 40% against US dollar
Photo by Mario Klassen @ Unsplash
Read More »
Kenya, Tanzania sued over cross-border abuses
Alassane Ouattara @ Facebook
Read More »
Ouattara’s fourth-term bid shakes investor confidence
1724863010336_Nigeria-Gas-to-Methanol
Read More »
Tunisia turns to natural gas in $57 million industrial energy shift