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Senegal Raises Over $60M Amid Budget Turbulence

Dakar, Senegal. 13th Mar, 2025. Credit: LE PICTORIUM/Alamy Live News

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.
  • Treasury bond issuance surpasses target, attracting strong investor demand
  • Preference for short-term securities signals lingering concerns over economic stability

Senegal has successfully raised 38.5 billion CFA francs ($64 million) on the West African Monetary Union (WAMU) sovereign debt market, authorities announced on Monday. The issuance, conducted through a mix of Treasury Bills and Bonds (BAT and OAT), featured maturities of 364 days, 3 years, and 5 years.

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