Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Senegal defies downgrade to raise $232 million in bond auction

Dakar, Senegal. © Pexels
Dakar, Senegal. © Pexels

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.

Recent Business

Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Zambia inflation drops to 11.9% in October, lowest since 2023
30/10/2025
20 hours ago
Justice Nwafor
Read More »
Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
MTN Ghana profit surges 46% as data and fintech drive growth
30/10/2025
1 day ago
Joshua Worlasi Amlanu
Read More »
Elderly woman on a busy street. Photo by Ink Pond @ Unsplash
Nigeria’s pension assets hit record $17 billion amid reform success
29/10/2025
1 day ago
Vincent Nwanma
Read More »
Stay ahead with Real time Updates

Recent Politics

Young protestors. Photo by Oladipo Adejumo @ Unsplash
Kenyan activists missing in Uganda after Bobi Wine rally sparks outcry
30/10/2025
22 hours ago
Wanderi Kamau
Read More »
Worsening floods, droughts as a result of climate change hit Africa. Photo by Matt Palmer @ Unsplash
Rwanda targets $12bn to tackle climate crisis and cut emissions by 53%
29/10/2025
1 day ago
Alex Ngarambe
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya faces political uncertainty after Raila Odinga’s death
20/10/2025
1 week ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

Gas pipeline. Photo by Leo Sokolovsky @ Unsplash
Read More »
Rwanda secures $177mn from GasMeth Energy to boost Lake Kivu methane project
Oil drilling rig Photo Marian Lupan @ Unsplash
Read More »
Nigeria slaps 15% import tax to shield local fuel refiners
Commercial area in Danfo in Lagos, Nigeria. Photo by Ayoola Salako @ Unsplash
Read More »
Nigeria bond yields drop as investors bet on rate cuts
Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Read More »
Zambia inflation drops to 11.9% in October, lowest since 2023
Oil drilling rig Photo Marian Lupan @ Unsplash
Read More »
Nigeria slaps 15% import tax to shield local fuel refiners
Commercial area in Danfo in Lagos, Nigeria. Photo by Ayoola Salako @ Unsplash
Read More »
Nigeria bond yields drop as investors bet on rate cuts
Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Read More »
Zambia inflation drops to 11.9% in October, lowest since 2023
Young protestors. Photo by Oladipo Adejumo @ Unsplash
Read More »
Kenyan activists missing in Uganda after Bobi Wine rally sparks outcry
Commercial area in Danfo in Lagos, Nigeria. Photo by Ayoola Salako @ Unsplash
Read More »
Nigeria bond yields drop as investors bet on rate cuts
Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Read More »
Zambia inflation drops to 11.9% in October, lowest since 2023
Young protestors. Photo by Oladipo Adejumo @ Unsplash
Read More »
Kenyan activists missing in Uganda after Bobi Wine rally sparks outcry
A farmer picking cocoa in the field. Photo @ Pexels
Read More »
Commodity prices slide again across Central Africa as cocoa, coffee exports tumble