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Senegal launches asset monetisation fund as debt pressures mount

Dakar, Senegal. © Pexels
Dakar, Senegal. © Pexels
  • Senegal turns infrastructure into cash via new asset fund
  • S&P warns refinancing risks remain acute

 

DAKAR, SENEGALSenegal is launching a new fund to monetise state-owned infrastructure with regional backing as debt pressures mount following a fresh sovereign rating cut by S&P Global Ratings.

The Fonds de valorisation des actifs du Sénégal (FOVAS) will bundle selected public assets – including roads, ports, logistics platforms and government buildings – into a single structure designed to generate recurring cashflows, according to a joint statement released on Monday.

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