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

Senegal Raises CFA 99 Billion in Oversubscribed Regional Bond Sale

Breaking News
© Allen Dreyfus

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.
  • One-year bill priced at 7.14 % after bids cover offer by 144 %
  • Sale follows US $700 million tap in March as Dakar leans on domestic investors

Dakar, Senegal – Senegal collected CFAF 99 billion (US $174 million) in its latest foray onto the West African Economic and Monetary Union (UEMOA) debt market, authorities said on Tuesday, shrugging off concerns over a debt-to-GDP ratio above 90 %. Investors submitted CFAF 129.96 billion (US $228 million) in bids, giving the auction a 144.4 % coverage rate.

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
1 hour ago
Justice Nwafor
Read More »
Ethiopia © Unsplash
Ethiopia’s $32 billion forex boom fuels reform hopes
31/07/2025
2 hours ago
Michael Masrie
Read More »
1718106477222_cedi-and-dollar
Ghana’s cedi gains over 40% against US dollar
31/07/2025
3 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
4 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