Search

Senegal Returning to Regional Market With $245 Million Bond Offering

President of Senegal Bassirou Diomaye Faye. Photo by Stephane Lemouton/Pool/ABACAPRESS.COM Credit: Abaca Press/Alamy Live News
  • IMF support suspended after $7bn in hidden debt revealed
  • Dakar now relies more on local markets as yields edge higher

Senegal is returning to West Africa’s regional debt market with a CFA150 billion ($245 million) bond sale, hoping to secure budget financing after revelations of $7 billion in hidden liabilities and the suspension of its IMF programme rattled investors.

Recent Business

A shopper at a supermarket. Photo @ Unsplash
Nigeria’s annual inflation slowed to 16% in October
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Australian gold miner Skylark Minerals makes $4mn push into Côte d’Ivoire
Read More »
Fishermen in Senegal busy at shore. Photo by Thomas de LUZE @ Unsplash
Senegal bonds crash as government rejects debt restructuring
Read More »

Recent Politics

Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal’s soaring presidency budget sparks scrutiny amid economic strain
Read More »

Latest Posts

Latest news insights