Search

Senegal Targets $2 Billion in 2025 Financing as Sonko Eyes IMF Deal and Sukuk Revival

© Pixabay

• Financing needs could fall to $268m by 2029 if IMF support resumes
• PM signals return to Islamic finance and hints at possible CFA franc exit

Senegal’s financing needs will climb to 1.195 trillion CFA francs ($2 billion) in 2025, but could fall sharply to 155 billion CFA francs ($268 million) by 2029—provided the country can revive its suspended programme with the International Monetary Fund, Prime Minister Ousmane Sonko told lawmakers on Monday.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

Chief Executive of Dangote Industries Limited, Aliko Dangote. Photo: Dangote Industries LinkedIn/Water Forward Event
How Dangote's $11.6bn pledge reshapes Africa's billionaire succession model
Read More »
A vibrant city street in Mali. Photo by Faruk Tokluoğlu @ Pexels
Is Mali's debt strategy becoming West Africa's biggest gamble?
Read More »
Urban Johannesburg, South Africa. Photo @ Pixabay
Can $1.5bn World Bank loan revive South Africa's stalled economy?
Read More »

Latest Posts

Latest news insights