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Senegal Eyes Diaspora Bond to Tap $2.5 Billion in Remittances

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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.
  • Authorities seek to tap remittance inflows to diversify funding sources
  • Diaspora Bond to offer 5% interest rate, lower than previous Eurobond issuance

Senegal is preparing to issue a “Diaspora Bond” aimed at its nationals living abroad to diversify the country’s financing sources, officials said on Tuesday.

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